Draft:Stark Bank

Stark Bank is a Brazilian challenger bank designed for companies. Its headquarters are located in São Paulo, Brazil. The company is licensed and regulated as a financial institution in Brazil by the Central Bank.

History
Stark Bank was founded in 2018 by Rafael Stark in Sao Paulo, Brazil.

On 30 January, 2020, the company raised a seed investment for an undisclosed amount, but sources report it was for over one million dollars and that Iporanga Ventures led the round.

Later in 2020, Stark Bank also received an investment of $1.1 million from the startup accelerator Y Combinator and the venture capital firm Foundation Capital.

In 2021, the company led a series A round of investment with LGF, a venture capital firm owned by Lachy Groom, along with Iporanga Ventures, K5 Global, and Norte Ventures. Stark Bank raised over $ 13 million in this round.

In April 2022, Stark Bank received a $45 million investment led by investors such as Lachy Groom, Ribbit Capital, and Bezos Expeditions’ founder Jeff Bezos.

In 2022, Stark Bank Group launched Stark Infra, a financial infrastructure company.

Description
The company has over 300 economy consumers, including as Flash Benefits, Buser, Colgate, Isaac, Cora, Bitso, Quinto Andar, and Loft.