Mexico:
Mexican Fintech Stori Raises $150 Million, Becomes Unicorn
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Reston – July 27, 2022 – Cooley
advised Stori, a rapidly growing fintech company offering credit
card products to Mexico's underserved population, on its latest financing
round of $150 million, which values the company at $1.2
billion. Stori now joins the ranks of the few Mexican startups that
have reached unicorn status. Lawyers Mike Lincoln, Eddie Sniezek
and Jennifer Don led the Cooley team advising Stori.
Proceeds from this latest financing round will be used to invest
in the growth of the team and extend product offerings beyond the
credit card. The company also plans to expand its geographic reach
across Latin America to target 100 million consumers who lack
banking options.
Founded in 2019 and headquartered in Mexico City, Stori has a
mission to expand credit card access for underserved populations.
The company leverages a mobile-first model and global best
practices in product design and underwriting to meet its
customers' needs. With Stori, consumers have access to a
universally accepted digital payment card and to fair credit.
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