Mexican fintech unicorn Stori has successfully secured $212 million through a combination of equity and debt financing.
The financing round comprises $105 million in equity, spearheaded by Notable Capital and BAI, with contributions from both new and existing investors, including ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed Ventures, and Tresalia. Additionally, the company has obtained $107 million in new debt financing from Goldman Sachs and Davidson Kempner Capital Management LP.
Stori is focused on addressing the financial needs of Mexico’s underserved population, providing credit cards and deposit accounts to its three million customers. Marlene Garayzar, Co-founder and Chief Growth Officer of Stori, stated, “This investment will empower us to keep innovating solutions through technology that foster financial inclusion and education.”
In 2020, Stori introduced its inaugural credit card product aimed at individuals often neglected by traditional banking services. Most recently, in October 2023, following the approval of its Sofipo regulatory license, the company launched Stori Cuenta+, a deposit account featuring a leading market yield.
The firm attained unicorn status in 2022, following a $50 million equity funding round that elevated its valuation to $1.2 billion.