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New Deal


Announced

Completed

GGV Capital and GIC led a $200m Series C round in Stori.

Financials

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Transaction Value£148m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Acquisition

Cross Border

Mexico

Friendly

Minority

Private

FinTech

Single Bidder

financial technology

Completed

Private Equity

Synopsis

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GGV Capital and GIC led a $200m Series C round in Stori, a credit card-led fintech, with participation from General Catalyst, Goodwater Capital, Tresalia Capital, Lightspeed Venture Partners, Vision Plus Capital, BAI Capital and Source Code Capital. "Our mission - empowering financial inclusion for millions of hard-working people – is amazingly meaningful and challenging at the same time. We are progressing at an unprecedented pace by combining technology, machine learning, data-driven underwriting and an intuitive mobile-based user experience. A lot more will come in our journey to become a top consumer financial franchise in Latin America" Bin Chen, Stori CEO.

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