The Series A round was led by solo-VC Lachy Groom and was attended by K5 Global, Iporanga Ventures, and Norte Capital, as well as founders of Coinbase, Dropbox, Flexport, Figma, Rappi, D.Local, Wildlife, and Slack. The capital will be used mainly to invest in the improvement of current PIX, cash management, and corporate card products, as well as for the launch of new products of acquiring, exchange, CCB, issuing white-label cards, and offering banking infrastructure.
Stark Bank’s main operation is cash management, performing the accounts payable and receivable of companies such as Buser, Quinto Andar, Loft, Colgate, D.local, Bitso, PetLove, Kovi, and Daki,the latest unicorn in Brazil. In 2020, Stark Bank received its licence from the Central Bank, having developed its entire banking infrastructure from scratch. This construction of the technology was one of the reasons that led the solo-VC Lachy Groom to invest in the company.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now