Stark Bank SA, the Brazilian online-only bank backed by Bezos Expeditions, is setting its sights on the country’s cryptocurrency startups as a key growth area this year. The bank’s strategy reflects a bet that the sector, often avoided by traditional lenders, offers significant opportunities.
The Sao Paulo-based business bank is currently collaborating with 52 companies specializing in digital currencies and blockchain technologies. Among these are Mercado Bitcoin Servicos Digitais, Transfero Swiss AG, and Binance Holdings, according to Chief Executive Officer Rafael Stark. Stark also noted that the increasing support for crypto, including recent endorsements, has made the segment even more attractive for investment and partnerships.
