Stori Card is a banking startup that provides Mexican consumers with financial services with the use of technology.
Stori’s mission is to build a digital bank in Latin America and provide equal access to compelling financial products and services.
Stori was founded in 2019 by Marlene Garayzar and Manuel Medina. The company is headquartered in Ciudad de México, Mexico, with offices in Arlington, Virginia and China.
Stori offers every customer the chance to obtain a credit card and build their credit history with no complicated paperwork, no credit history, and no annual fee. The entire user experience – from applying for the card to paying bills – is carried out through the mobile app.
Stori is fully-tech enabled and leverages global best practices in product design and underwriting to meet the needs of underserved customers in Latin America.
Stori has already become a top issuer of new credit cards in Mexico, with more than more than 1.4 million customers.
Stori is backed by Lightspeed Venture Partners, GGV Capital, GIC, General Catalyst, BAI Capital, Bertelsmann Investments (BI), Community Investment Management, Goodwater Capital, Vision Plus Capital, Tresalia Capital, and others. The company raised $150M in Series C-2 financing round on Jul 18, 2022. This brings Stori's total funding to $399.5M to date. The latest round mints Stori a unicorn with a valuation of $1.2B post-money.