Mexican Fintech Stori Raises $150 Million, Becomes Unicorn

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Cooley LLP
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Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.
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.
Mexico Technology
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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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Mexican Fintech Stori Raises $150 Million, Becomes Unicorn

Mexico Technology
Contributor
Cooley LLP logo
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.
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