Brazil’s fintech Stark Bank raises $45 mln in investment round

Brazilian financial solutions platform Stark Bank said on Monday it has received a $45 million investment led by funds such as Ribbit Capital, Lachy Groom and Bezos Expeditions, led by Inc founder Jeff Bezos.

The announcement comes about four months after the fintech, created in 2018, raised $13 million from venture capital investors in an initial round, at a time when investments in Brazilian startups are waning as their dispute with large banks grows.

Read more: Reuters