- Fintech Wire
- Posts
- 🚀 Plata raises $160M
🚀 Plata raises $160M
Mexico’s newest fintech unicorn!
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
🚀 Plata raises $160M—Mexico’s newest fintech unicorn!
🏦 Nationwide supercharges credit approvals with AI.
🎤 What top fintech leaders are predicting for 2025.
📅 The must-attend fintech events this month!
Plata, a Mexican fintech startup, just hit unicorn status! Founded in 2022, Plata offers "Buy Now, Pay Later" (BNPL), cashback, and credit card services to millions of users.
🚨 Breaking News:
Plata raised $160 million in Series A funding, skyrocketing its valuation to $1.5 billion and securing its place among Latin America's top fintech players.
⚡ Wire Simplified:
Plata secured $160 million in funding.
Investors include Kora and Moore Strategic Ventures.
Now valued at $1.5 billion.
Recently transitioned to a licensed banking institution.
Over 1 million active credit card users.
✔️ Straight to the Point:
Plata's unicorn status signals huge investor confidence in digital banking, proving that fintech innovation in Latin America is on fire.
🎤 Do you think Plata’s services will shake up banking in Mexico? |
FROM OUR FOUNDER…
The Smartest Way to Grow Your Newsletter 🚀
Tired of low-quality subs and wasted ad spend? I’ve scaled AI, fintech, SaaS, and multiple niche specific newsletters with real, engaged and high intent subscribers. Would love to do the same for you!
✅ 50%+ open rates—no bots, no junk leads.
✅ No ad management fees—just pay per engaged subscriber.
✅ First-party data & proprietary methods ensure quality.
✅ Risk-free scaling—we’ve built and grown newsletters ourselves.
📩 Want high-intent subscribers that actually engage? Let’s talk.
Nationwide, the world’s largest building society, has teamed up with FICO (yep, the credit score experts!) to improve credit decisions for millions of users.
🚨 Breaking News:
Nationwide has upgraded its credit risk system with FICO’s cloud-powered AI, making loan approvals, credit card decisions, and mortgage applications faster and smarter.
⚡ Wire Simplified:
Nationwide processes 1.5M credit decisions every month.
FICO’s platform cuts decision update times by 50%.
Instant credit limit adjustments are now possible.
Uses external data for smarter affordability checks.
Overdrafts and credit line increases coming in 2025.
✔️ Straight to the Point:
Nationwide’s shift to cloud-based decision-making is a win for efficiency, helping both customers and the bank make faster, more accurate financial choices.
I have now increased my prediction of AGI arriving this year to a 97% probability, up from 90% a month ago. That’s all I can say for now…
— Derya Unutmaz, MD (@DeryaTR_)
1:21 AM • Mar 13, 2025
AI struggles with messy, conflicting, ever-changing data. Today's AI ranking methods can't prioritize clearly, because they lack human guidance. Introducing the world's first instruction-following, SOTA reranker!
Give our reranker instructions to control exactly how it ranks:
•… x.com/i/web/status/1…— Douwe Kiela (@douwekiela)
4:01 PM • Mar 11, 2025
Fintech Week London 2025
Fintech Week London is a week-long event that brings together FinTech leaders, startups, and investors to discuss the latest trends and innovations in the industry. The event features conferences, workshops, and networking opportunities.
Date: July 7–11, 2025 | Location: London, UK
What do you think about today’s edition? |
Was this forwarded to you? Sign up here.
Fintech Wire News.
Signing off