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Surprise Backers of Mexico’s Fintech Unicorn Plata Revealed

Summary by Citybiz
Michael Calvey, the private equity investor best known for betting on some of the world’s most successful tech firms when they were still early-stage startups, is now backing Plata, a Mexican digital bank that recently crossed the $1.5 billion valuation mark. Calvey, who co-founded and led Baring Vostok, one of Eastern Europe’s largest and most influential private equity firms, has been advising Plata together with serial tech entrepreneur Oleg …
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citybiz broke the news in on Monday, July 28, 2025.
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