By Zoran Temelkov July, 2022
Stori, Mexico City-based fintech, reached unicorn status after its latest funding round with a valuation of $1.2 billion. After completion of the Series C-2 funding round, Stori secured a total of $150 million, $50 million in equity funding, and $100 million in debt capital.
The equity investment comes from BAI Capital, GIC and GGV Capital, and other existing and new investors, like Lightspeed Venture Partners, Goodwater Capital Vision Plus Capital, General Catalyst, Tresalia Capital, and Davidson Kempner Capital Management. Moreover, Davidson Kempner, an alternative investment management firm, participated in the process of securing a $100 million debt facility for Stori.
The company will use the funds to accelerate the company growth, increase its presence across Latin America and broaden its product offerings for underbanked clients.
Founded in 2018, Stori offers credit card products and services to the underserved population in Mexico, and its customer base has more than 1.4 million customers.