Stori
Mobile credit card and savings platform for underserved consumers in Mexico
Fintech
📍 Mexico City, Mexico
Founded 2018
Current Valuation
$1.2B
as of 2022-Q2
UNICORN
Stori is a Mexican fintech offering credit cards and mobile savings accounts to underbanked consumers - competing with Nu Holdings and the country's traditional banks. Founded in 2018 by a multinational team including former Capital One executive Bin Chen, the company crossed 3 million customers and reached sustainable profitability in 2024. Stori has raised over $500M in combined equity and debt, with a $1.2B unicorn valuation set in 2022. CEO Bin Chen publicly targeted a potential IPO within two years (2026-2027).
Company Profile
Growth
Reached sustainable profitability; >3M customers
Last Round
Series C extension — $212M (Sep 2024) · Lead: Notable Capital
Founders & Key People
Bin ChenMarlene GarayzarGY LiuNick Chen
Investors
Notable Capital · BAI Capital · GGV Capital · Goodwater Capital · Lightspeed · Tresalia Capital · Vision Plus Capital
Products
- Stori Card (Visa credit card for underbanked Mexicans)
- Stori Cuenta (mobile savings account)
- Stori Plus (premium tier with cashback)
- Credit-building tools and financial education
Competitors
Nu Holdings (Nubank) · Klar · RappiPay · Albo
FintechLatAmCredit CardsNeobankFinancial Inclusion
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q2. Refreshed quarterly.