Plata Secures Up to $500 Million Nomura Facility in Mexico’s Largest Fintech Private-Credit Deal

Overview

• Nomura Securities International arranged the facility of up to $500 million, which Plata characterizes as a record for a Mexican digital finance company.
• Plata reports that cumulative institutional financing now exceeds $1.6 billion following the new arrangement.
• An October equity round of $250 million doubled the company’s valuation to $3.1 billion, reinforcing its balance sheet ahead of bank operations.
• The company serves more than 2.5 million active customers in Mexico, employs over 3,000 people including 500+ engineers, and says it has invested more than $1 billion locally.
• Plata cites prior backing from investors across the United States, Europe, Japan, and Latin America, with earlier financings involving Fasanara Capital, Lumina Capital, and a Nordic bond issuance.