Bertelsmann Investments and Source Code Capital led a US$10m Series A in Stori, a Mexican digital bank, with follow-on from Vision Plus Capital.

(FinSMEs) Stori, a Mexico-based digital bank, raised $10M in Series A2 funding.

The round, which brought total funding raised to date to more than $17m, was co-led by Bertelsmann Investments (BI) and Source Code Capital, and joined by existing investor Vision Plus Capital.

The company intends to use the funds to strengthen its big data and AI platform and grow its talent base.

Co-founded by Marlene Garayzar and Manuel Medina, Stori provides Mexican consumers with financial services with the use of technology The company has also launched their credit card, with compelling digital features, in Mexico.