Why this matters

We grew up watching our neighbors navigate systems that weren’t built for them—long lines, high fees, and endless manual processes. Today, despite all the innovation, Latinos are still locked out of financial opportunity:

10.2 million

Every week, over 10.2 million people send money to LATAM.

60%

Still use cash, leading to higher costs, longer waits, and less security.

6 million

Latino workers remain unbanked, keeping employers and employees tied to costly, outdated systems.

Behind every number is a family working hard, waiting longer, and paying more than they should.

The problem

Money should not be this hard

Latino field & service businesses and workers face outdated, manual, and costly systems that weren’t designed for them.

The challenges may look different at each level, but they’re connected—and the result is the same: financial growth is blocked for everyone.

For Businesses

      Language barriers
Manual work, costly mistakes
Chasing hours takes time
Paydays are a headache

For Workers

      Hard to get paid
Costly to send money home
Long check cashing lines
Hidden, high fees

How financial stress impacts productivity:

28%

        Of workers run out of money between paychecks
      
49%

        Find it difficult to meet household expenses on time
      
56%

        Stressed workers spend 3+ hours per week dealing with money issues
      
1 in 3

        Workers say financial stress directly impacts productivity
      
2x

        Financially stressed workers are more likely to be job hunting
      
73%

        Of workers choose an employer who cares about financial wellness

    This means:

    For every 100 employees, you're
    losing 168+ productive hours weekly
    or 4.2 full time employees.

The solution

Financial Access Starts at Payday

We realized what others failed to see: payday is the root of financial access. By making it easier for employers, we unlock better financial opportunities for workers and their families.

From hours worked to money sent home, miPlata connects every step, making it affordable, simple, fast, and safe for everyone.

The approach

How we make plata simple

Money in our community moves through too many disconnected steps—timekeeping, payroll, banking, and remittance. Each adds cost and confusion.

miPlata brings them all together. No setup, no juggling accounts, no separate transfer service. Money flows simply, all in one place.

miPlata Card

70%

Saved on remittance costs compares to Western Union or Moneygram

$300

Saved per employee per month with accurate time tracking

$3.15

Saved per employee per pay period by eliminating physical paychecks

100%

Of check cashing fees eliminated with miPlata Card

Explore miPlata Card

Savings with miPlata: