Colombian FinTech platform Plenti has raised $3 million in a seed funding round led by Tether with participation from Verda Ventures.
Plenti has built a global multicurrency account used by more than 150,000 people and businesses across Colombia to move digital dollars, fund international brokerage accounts, and invest fractionally in U.S. stocks and crypto assets.
Founded in 2022, the platform has processed more than $3.1 billion in annual transaction volume to date. Having proven the model in Colombia, Plenti is now expanding into Peru and Bolivia.
The company plans to use the funds to consolidate its operations in Colombia and finance its expansion into Peru and Bolivia.
Tether’s investment comes as digital dollar platforms gain ground across Latin America amid continued volatility in local currencies. As of the end of the second quarter of 2026, Tether reported approximately $184.6 billion in USDT in circulation, representing more than 60% of the global stablecoin market.
“Having Tether come in now as an investor validates what we’ve built and lets us strengthen the platform’s liquidity and security to bring this model to more markets in Latin America,” said Martín Peláez, co-founder and CTO of Plenti.
Plenti competes in the multicurrency accounts and retail investment category alongside platforms such as ARQ (formerly DolarApp), Littio and Bitso. Its offering includes international transactions, yield on balances of up to 8% EA, and fractional investing starting at $6 in U.S. exchange listed stocks, ETFs and crypto assets.
“We raised $3 million for an operation that already moves more than $3.1 billion a year. We didn’t need capital to grow in Colombia, we raised it to accelerate and bring the model to new markets,” Peláez said.
The above article “Plenti Raises $3M From Tether, Verda Ventures to Expand Across Latin America” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/plenti-raises-3m-seed-funding-tether-verda-ventures/
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