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Ramp Hits $40B & Plata's Banking License Bet | May 2025
Audio is available on Spreaker — see link below.
Fintech valuations surge as Ramp's stablecoin-native treasury platform targets $40B and Mexico's Plata secures a banking license on the back of a $405M Series C. Today's briefing unpacks what these bets on unproven infrastructure really mean for corporate finance and emerging markets.
Audio is available on Spreaker — see link below.
Ramp is raising around seven hundred fifty million dollars at a valuation above forty billion, and the story isn't just the number. It's what's driving it.
The broader stablecoin market has crossed three hundred billion dollars in total value. Dollar-pegged tokens are now projected to handle more than three percent of US dollar payments this year.
The Brex comparison is worth sitting with. Capital One acquired Brex for five point one five billion dollars.
Shifting to Latin America. Plata, the Mexico-based fintech founded by Oleg Tinkov, has closed a four hundred five million dollar Series C, pushing its valuation to five billion.
The thread connecting all of this is valuation discipline meeting infrastructure ambition. Ramp's forty billion number only holds if stablecoin adoption in corporate treasury moves faster than regulatory friction accumulates.
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