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Home Credit Mexican Credit score Card Startup Reaches $1.2B Valuation

Mexican Credit score Card Startup Reaches $1.2B Valuation

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Mexican Credit score Card Startup Reaches $1.2B Valuation

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By Elaine Briseño (July 15, 2022, 3:13 PM EDT) — Bank card supplier Stori SA de CV has joined the ranks of billion-dollar Mexican startups with a $150 million funding spherical that valued the corporate at $1.2 billion, Stori introduced Friday.

The fintech mentioned the spherical features a $50 million fairness funding from BAI Capital, GIC Non-public Ltd. and GGV Capital. Different traders included Lightspeed Enterprise Companions, Normal Catalyst, Imaginative and prescient Plus Capital, Goodwater Capital, Tresalia Capital and Davidson Kempner Capital Administration LP.

Stori was began in 2018 and provides bank cards to what it calls underserved populations, together with those that want a card to assist construct their credit score historical past.

“Stori’s skill…

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