Plenti has raised $3 million in a seed round led by Tether, the issuer of the USDT stablecoin, with participation from Verda Ventures. The new capital will be used to consolidate Plenti’s operations in Colombia and finance its expansion into Peru and Bolivia. The company reports more than 150,000 active users and annual transaction volume exceeding $3.1 billion across its B2B and B2C divisions.
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’s expansion and product offering
Plenti offers a global multicurrency account for individuals and businesses that supports USD, EUR and COP. Its product set includes international transactions, the ability to fund international brokerage accounts without SWIFT fees, a multicurrency Visa card, yield on balances of up to 8% EA, and fractional investing starting at $6 in U.S. exchange‑listed stocks, ETFs, digital gold and crypto assets. The company competes in the multicurrency accounts and retail investment category with platforms such as ARQ (formerly DolarApp), Littio and Bitso.
Company background and funding rationale
Founded in 2022 in Medellín by Martín Peláez, Nicolás Zuleta and Sebastián Correa, Plenti is a member of Colombia Fintech and is backed by investors including Tether, Verda Ventures and Platanus Ventures. “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. More information is available at plenti.com.co.
