Mexican fintech unicorn Stori recently announced the completion of a new round of equity and debt financing totaling $212 million, including a $105 million equity financing round led by BAI Capital and Notable Capital, with participation from existing and new investors such as ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed Ventures and Tresalia, as well as a $107 million debt financing facility provided by Goldman Sachs and Davidson Kempner. This is one of the largest fundraising rounds in Latin America in 2024. After becoming a unicorn in 2022, Stori's valuation has further increased. Stori also appointed a new CFO. Diego Cabrera Canay, Stori's newly appointed CFO, previously served as the chief financial officer of dLocal, a cross-border payment solutions company for emerging markets, where he led the company's listing. He also previously worked as vice president of finance at Mercado Libre, Latin America's largest e-commerce platform, and as a senior manager at PricewaterhouseCoopers. Stori stated that as a senior expert in the field of financial management, Diego's joining will further strengthen the strength of Stori's management team and lead the company into the next stage of rapid development. Stori is one of the fastest-growing companies in Latin America in recent years, with 3 million loyal users. Supported by this round of financing, Stori will further improve the accessibility of its products and support local economic development, including optimizing and upgrading local digital infrastructure, increasing financial education programs, and more. In 2020, Stori launched its first credit card product, aiming to bring financial autonomy and secure financial service experience to customers who have been overlooked by the traditional banking system. In 2022, Stori became Mexico's first unicorn company co-founded by women. In October 2023, after obtaining approval for its Sofipo regulatory license, Stori launched a deposit product with market-leading returns — Stori Cuenta+ with an annual interest rate of 15%. Stori co-founder Marlene Garayzar said: "From the very beginning, my co-founders and I recognized that there are unfair gaps in Mexico's traditional financial system, which only serves specific groups of people. This investment will allow us to continue using technology to develop innovative solutions and advance financial inclusion and financial education." © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate controller. Both companies share the same ultimate controller, operate under the principle of One China, and comply with the laws of Hong Kong and mainland China.