Colombian fintech Plenti raises $3M seed round led by Tether

Colombian fintech Plenti has successfully raised a $3 million seed round, with Tether leading the investment alongside Verda Ventures. The platform, based in Medellín, offers foreign exchange and investment services to both consumers and businesses, enabling international transactions and providing annual returns of up to 8% on account balances.

Users can invest as little as $6 in US stocks, ETFs, and crypto assets through Plenti. The recently acquired funds will be utilized to bolster operations in Colombia and expand into Peru and Bolivia. As of now, Plenti boasts over 150,000 active users and processes more than $3.1 billion in annual transactions across its B2B and B2C businesses.

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