FILE PHOTO: Stori co-founder GY Liu, co-founder Marlene Garayzar, Chief Executive Officer and co-founder Bin Chen, cofounder Sherman He and Chief Technology Officer and co-founder Nick Chen pose in Stori's Mexico City office, in this handout taken in Mexico City, Mexico, March 11, 2024. Stori/Handout via REUTERS/File Photo
MEXICO CITY (Reuters) - Mexican fintech Stori, which aims its products at the large number of people in the country without bank accounts, will use a fresh $212 million in funding to roll out new products and expand current offerings, it said on Tuesday.
The funding round for the unicorn - a term for a startup with a valuation of more than $1 billion - comes in the form of $105 million in capital and $107 million in debt, Stori said in a release.
