Plata
The Tinkoff playbook replayed in Mexico: proprietary core banking + AI risk engine built by 800 STEM hires, 750K first-time cardholders, $800M loan book — LatAm's most valuable private digital bank three years after founding.
Ex-Tinkoff team; fastest digital bank ever to $600M annualized revenue — full Mexican license as Banco Plata (Mar 2026), 3.5M+ credit-card customers.
- Who holds it
- The company itself — it holds a full banking licence — Full Mexican bank license (Banco Plata, Mar 2026); Colombia Compañía de Financiamiento authorized.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Plata’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI underwriting in production |
| HQ | Mexico City, MX |
| Founded | 2023 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Full Mexican bank license (Banco Plata, Mar 2026); Colombia Compañía de Financiamiento authorized |
| Card | MC · Credit + debit |
| Cashback | Cashback |
| Yield | Interest on deposits |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Mexico |
| Founders | Neri Tollardo (CEO) + ex-Tinkoff team |
| Funding | $405M Series C at $5B (Apr 2026, Bicycle Capital, QIA, BTG Pactual) — $2B+ debt & equity total |
Verified links: official site ↗ · terms ↗ · @bancoplatamx ↗
Common questions about Plata
What is Plata?
Plata is a fiat neobank, headquartered in Mexico City, MX and founded in 2023. Your money is held custodially, so Plata or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Full Mexican bank license (Banco Plata, Mar 2026); Colombia Compañía de Financiamiento authorized).
Does Plata have a card, and where can you use it?
It issues a Mastercard credit and debit card. It is available in Latin America.
Does Plata require KYC?
Yes. Plata requires identity verification (KYC) to open an account, as a licensed bank.
What does Plata cost?
From the verified fields: cashback Cashback; yield Interest on deposits. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Plata before relying on them.
Early investors
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Plata appears in
Neobanks that hold their own banking license (132) · Neobanks available in Latin America (114) · Neobanks that issue a Mastercard (150) · Neobanks in Mexico (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.