Mexican fintech Stori has successfully secured $212 million in a strategic mix of equity and debt financing, marking a significant milestone for the company and its future growth trajectory. The funding round, led by a consortium of high-profile investors, including both venture capital and institutional lenders, is set to bolster Stori’s capabilities and broaden its reach in the rapidly evolving financial technology sector.
The financing package includes $150 million in equity from notable investors such as General Catalyst, Coatue Management, and GGV Capital, alongside $62 million in debt financing from leading financial institutions. This diverse funding approach is designed to fuel Stori’s expansion plans and enhance its product offerings, particularly its digital credit card services aimed at underserved populations in Latin America.
Founded in 2018, Stori has made significant strides in providing accessible financial solutions to a growing customer base. The new capital will be instrumental in scaling operations, investing in advanced technology, and accelerating customer acquisition efforts. The company plans to leverage this funding to enhance its digital platform, integrate advanced analytics for personalized financial products, and strengthen its market presence across the region.
The successful financing round underscores investor confidence in Stori’s business model and growth potential. As Latin America continues to experience a surge in fintech adoption, Stori is well-positioned to capitalize on these trends and drive financial inclusion across the continent.