Fintech Plata, which already operates as a bank in Mexico, obtained operating authorization from Colombia's Superintendencia Financiera, making the country its second base.
Plata received authorization from the Superintendencia Financiera, allowing it to advance the launch of its operations in the Colombian market. Colombia becomes the second country where the entity has a presence, after Mexico.
“Receiving authorization from the Superintendencia Financiera is recognition of our effort to build a solid entity from its foundations. We are working with total dedication to finalize our preparation and ensure that, in a very short time, we will be providing Colombians with a simple and secure way to manage their finances,” said Felipe Lega, president of Plata.
With the approval, the entity enters the final stage of technological preparation, which includes infrastructure integration, security tests and connection with strategic allies. The company plans to offer debit, savings and credit products through digital processes.
Plata is the fastest-growing financial institution in Latin America. In less than three years it reached a valuation of US$5,000 million and has four million active clients, backed by more than US$2,000 million in investment.