Brazilian Stark Bank raises investment for over US$1 million

▤ Summary

This post is also available in: Español (Spanish) Contxto – Stark Bank—a fintech startup made for startups—recently raised a seed investment for an undisclosed amount. Albeit that sources report it was for over one million dollars and that the round was led by Iporanga Ventures. Like many fintech founders, Rafael Stark launched his startup in response to how troublesome processing a simple payment through traditional banking is. Meanwhile, Stark Bank turns a profit by charging an average fee of R$2 (less than US$1) per transfer. Further down the line, Stark (the founder, Rafael, not Tony, mind you) aims for his startup to be Brazil’s main banking solution.

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