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The Stori Card has raised $ 125 million to bring financial inclusion to Latin America


Stori Card, a fintech startup based in Mexico City, was created $ 125 million to customers who do not have the financial support to provide digital financial services.

The high-subscription C-series round, the largest ever for a Latin American startup, was led by global VC GGV Capital and growth-phase GIC investors. Companies such as General Catalyst, Goodwater Capital and Tresalia Capital also took part in the round, bringing the total funding raised by Stori to $ 200 million. Hans Tung, managing partner and board member of GGV Capital, said about the startup:

“The Stori team is a perfect example of an experienced team to solve a major local challenge that brings global thinking. Using the power of technology to change the lives of hundreds of millions of massive markets and middle-income consumers, Stori has created a different product that is well-suited to serve Mexico’s largest consumer market. We are pleased to be collaborating with the entire Stori group, which continues to grow in order to serve more consumers in the Spanish-speaking world ”.

Founded in 2019. Stori was created to create new financial opportunities for those who have historically had no access to them in Latin America’s second largest economy. It has been one of the fastest growing markets in the region fintech As a result of more than 400 million customers, startups in recent years. Bin Chen, CEO and co-founder of Storico, said of his plans to expand into the startup region:

“The Stori team is a perfect example of an experienced team to solve a major local challenge that brings global thinking. Using the power of technology to change the lives of hundreds of millions of massive markets and middle-income consumers, Stori has created a different product that is well-suited to serve Mexico’s largest consumer market. We are pleased to be collaborating with the entire Stori team as they continue to grow to serve more consumers in the Spanish-speaking world. ”

In the last 8 months, Stori has requested more than 2 million Mexican users for its card, which has grown more than 10 times in the last year. Startups seek to sustain this growth by investing heavily in staff training and development opportunities to foster innovation.



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