According to Bloomberg, Stark Bank SA， This Brazilian pure online bank, supported by Bezos Expeditions, the Bezos family office, is positioning itself as the preferred banking service provider for cryptocurrency startups in the country, betting that this field, which has been excluded by traditional lending institutions, will drive growth. The CEO of the bank, Rafael Stark, stated that the bank is currently collaborating with 52 companies focused on digital currencies and blockchain technology, including Mercado Bitcoin Servicos Digitias, Transfero Swiss AG, and Binance Holdings. He stated that US President Trump's support for cryptocurrency is making it an increasingly attractive field. He refused to estimate how much market share the bank is currently serving, but stated that considering the cooperation is with large companies, the bank is a "very important participant".
Stark Bank was founded in 2018 and helps its nearly 800 clients process payments, pay bills, and manage company credit cards and other services. Its most recent financing was in 2022, with investors including Ribbit Capital and Jeff Bezos' venture capital vehicle, valued at $250 million. Stark stated that the digital bank still has a large amount of cash on hand and is not actively seeking to raise new funds from external investors to increase its valuation and achieve unicorn status. Any plans for an initial public offering (IPO) may take about five years.
