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Announced

BAI Capital, GIC and GGV Capital led a $150m funding round in Stori.

Financials

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Transaction Value£126m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Completed

Cross Border

Venture Capital

FinTech

financial technology

Mexico

Private

Single Bidder

Minority

Private Equity

fintech

Synopsis

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BAI Capital, GIC and GGV Capital led a $150m funding round in Stori, a credit card provider, with participation from Lightspeed Venture Partners, General Catalyst, Vision Plus Capital, Goodwater Capital, Tresalia Capital and Davidson Kempner Capital Management. "The Stori team is a rare combination of industry background, hustle and change-the-world attitude. The market demand for inclusive financial products tuned for local markets is clear, and the results are not surprising. We continue to be excited about partnering with the Stori team as they grow across Latin America," Hans Tung, GGV Capital Managing Partner.

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