Mexican fintech startup Stori raised $212 million in its latest investment round. The investment consisted of $105 million in equity and $107 million in debt financing. This major investment has propelled Stori to unicorn status. The investment will allow Stori to develop new products and expand its existing services. The company aims to increase financial inclusion in Latin America and give more people access to financial services.

Stori 

The $50 million in debt financing provided by Community Investment Management (CIM) will support Stori in transforming its financial services. Founded in 2019, Stori already has 2 million credit card customers. The company offers low-limit credit cards and high-yield savings accounts. It also plans to launch investment services. Bin Chen, CEO and co-founder of Stori, has previous experience at major financial institutions such as PayPal and Mastercard. Mariana Islas, the other co-founder and COO, has an extensive background in the financial technology and banking industries. This experienced management team drives Stori's strategic vision and operational efficiency. Stori uses artificial intelligence and machine learning technologies to provide fast and secure service to its customers. These technologies optimize credit assessment processes and risk management. It also provides a user-friendly experience through the mobile application, allowing customers to easily manage their financial situation.

Stori organizes various programs to increase financial literacy. It provides financial education materials and resources to its customers, encouraging them to make more informed financial decisions. The Company implements policies that support gender equality and aims to increase women's access to financial services. Stori's investors include well-known venture capital firms such as Sequoia Capital, Lightspeed Venture Partners and GGV Capital. These investors demonstrate their belief in Stori's growth potential and provide strategic support to the company. Financial product penetration in Mexico is just over 50%. Stori competes with other fintech companies such as Nubank and Uala.

Stori focuses particularly on individuals with limited access to banking services. This strategy enables it to reach a large and underserved customer base. By offering low fees and flexible credit limits, the company has been able to attract a broad customer base. Stori distinguishes itself from its competitors with its emphasis on customer service and innovative product offerings. Its user-friendly mobile application and fast loan approval processes are important factors that increase customer satisfaction. Stori plans to develop new financial products and expand its existing range of services with the funding. The company's mission is to increase financial inclusion in Latin America and give more people access to financial services.