Stori
Credit cards for the 60% of Mexicans banks reject; unicorn built on inclusion economics.
Credit inclusion for underbanked Mexico; 3M+.
- Who holds it
- The company itself — it holds a full banking licence — Sofipo (MX).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Stori’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · underbanked |
| AI | AI underwriting in production |
| HQ | Mexico City, MX |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Sofipo (MX) |
| Card | MC · Credit |
| Yield | Yield account |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Mexico |
| Founders | Bin Chen, Marlene Garayzar + 3 |
| Funding | ~$550M incl. debt |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @storicard ↗
Common questions about Stori
What is Stori?
Stori is a fiat neobank built for underbanked, headquartered in Mexico City, MX and founded in 2018. Your money is held custodially, so Stori or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Sofipo (MX)).
Does Stori have a card, and where can you use it?
It issues a Mastercard credit card. It is available in Latin America.
Does Stori require KYC?
Yes. Stori requires identity verification (KYC) to open an account, as a licensed bank.
What does Stori cost?
From the verified fields: yield Yield account. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Stori before relying on them.
Early investors
Head-to-head
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Stori appears in
Neobanks that hold their own banking license (132) · Neobanks available in Latin America (113) · Neobanks built for the underbanked (23) · Neobanks that issue a Mastercard (150) · Neobanks in Mexico (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.