Banco Plata, S.A., Institución de Banca Múltiple is a fully licensed digital bank founded in 2023 and headquartered at Mariano Escobedo 476 in Mexico City. It operates 100% digitally, combining intuitive product design with advanced AI technology, and has built its platform around four technical domains: artificial intelligence, mobile app development, fintech and digital banking platforms, and product design. Its founders bring experience from Tinkoff, one of the world's most profitable digital banks.
Since launch the company has reached a valuation of $5 billion and more than 3 million active credit card users, becoming the largest private digital bank in Mexico by number of customers and the fastest-growing financial institution in Latin America - achievements reached in less than three years. Engineering work underpins a suite of consumer and business products: credit cards with cashback rewards of up to 15%, investment accounts, banking solutions tailored to PyMEs (small and medium enterprises), and the mobile application through which all products are accessed.
The bank's stated aim is to become the primary financial platform for Mexican consumers, including the underbanked, and to transform the way Mexicans interact with money. It prioritises security, transparency and customer-centric innovation, and runs fully digital operations while maintaining personalised customer service. Industry verticals span banking, financial services, fintech, consumer credit and small and medium enterprises across Mexico and Latin America.
