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Stori closes USD 125 mln in Series C funding

Monday 15 November 2021 10:51 CET | News

Stori has closed USD 125 million during an over-subscribed Series C funding round co-led by global venture capital firm GGV Capital and growth-stage investor GIC.

Other investors include General Catalyst, Goodwater Capital, and Mexico-based Tresalia Capital which made its first fintech investment. Previous Series A- and B-round investors Lightspeed Venture Partners, Vision Plus Capital, BAI Capital and Source Code Capital also continued to support the company with follow-on investments.

Alongside this equity raise, Stori has also raised USD 75 million in debt financing from impact-focused, debt capital provider Community Investment Management (CIM).

Stori also plans to expand its team, doubling down on training and development opportunities, while building a sustainable infrastructure across all teams to foster diverse thinking and an inclusive culture.


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Keywords: credit card, funding, financial services
Categories: Payments & Commerce
Companies:
Countries: Mexico
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Payments & Commerce






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