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Bloomberg: Bezos-backed banks target Brazilian crypto businesses, betting will drive growth

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2025-03-14 01:01:25
Brazilian online bank Stark Bank SA, backed by Bezos Expeditions, has made crypto startups one of its focus areas this year, betting that the industry, shunned by traditional banks, will drive growth.
The São Paulo-based commercial bank is currently working with 52 companies focused on digital currencies and blockchain technology, including Mercado Bitcoin Servicos Digitais, Transfero Swiss AG, and Binance Holdings, according to Rafael Stark, CEO of Stark Bank SA.
He also pointed out that US President Donald Trump's support for the crypto industry is making the field increasingly attractive.
Bezos Expeditions is the personal investment firm of Jeff Bezos, the founder of Amazon. It is the fund that Bezos uses to manage and invest in venture capital. It has invested in Google, Twitter, Uber, Airbnb, Stripe, SpaceX and many other well-known companies.
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