Stori to inject $383M into Mexico operations

Mexican fintech Stori, alongside Foreign Minister Alicia Bárcena, announced a $383M ($7B pesos) investment in Mexico over the next two years at the III Ministerial Conference on Feminist Foreign Policies.

“Stori’s investment aligns with Mexico’s Feminist Foreign Policy by promoting female empowerment in economic, political, social, and cultural spheres,” said Marlene Garayzar, Co-founder and Director of Governance at Stori.

With the funds, Stori will expand its presence in Mexico, enhance its products, and improve its digital infrastructure and financial inclusion programs.

Stori offers credit access to underbanked consumers, serving 3M clients. For 80% of these clients, Stori is their first formal financial service.

Read more on: Bloomberg

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