# Stark Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stark-bank-s-a

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.starkbank.com
- Total disclosed funding: $61M
- Latest round: Series B (Apr 11, 2022)
- Investors on record: 8

## About

Stark Bank S.A. is a financial technology company that specializes in providing innovative banking solutions tailored for corporate clients, focusing on efficiency and scalability in financial operations.Founded in 2018 in Sao Paulo, Brazil, Stark Bank S.A. provides technology-driven banking services designed for businesses. The firm has successfully completed 6 deals, with its most recent funding round occurring on April 11, 2022, during which it raised USD 45.00 mn in Series B funding, led by Ribbit Capital with participation from Bezos Expeditions, K5 Global, and Sea Capital. The founder, Rafael Stark, has aimed to streamline financial operations for technology companies and enterprises in Brazil. Stark Bank's total amount raised stands at USD 45.00 mn with a current valuation of USD 1,000.00 mn.Stark Bank offers a comprehensive suite of financial technology solutions designed to streamline corporate banking operations for companies seeking efficiency and scalability. Its core product offerings include a Business Account for managing cash flow with integrated financial intelligence, a Corporate Card with unlimited physical and virtual cards featuring spending control, and services for Pix payments that ensure rapid receivables. Other notable products include automated Bill Payments, Digital Fixed Income options yielding 100% of CDI, and a robust API that facilitates seamless integration for e-commerce and tech companies. Stark Bank primarily serves technology companies and enterprises in Brazil, catering to a client base that demands agility and operational security, while also engaging with high-volume transaction businesses in various sectors. The company's products are designed to eliminate unnecessary processes and empower clients with data-driven decision-making capabilities.Stark Bank's revenue generation is primarily driven by transaction fees associated with its financial services and solutions offered to businesses. Companies utilizing Stark Bank's Business Accounts and Corporate Cards incur charges based on transaction volumes and service usage, while firms engaging in automated Bill Payments benefit from streamlined processes that enhance operational efficiency. The company has reported significant transaction volumes, with over R$ 100 billion transacted annually and 1 billion payments processed each year. Stark Bank's revenue structure is tailored for B2B engagements, allowing clients to leverage its technology for seamless financial operations while ensuring predictable cash flow management. The firm is focused on establishing a reliable partnership framework with its clients, emphasizing the integration of its services into their existing workflows to drive business growth.In March 2022, Stark Bank S.A. raised USD 45.00 mn in Series B funding, which will be utilized to expand its product offering in investments, credit lines, and card payments. The company plans to enhance its portfolio by introducing new products aimed at increasing operational capabilities and financial flexibility for its clients. Additionally, Stark Bank is exploring opportunities for expansion into new markets, although specific regions have not been disclosed. The funding received is intended to support these initiatives and enable the firm to enhance its service delivery and market reach.

## Funding rounds

- Series B, Apr 11, 2022, $45M — Ribbit Capital, Bezos Expeditions, Sea Capital, K5 Global
- Series A, Dec 8, 2021, $13M — Iporanga Ventures, K5 Global, Nortecapital
- Seed, Mar 17, 2020, $1.1M — Foundation Capital, Y Combinator
- Seed, Jan 30, 2020, $1.1M — Iporanga Ventures
- Seed, Dec 6, 2019, $1M — Iporanga Ventures

## Investors

- Iporanga Ventures (https://capitalatlas.ai/funds/iporanga-ventures) — Seed, Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- K5 Global (https://capitalatlas.ai/funds/k5-global) — Series A, Series B
- Nortecapital — Series A
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B
- Bezos Expeditions — Series B
- Sea Capital — Series B