What is Stori?
Stori operates as a transformative technology company within the Latin American fintech sector. Its core value proposition centers on democratizing access to financial services, offering a suite of digital products that simplify personal finance management. By providing credit cards and savings accounts to underserved populations, Stori has established itself as a critical player in the regional financial inclusion movement. The company leverages proprietary technology to assess creditworthiness and deliver seamless user experiences, effectively positioning itself as a primary challenger to legacy banking institutions in Mexico.
How much funding has Stori raised?
Stori has raised a total of $654.5M across 8 funding rounds:
Series A
$10M
Multiple Rounds
$232.5M
Other Financing Round
$150M
Debt
$50M
Debt
$107M
Private Equity
$105M
Series A (2020): $10M with participation from Vision Plus Capital, Source Code Capital, and Bertelsmann Investments
Series B (2021): $32.5M led by Lightspeed Venture Partners, Bai Capital, and Source Code Capital Companies
Series C (2021): $125M supported by GGV Capital, Tresalia Capital, General Catalyst, GIC, and Goodwater Capital
Debt (2021): $75M featuring Community Investment Management
Other Financing Round (2022): $150M backed by Lightspeed Venture Partners, Bai Capital, and Davidson Kempner
Debt (2023): $50M with participation from Community Investment Management Services
Debt (2024): $107M led by Davidson Kempner and Goldman Sachs
Private Equity (2024): $105M supported by Bank Administration Institute, Lightspeed Venture Partners, Notable Capital, and General Catalyst
Key Investors in Stori
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that raises dedicated funds and invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, leveraging deep sector expertise to accelerate growth.
Davidson Kempner
Davidson Kempner Capital Management is a global investment firm that specializes in managing a diverse range of investment strategies across both public and private markets, utilizing a research-driven approach to identify complex opportunities.
What's next for Stori?
Looking ahead, Stori is well-positioned to leverage its recent capital influx to deepen its product penetration and expand its technological infrastructure. The strategic focus will likely shift toward enhancing its credit risk modeling capabilities and diversifying its service offerings to capture a larger share of the consumer wallet. As the company matures, the integration of advanced data analytics and potential geographic expansion could serve as the next catalysts for growth. With the continued support of its institutional backers, Stori is poised to maintain its trajectory as a leader in the digital transformation of the Mexican financial landscape.
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