| Founded | 2018 |
|---|---|
| Country | Mexico |
| Sector | Fintech |
| Total raised | ~$250M |
| Collapse type | Mass Layoff Spiral |
| Founder | Marlene Garayzar and Bin Chen |
Stori
"Mexico's fintech unicorn targeting the unbanked credit card market ran into the limits of thin margins and high defaults"
Cascading layoffs that accelerated the decline
Key Events Timeline
Stori was co-founded in 2018 in Mexico City by Marlene Garayzar and Bin Chen to issue credit cards to the approximately 40 million Mexicans who lack access to traditional bank credit.
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