Mexican fintech Stori enters Colombian market with $100 million investment


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 plans to kick off operations in Colombia with a $100 million investment in the South American nation over the next three years, the firm announced on Thursday.

Stori has already scooped up 3 million clients in Mexico in the last four years, offering services such as savings accounts with 15% yields and credit cards with near-total approval rates.

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