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