Stori is a fintech platform that offers credit cards with a 99% approval rate and a savings account that provides up to 15.5% annual returns, specifically designed for underserved customers with limited access to traditional banking services. By enabling users to build credit and earn cashback on purchases, Stori addresses the financial inclusion gap in Mexico.
Funding
$105M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NCFounders
Product
Problem
Many individuals in Mexico lack access to traditional banking services and have limited or no credit history, making it difficult to obtain credit cards and build a financial track record. This exclusion limits their ability to make purchases, save money effectively, and participate fully in the formal economy.
Solution
Stori provides accessible financial products, including credit cards with a high approval rate and a savings account with competitive annual returns, to underserved customers in Mexico. The Stori Card and Stori Black credit cards offer a paperless, mobile-first experience with a high approval rate, even for those with limited credit history. Stori Cuenta+ is a deposit account that allows users to earn returns on their savings while maintaining 24/7 access to their funds. By offering these products, Stori aims to bridge the financial inclusion gap and empower individuals to build credit and manage their finances effectively.
Target Audience
Stori primarily targets underserved individuals in Mexico, including those with limited or no credit history, who are seeking accessible financial products to build credit, save money, and participate in the formal economy.
Features
- Stori Card: Credit card with a 99% approval rate, designed for individuals with limited or no credit history.
- Stori Black: Premium credit card offering 3% cashback on all purchases.
- Stori Cuenta+: Deposit account with up to 15.5% annual returns, providing liquidity and high yield.
- Mobile-first application process for easy access and management of accounts.
- Credit-building opportunities for users to establish a positive financial track record.
- No annual fees on select credit card products.