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Stori raises $32.5m in Series B funding

Mexico based credit card startup raised $32.5m in Series B funding led by Lightspeed Venture Partners.

“Consumers in Mexico are increasingly using e-commerce and app-based services like ride hailing and delivery and credit cards are the preferred payment methods in those channels,” Chen said. “They’re experiencing more cash flow fluctuation and irregular expenses and need access to flexible credit that can meet short-term needs.”

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payments, mexico, emerging markets, credit