Mexico Fintech Stori Eyes IPO by 2027 With Trend Toward Profits
Mexican fintech company Stori is aiming for an initial public offering (IPO) by 2027, following its trend towards profitability. The company's CEO, Bin Chen, stated that Stori is expecting to reach sustainable profitability this year and believes it can be ready for an IPO within the next 24 months. Stori is a digital lender that offers credit cards and other financial services to underserved consumers in Mexico. The company has been able to capitalize on the growing demand for digital financial solutions in the country, particularly among the unbanked population. Stori's IPO plans come at a time when the Mexican fintech sector is experiencing significant growth and investment activity, with several companies in the space looking to go public in the coming years.
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