Plata

Plata

Private
United StatesFinTechhttps://www.conplata.com

Last Round

Series C

4/16/2026

Est. Valuation

$5B

Total Funding Raised

$405.1M

Company Overview

Plata is a US-based financial technology company that provides an all-in-one banking platform for the unbanked Latino community. The company partners with employers of blue-collar businesses to simplify the payroll process and provide their Latino employees with access to an FDIC-insured US bank account. The platform is designed to mirror, simplify, and reduce the cost of existing financial behaviors for its users, offering services like virtual and physical debit cards and peer-to-peer money transfers. Founded in 2022, Plata's mission is to foster economic empowerment and financial inclusion for underserved communities.

Sector

FinTech

Verticals

Digital Banking, HR, Digital Payments, Personal Finance

Business Model

B2B2C

Customer Profile

Subscription SaaS, Payment Processing Fee

AI Layer

Non-AI

Keywords

neobank for Latinospayroll platforminternational remittancesB2B2Cdigital bankingpayroll managementfintech for Latinosremittance appbanking for unbankedcross-border paymentspayroll for SMBsFDIC-insured bank accountsubscription SaaS

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Plata Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Plata Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series C4/16/2026
Accelerator6/11/2025
Accelerator3/11/2024

Plata Investors

Notable investors and investment history

InvestorRounds
Valor Capital GroupSeries C
Washington University Investment Management CompanySeries C
TechstarsAccelerator
Bicycle CapitalSeries C
Kora ManagementSeries C
Spice ExpeditionsSeries C
Plug & Play VenturesAccelerator

Market signals

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  • Apr 16, 2026

    $405M round led by Bicycle Capital.

Plata Filings

SEC and related filings with document metadata.

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Plata Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersUnited States
Year Founded2022
Last Funding4/16/2026

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