StageLine of Credit | Alive
Last Raised$50M | 6 days ago
Stori offers digital financial services. It specializes in digital banking, credit card, and more. It enables customers to get access to credit digitally via a card and an embedded platform. The company was founded in 2019 and is based in Colonia Juarez, Mexico.
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Research containing Stori
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CB Insights Intelligence Analysts have mentioned Stori in 4 CB Insights research briefs, most recently on Jul 22, 2022.
Expert Collections containing Stori
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Stori is included in 4 Expert Collections, including Banking.
Unicorns- Billion Dollar Startups
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest Stori News
Jun 2, 2023
By Delisha Fernandes Share Stori, a Mexican FinTech unicorn, announced it has received an additional $50 million credit line from impact-focused debt capital provider Community Investment Management (“CIM”) and achieved a significant milestone by reaching 2 million credit card customers. “We are thrilled to have reached 2 million customers and to be positively impacting financial inclusion in Mexico. This number carries so much weight for us because many of our customers have never been granted credit before,” said Bin Chen, CEO and Co-founder of Stori. “And this significant new credit line from our partner, CIM, gives us more dry powder to deliver on our mission to democratise access to financial products and services for the underbanked population in Latin America.” CIM has provided Stori with an additional $50 million in debt financing to serve more customers. This is the second debt facility that CIM provides to Stori, and both parties are excited to deepen their strong partnership. “We are very proud of our partnership with Stori, one of Mexico’s most innovative and fast-growing companies in the FinTech sector,” said Jacob Haar, Managing Partner of CIM. “Stori is transforming financial services for underserved consumers in the country, and we are delighted to continue supporting their growth and success.” Another top investor agrees that Stori’s innovative approach to financial inclusion sets it apart from traditional banks. “Stori is solving an important problem not only in Mexico but throughout Latin America: financial inclusion. By leveraging technology, data, financial education, customer focus, and financial discipline, they have managed to solve key challenges beyond expectations to achieve its mission,” said Mercedes Bent, a partner at the venture capital firm Lightspeed Venture Partners. Previous Article Digital monthly issue Global coverage
Stori Frequently Asked Questions (FAQ)
When was Stori founded?
Stori was founded in 2019.
Where is Stori's headquarters?
Stori's headquarters is located at 213, 8th floor, Colonia Juarez, Colonia Juarez.
What is Stori's latest funding round?
Stori's latest funding round is Line of Credit.
How much did Stori raise?
Stori raised a total of $454.5M.
Who are the investors of Stori?
Investors of Stori include Community Investment Management, Vision Plus Capital, Lightspeed Venture Partners, GIC, Goodwater Capital and 8 more.
Who are Stori's competitors?
Competitors of Stori include Cooprogreso and 8 more.
Compare Stori to Competitors
Klar operates as a financial technology company. It offers a mobile application and a debit card that gives users full control of their money and the benefits of a credit card. The company was founded in 2019 and is based in Mexico City, Mexico.
Uala provides a neo-bank and personal financial management mobile application. Its services include transferring money, paying bills, loading credit on prepaid cell phones and transport cards, and more. The company was founded in 2017 and is based in Buenos Aires, Argentina.
Flink develops a consumer trading platform. It provides a platform for consumers to participate in the stock market by providing them with incremental investing options and a mobile-based interface to manage and invest money. It was founded in 2017 and is based in Roma Norte, Mexico.
Slight Pay offers a digital platform where consumers can purchase goods and pay in installments.
Atrato Pago develops a payment platform. It offers a way to pay for large expenses over a monthly bill cycle. The company was founded in 2019 and is based in Jalisco, Mexico.
Kueski operates as a consumer credit and lending company. Its products include Kueski Pay, a buy now, pay later option, Kueski Cash, a personal loans product, and Kueski Up, an interest-free earned wage advance. The company was founded in 2012 and is based in Jalisco, Mexico.
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