Camila designs websites for clients in the United States and Europe, but she lives in Medellín, Colombia, where every dollar she earns has to survive a trip through a shrinking peso. Exchange fees and inflation quietly chip away at what she gets paid before she ever spends a cent of it. Plenti digital dollar accounts exist to close exactly that gap, and this month Tether decided to back the company with $3 million to scale the idea across Latin America.
Plenti, founded in Medellín in 2022 by Martín Peláez, Nicolás Zuleta, and Sebastián Correa, just closed a $3 million seed round led by Tether, with Verda Ventures and Platanus Ventures joining in. The company already moves more than $3.1 billion a year for its 150,000-plus active users. Peláez put the scale in blunt terms: “We raised $3 million for an operation that already moves more than $3.1 billion a year.”
How Plenti Digital Dollar Accounts Work
The app lets people hold balances in dollars, euros, or pesos instead of funneling every paycheck through one currency that keeps losing value. Account holders earn up to 8% a year just for keeping money parked in the app, and they can top up those balances instantly through Bre-B, Colombia’s new instant payment rail, instead of waiting two or three days for a bank wire to clear. A linked Visa card works in more than 200 countries, so spending abroad doesn’t require a separate currency swap at checkout.
For freelancers, remote workers, and small business owners, that combination solves a headache they deal with constantly. A designer paid in dollars no longer has to guess whether this week’s exchange rate beats next week’s. Someone running a small import business can hold dollar balances to pay overseas suppliers without opening the kind of offshore account most banks make nearly impossible for an individual to get.
Plenti isn’t alone in chasing this problem. Kravata’s zero-fee payment rails already move instant dollars around the region, and Argentine families have turned to stablecoin savings to protect their pesos from a currency that keeps losing ground. What sets Plenti apart is the bundle: saving, investing, and spending, built on one payment rail instead of three separate apps.
Small Investments Open Up Too
Plenti also lets users invest as little as $6 in U.S. stocks, exchange-traded funds, digital gold, and crypto assets. That $6 floor matters in a region where minimum investment amounts have historically shut out anyone without serious savings to begin with. A delivery driver or a street vendor in Medellín can now put spare change into something other than cash that loses buying power every month it just sits there.
Where the Money Goes Next
Plenti plans to spend the new funding deepening its Colombian business and pushing into Peru and Bolivia, two countries wrestling with the same currency swings and dollar-access problems that shape Camila’s routine. If the expansion mirrors what happened in Colombia, hundreds of thousands more people across the Andes could get a simple way to hold, save, and spend dollars without ever opening a bank account abroad.
Remittance apps are chasing a similar prize elsewhere in the region. Migrant families sending money home have already seen transfer fees drop through comparable stablecoin rails, and the pattern keeps repeating: wherever a shaky currency meets a fast digital dollar rail, everyday savers come out ahead.
Source: CFOtech Australia, September 8, 2026