Mexican fintech company Plata, founded by former top managers of the Russian bank Tinkoff (now T-bank) has agreed to invest up to $500 million in the investment. This is stated in the <a href="https://www.prnewswire.com/news-releases/plata-arranges-financing-for-up-to-us500-million-by-nomura-marking-it-as-the-largest-funding-for-a-mexican-fintech-platform-302642264.html">report of</a> the startup.

Plata, a startup founded by former top managers of Tinkoff, has raised $500 mln

Nu Holdings Ltd.

Two fintech companies founded by Russian natives have become direct competitors in the Mexican banking market. They are Nikolay Storonsky's Revolut neobank and Plata Card, a startup by former top managers of Tinkoff Bank with investments from the bank's founder Oleg Tinkov and Baring Vostok founder Michael Calvey. Both companies have received full banking licenses from the national regulator, are focused on aggressive growth and are seeking IPOs. What will they fight for and what challenges might they face in Mexico?

Battle for Eldorado: what will Plata and Revolut fight for in Mexico?

MercadoLibre, Inc.

Brazilian fintech Nubank, marketplace MercadoLibre and startup Plata, founded by former top managers of Tinkoff, operate in the same marketplace

Revolut has obtained a full banking license in Mexico. Why is this market important?

Mission Produce, Inc.

Avocados have <a href="https://www.washingtonpost.com/news/wonk/wp/2015/01/22/the-sudden-rise-of-the-avocado-americas-new-favorite-fruit/">been called the</a> favorite fruit of Americans. The global avocado market will reach $19.8 billion in 2025 and grow to $30.2 billion by 2032, representing <a href="https://www.persistencemarketresearch.com/market-research/avocado-market.asp">a</a> compound annual growth rate (CAGR) of 6.2%, according to Persistence Market Research. However, long before Instagram breakfasts and health promotion, entrepreneur Steve Barnard saw the potential of delicious, ripe avocados and figured out how to capitalize on it. That's how Mission Produce came to be: a company with a capitalization of about $880 million that puts ripe avocados on store shelves.