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Jeff Bezos, the second richest person in the world, according to Forbesand owner Amazonturned his attention to Brazil. More precisely, he sent his money here. brazilian fintech Stark
Jeff Bezos, the second richest person in the world, according to Forbesand owner Amazonturned his attention to Brazil. More precisely, he sent his money here.
brazilian fintech Stark Bank received this Monday (11) an investment of 45 million USD through Bezos expeditionsbillionaire’s personal investment fund.
Stark Bank offers banking solutions for small and medium businesses and serves well-known brands such as bus, Fifth floor, attic and join. Among the financial solutions offered by the institution are a corporate card, transactions through Pix, integration with ERP and API for developers.
Investments were made through Ribbit Capitalglobal fintech investment fund, in addition to counting on participation SEA CAPITAL, Kavakfounders Airbnb and leaders STD, Visa and Coinbase. This is the first time that Jeff Bezos has invested in a Brazilian company.
In 2021, the fintech has already received another financial contribution of 13 million USD, equivalent to 60.8 million reais. With Bezos’ new investment, the company wants to expand its structure with a new division to provide better infrastructure for other financial institutions.
In a statement, Stark Bank CEO Raphael Stark said:
“We are building the banking of the future from the ground up by rethinking the experience of large companies and creating an ecosystem that allows our clients to make any banking transactions on our platform. In addition to transactional operations, we provide dashboards, cost control, reconciliation and financial management that enable companies to make data-driven decisions.“.
This is the second time the former Amazon CEO has invested in Latin America. With the expansion of his investments around the world, he has already invested in notcoa plant-based food company established in Chile.
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Source: Forbes
Source: Mundo Conectado
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
