About Stori
Stori is a company based in Miguel Hidalgo (Mexico) founded in 2018 by Marlene Garayzar and Bin Chen. It operates as a FinTech, and Commission-Based. Stori has raised $332.5 million across 10 funding rounds from investors including Goldman Sachs, Lightspeed Venture Partners and Community Investment Management. Stori offers products and services including Stori Green, Stori Black, Stori Cuenta+, and Stori Préstamos. Stori operates in a competitive market with competitors including Affirm, Afterpay, Upgrade, Petal and Atlanticus Holdings, among others.
- Headquarter Miguel Hidalgo, Mexico
- Founders Marlene Garayzar, Bin Chen
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Stori México, S.A. De C.V., Sociedad Financiera Popular
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$332.5 M (USD)
in 10 rounds
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Latest Funding Round
$105 M (USD), Private Equity Round
Aug 06, 2024
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Investors
Goldman Sachs
& 16 more
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Employee Count
Employee Count
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Products & Services of Stori
Stori offers a comprehensive portfolio of products and services, including Stori Green, Stori Black, Stori Cuenta+, and Stori Préstamos. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Credit card offered with high approval rate guaranteed.
Premium credit card with cashback on purchases.
Deposit account with interest earnings up to 8.2%.
Personal loans provided for various financial needs.
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Funding Insights of Stori
Stori has successfully raised a total of $332.5M across 10 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $105 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Private Equity Round — $105.0M
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First Round
First Round
(04 Feb 2020)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Debt – Conventional - Stori | Valuation |
investors |
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| Aug, 2024 | Amount | Private Equity Round - Stori | Valuation | Notable Capital | |
| May, 2023 | Amount | Debt – Conventional - Stori | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Stori
Stori has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Lightspeed Venture Partners and Community Investment Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Early-to-growth-stage companies are funded by the venture capital firm.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Stori
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Stori
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stori Comparisons
Competitors of Stori
Stori operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Affirm, Afterpay, Upgrade, Petal and Atlanticus Holdings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Credit cards are issued to consumers via alternative credit evaluation.
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| domain | founded_year | HQ Location |
Credit cards are provided for consumers, businesses, and healthcare financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stori
Frequently Asked Questions about Stori
When was Stori founded?
Stori was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Stori located?
Stori is headquartered in Miguel Hidalgo, Mexico. It is registered at Miguel Hidalgo, Ciudad De Mexico, Mexico.
Who is the current CEO of Stori?
Bin Chen is the current CEO of Stori. They have also founded this company.
Is Stori a funded company?
Stori is a funded company, having raised a total of $332.5M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $50M, raised on Feb 04, 2020.
What does Stori do?
Stori is operated as a Mexican financial entity offering credit cards, deposit accounts, and personal loans. Services are provided in the consumer banking sector with a focus on accessibility and digital solutions. Products like Stori Green and Stori Black are designed for high approval rates and cashback benefits. Deposit accounts such as Stori Cuenta are structured to yield interest up to 8.2. The company is supervised by the National Banking and Securities Commission, ensuring compliance with financial regulations.
What products or services does Stori offer?
Stori offers Stori Green, Stori Black, Stori Cuenta+, and Stori Préstamos.
Who are Stori's investors?
Stori has 17 investors. Key investors include Goldman Sachs, Lightspeed Venture Partners, Community Investment Management, Davidson Kempner Capital Management, and Notable Capital.
What is Stori's valuation?
The valuation of Stori is $1.2B as of Jul 2022.
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