Stori Secures $50M to Democratize LatAm Credit Access

Stori, a fast-growing financial technology company dedicated to democratizing credit access for underbanked consumers, has secured $50,000,000 in new investment capital from investors. This funding round underscores the company's progress in its mission to serve the 400 million underbanked individuals across Latin America, primarily operating in Mexico. Since its launch, Stori has rapidly emerged as a leading digital bank in Mexico, attracting over two million applicants for its credit card product. The company's business model is centered on providing accessible credit solutions to a market segment traditionally underserved by conventional financial institutions. This latest infusion of capital brings Stori's total funding raised to date to $300,000,000, solidifying its position as one of the top-funded startups in the region. The newly raised funds are planned to fuel Stori's continued growth initiatives, including expanding its customer base, enhancing its product offerings, and strengthening its technological infrastructure within Mexico. Stori benefits from a highly experienced founder team, leveraging over 100 years of accumulated expertise in consumer finance, banking, and technology from global institutions such as Mastercard, Intel, and Capital One. The company is already backed by prominent global venture capital funds, including GGV Capital, GIC, Lightspeed Venture Partners, General Catalyst, Goodwater Capital, Mexico's Tresalia Capital, Vision Plus Capital, BAI Capital, and Source Code Capital, all of whom have a track record of investing in successful startups. With this significant financial backing, Stori is well-positioned to further scale its operations and deepen its market penetration. The company remains committed to its core objective of bridging the credit gap for millions, aiming to empower more consumers with essential financial tools and drive financial inclusion across Latin America.