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# Mexican fintech Stori raises $150 million, becomes a unicorn
- URL: https://www.techloy.com/mexican-fintech-stori-raises-150-million-becomes-unicorn/
- Published: 2022-07-19T09:33:32.000Z
- Updated: 2022-12-08T00:25:14.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Unicorns, Mexico

[Stori,](https://www.storicard.com/en) a fintech startup offering credit cards to underserved communities in Mexico has raised $150 million in its Series C-2 funding round, in a mixture of equity and debt financing at a $1.2 billion valuation. 

- The fund will be invested in expanding its employee base and spreading its operations across the Spanish-speaking parts of Latin America, the startup claims
- BAI Capital, GIC, and GGC Capital co-led the equity financing, alongside participation from Lightspeed Venture Partners, General Catalyst, Vision Plus Capital and others, while Davidson Kempner provided the debt funding.
- Founded in 2020, the credit card offering startup 20x its revenue growth in 2021 and has reached 1.4 million customers in Mexico, with a goal to reach 100 million underserved people in the region with its offerings.
- It last raised $125 million in equity and $75 million in debt financing in 2021\.