About Stori

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.

```xml <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. </problem> <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. </solution> <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. </features> <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. </target_audience> <revenue_model> Stori generates revenue through interest and interchange fees from credit card transactions, as well as through the management of deposit accounts. </revenue_model> ```

What does Stori do?

Where is Stori located?

Stori is based in Mexico City, Mexico.

When was Stori founded?

Stori was founded in 2019.

How much funding has Stori raised?

Stori has raised 105000000.

Location

Mexico City, Mexico

Founded

2019

Funding

105000000

Employees

790 employees

Major Investors

Notable Capital, BAI capital

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Stori

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Executive Summary

storicard.com 30K+

Crunchbase

Founded 2019 – Mexico City, Mexico

Funding

Estimated Funding

$100M+

Major Investors

Notable Capital, BAI capital

Team (500+)

No team information available.

Company Description

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.

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.

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.

Revenue Model

Stori generates revenue through interest and interchange fees from credit card transactions, as well as through the management of deposit accounts.