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Stori, founded in 2019 and headquartered in Mexico City, is a financial technology company focused on providing credit access and financial services to the underbanked population in Latin America. The company offers credit cards with high approval rates and cashback rewards, as well as deposit accounts with competitive returns, aiming to democratize credit access and enhance financial inclusion.
Since its inception, Stori has demonstrated significant growth and attracted substantial investor interest. The company has successfully raised a total of $666.5 million across multiple funding rounds, including a recent Debt - III round of $107 million in August 2024, led by Davidson Kempner Capital Management and Goldman Sachs. This funding history showcases the company's ability to secure capital and investor confidence in its business model.
As of now, there is no concrete information available regarding Stori's IPO prospects. The company has not made any official announcements or filed any public documents related to going public. Without specific news or reports about Stori's IPO plans, it's not possible to make any predictions or assumptions about the company's intentions to list on a public exchange.
Several factors could potentially influence Stori's decision to pursue an IPO in the future, including market conditions, the company's financial performance, and its strategic goals. The competitive landscape in the fintech sector, particularly in Latin America, may also play a role in any future IPO considerations. However, it's important to note that these are general factors and not specific to Stori's current situation.
Investors interested in Stori should keep in mind that private companies can choose various paths for growth and funding, and an IPO is just one of many options. As with any investment decision, it's crucial to conduct thorough research and consider multiple factors before making any financial commitments.
Get $1000 towards your
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While Stori's IPO prospects remain uncertain, investors eager to gain exposure to innovative fintech companies in emerging markets don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies like Stori, potentially allowing you to benefit from their growth before they go public. Our platform provides opportunities to diversify your portfolio with lower minimum investments in emerging industry leaders, including those revolutionizing financial services in Latin America and beyond.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
