Stori raises $32M Series B round to become Mexico s leading credit card issuer for the rising middle class
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MEXICO CITY, Feb. 25, 2021 /PRNewswire/ Consumer fintech Stori announced today that it has raised $32.5 million Series B funding led by Silicon Valley-based Lightspeed Venture Partners with participation from existing investors Vision Plus Capital, BAI Capital and Source Code Capital. The new financing will support the company s rapid growth as it is quickly becoming a top credit card issuer in the country. This round brings the company s total funding to $50 million to date and brings together an investor set with deep global consumer fintech experience.
Stori raises $32M Series B round to become Mexico s leading credit card issuer for the rising middle class
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Through the fourth quarter of 2020, businesses in Duncan received $130,471 in health-related relief from the CARES act issued by the Department of Health and Human Services.
According to numbers reported through the fourth quarter of 2020, businesses in South Carolina received $1.2 billion in health-related relief from the CARES act issued by the Department of Health and Human Services. The largest recipient of funding in the state was Prisma Health-Upstate with a total of $131 million. The average loan size in the city was $14,497 while the state s average loan amount was $258,718.
Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn t returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren t eligible to receiv