Stori, the Mexican FinTech unicorn, has announced a new round of equity and debt financing totaling US$212 million.
The total includes US$105 million in equity led by Notable Capital and BAI with participation from new and existing investors ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed Ventures and Tresalia – and US$107 million in new debt financing provided by Goldman Sachs and Davidson Kempner Capital Management LP.
This latest injection of capital will support the introduction and scaling of new and existing products, further strengthening Stori’s leadership position in Mexico.
“This investment will enable us to continue developing innovative solutions, through technology, that promote financial inclusion and education,” said Marlene Garayzar, CGO and Co-founder, Stori.
Bin Chen, CEO and Co-founder, Stori said: “This milestone has been made possible by the incredibly dedicated and world-class Stori team who tirelessly work to improve the lives of our users. We look forward to bringing our products and services to tens of millions of customers more.”
Hans Tung, Managing Director, Notable Capital: “Stori’s visionary approach to developing a comprehensive, finance-led, multi-product app, combined with its unwavering commitment to financial inclusion, positions it as a transformative leader in the region.”
Additionally, Stori has confirmed the hiring of Diego Cabrera Canay as CFO – bringing a wealth of experience from his previous roles as CFO at DLocal, VP of Finance at Mercadolibre and Senior Manager at PWC.