Plata Hits $5 Billion Valuation in Bicycle Capital-Led Funding

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Plata raised $405 million in a new funding round that values the Mexican fintech at $5 billion — the most in Latin America for a privately-held financial services firm.

The Series C round was led by Bicycle Capital, according to a statement. It also included Kora, Qatar Investment Authority and BTG Pactual.

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