Stori rakes in $200 million to advance financial inclusion for underserved consumers

ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, November 16 — Traditional banks have excluded hundreds of millions of people in Mexico and the rest of Latin America from access to financial services, especially credit.

Since 2019, more than 20 million underserved consumers have applied for credit cards from Mexico City-based Stori to help them build credit. The company is looking to expand its bag of financial services and broaden its reach in Latin America.

The $125 million Series C equity round was led by GGV Capital and GIC. Community Investment Management provided $75 million in debt.