Stark Bank sees an opportunity to serve Brazil’s encryption companies

The Brazilian bank is online only Stark Bank According to what was reported, it aims to serve the encrypted companies in the country.

The company sees an opportunity to put itself as a banking provider of these startups at a time when the encryption sector is still avoiding traditional lenders, but it has become more attractive due to US President Donald Trump’s support for encryption, Bloomberg, I mentioned Wednesday (March 12).

“Technology is here to survive, and our idea is to target this specialist,” Stark Bank CEO Rafael Stark He said, according to the report.

The business bank works with 52 companies that focus on digital currencies and Blockchain technologies; Nearly 800 customers help pay payments, pay bills and manage corporate credit cards; And through it Stark Infra Unit, adopting technical solutions for sale to third parties or clients, according to the report.

Stark Bank improves his marketing to complete the oral word brought by new customersThe report said.

“The competitors often look at what the other does, and they see that they are using Stark,” Stark said in the report. “This has happened a lot in the category of encryption.”

Stark Bank collected $ 45 million in the series B Finance round In April 2022, with the support of Amazon Jeff Bizos founder. The deal was the first deal in Brazil Bezos missionsInvestment company that works as a management team for personal investments for Bezos.

The deal followed an investment of $ 13 million from investment capital investors in an initial tour.

In February 2024, Stark Bank said that in 2023 He – she to treat 155 billion parishes (about 27 billion dollars) of payments, which represents a three -fold increase from the previous year. The company also witnessed its net income more than Weakness to 71.5 million rings.

The company said in the time Which – which She had 600 customers and was growing because he aimed to get her market share from traditional companies in Brazil.

Exchange of cryptocurrency Pipe He said in January that she is taking ways to take the main current encryption payments in Brazil with a new payment solution, Bybit salariesWhich enables users to pay the payments in Fiat currency and cryptocurrency.

Bybit Pay is integrated with the instant payment system of the Brazilian, which was developed by the Central Bank of Brazil.