Mexican consumer fintech startup Stori has garnered $32.50 million in its Series B round funding led by U.S global investment firm Lightspeed Venture Partners, the investee announced on Friday.
The latest round brings the total sum of financing raised by Stori to $50 million.
Bertelsmann Asia Investments (BAI) Capital, Chinese Source Code Capital and Vision Plus Capital also re-upped in the current round. The three investors had, in February 2020, invested $10 million in Stori’s Series A+ round.
The new vehicle will be used to support Stori’s business growth, the company said.
“Stori’s strong management team has led it to become one of the fastest-growing digital banks in Latin America,” said BAI Capital Managing Director William Zhao.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on February 25-26, 2021.
