Mexican fintech unicorn Stori raised $212M between debt and equity. Notable Capital and BAI led the $105M equity portion, with participation from ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed, and Tresalia. Goldman Sachs and Davidson Kempner Capital Management led the $107M debt side.
Stori will use the funds to accelerate growth, launch new products, and further develop existing ones.
Stori offers financial services targeted to the underserved population, assisting customers that lack access to traditional financial institutions, helping them to build credit history. Products include a credit card with a 99% approval rate and a high-yield savings account connected to a digital wallet.
“From the beginning, we recognized an unfair gap in Mexico’s traditional financial system, which has historically served only certain sectors of the population. This investment will enable us to continue developing innovative solutions through technology, promoting financial inclusion and education,” said Marlene Garayzar, Stori’s Co-Founder and Chief Governance Officer.
Founded in 2019, Stori currently serves over 3M clients in Mexico.