STARK BANK, an open banking platform that helps companies of any size scale their operations, received a $45 million investment led by Ribbit Capital, Bezos Expeditions, and individual investor Lachy Groom. The investment round included founders of Airbnb and Kavak, as well as officials from DST, Visa, and Coinbase. Although the valuation was not disclosed, Stark Bank’s founder, Rafael Stark, said the transaction puts the company close to unicorn status. The funds raised, according to Stark, will enable the fintech to expand its product offering.
Brazil’s fintech Stark Bank raises $45 mln in investment round | Financial Post