Stori Card, a leading force in the Latin American fintech landscape, has successfully raised $105 million in its latest funding round, bringing its total investment to a remarkable $250 million. With a clear mission to democratize credit access for the 400 million underbanked consumers across Latin America, Stori is revolutionizing how individuals in the region engage with financial services. Currently operating in Mexico, the company boasts an impressive portfolio, having garnered over two million applicants for its credit card product since its launch. This recent influx of funding will be pivotal for Stori as it seeks to expand its product offerings and enhance its digital banking solutions, ultimately promoting greater financial inclusion in a region that is ripe for innovation.
Backed by an illustrious roster of global venture capital firms, including GGV Capital, GIC, and Lightspeed Venture Partners, the company is well-positioned to leverage this new capital for strategic growth initiatives and market expansion. The strength of Stori lies not only in its substantial financial backing but also in its exceptional founding team, which boasts over 100 years of combined experience in consumer finance, technology, and banking from reputable institutions such as Mastercard, Intel, and HSBC. As Stori looks to deepen its footprint in Mexico and beyond, the infusion of this substantial funding will enable the team to continue developing innovative financial products that better serve the needs of underserved populations, helping pave the way toward financial empowerment across Latin America.
