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Mexican fintech Stori enters Colombian market with $100 million investment

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MEXICO CITY : 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 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

Stori plans to launch its"S Card" in Colombia in September, it said in a statement, with credit limits starting at 200,000 Colombian pesos . Colombia"has huge potential," Stori co-founder and Chief Governance Officer Marlene Garayzar said."We're ready to offer our solutions to those who have not been served by the traditional banking sector."

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