The rise in interest rates has led to banks and fintechs cutting down on lending. For companies like Stori, that is an opportunity.
More than two dozens neobanks are vying for digital customers in Mexico, Latin America's second-largest economy.
Fintechs in Mexico draw funding to cater to underbanked SMEs and individuals. Kapital tapped $65 million, while Stori secured $50 million.