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Plenti has raised a USD $3 million seed round led by Tether to fund expansion beyond Colombia.
Medellín-based fintech Verda Ventures also participated in the financing. Plenti will use the funds to deepen its position in Colombia and expand into Peru and Bolivia, which it views as markets with similar demand for dollar-based savings and payment products.
The investment gives Tether a direct stake in a Latin American consumer fintech as stablecoin groups move beyond token issuance and market infrastructure into ownership positions in retail-facing platforms. Tether, the issuer of USDT, the largest stablecoin by market value, reported about USD $184.6 billion of the token in circulation at the end of the second quarter of 2026.
Plenti now has more than 150,000 active users and annual transaction volume above USD $3.1 billion across its business and consumer units. That compares with more than USD $800 million in transactions and 100,000 users at an earlier stage of growth.
Founded in 2022 by Martín Peláez, Nicolás Zuleta and Sebastián Correa, the company focuses on helping users hold, move and invest money in foreign currencies without opening offshore bank accounts. Its app supports transactions in US dollars, euros and Colombian pesos, and also offers access to tokenised gold.
Users can fund international brokerage accounts through platforms including Interactive Brokers, Charles Schwab, eToro and XTB. Plenti also offers a multicurrency Visa card that can be used in more than 200 countries.
Regional push
Latin American fintechs have increasingly built products around demand for access to the US dollar, particularly in countries where inflation, exchange-rate swings and political uncertainty have weakened confidence in local currencies. That has created room for app-based providers offering multicurrency balances, cross-border transfers and investment products to consumers and small businesses.
Plenti competes in that market with players including ARQ, formerly DolarApp, Littio and Bitso. Its products include international transfers, fractional investment in US-listed shares and exchange-traded funds, crypto assets and Tether Gold, as well as yield on account balances.
The company has also connected to Bre-B, Colombia's real-time payments rail, for real-time dollar recharges. The link is part of its effort to distinguish itself from rivals that still depend on slower transfer systems.
Expansion into Peru and Bolivia will test whether the growth Plenti achieved in Colombia can carry into neighbouring markets. Both countries have seen steady interest in dollar-denominated financial tools, although customer habits, regulation and competitive conditions vary.
Investor signal
Tether's backing is likely to draw attention because of the size of its stablecoin business and its growing role in financial services beyond crypto trading. An equity investment in a retail fintech suggests a closer interest in how digital dollars are used by ordinary savers and businesses in markets where demand for alternatives to local currency remains strong.
Plenti's model centres on combining payments, currency exchange and investing in a single app. It also offers fractional access to assets that have traditionally been harder for smaller savers to buy directly, including gold.
Peláez said the funding was intended to support growth outside the home market rather than meet an immediate need in Colombia.
"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.
He added that the company was already operating at scale before the fundraising.
"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.
Alongside its financial products, the group publishes educational material on currency risk, cross-border investing and the treatment of dollar income for remote workers and freelancers. It has also published commentary on interest rates, inflation and the effect of US monetary policy on the Colombian peso.
Plenti is a member of Colombia Fintech, the country's industry association, and says its app holds a 4.8-star rating on both Apple's App Store and Google Play.