Bezos-Backed Bank Targets Brazil’s Crypto, Tech Firms

Stark Bank SA, the Brazilian online-only bank backed by Bezos Expeditions, is looking to the country’s crypto startups as one of its focus areas this year, in a bet that a sector shunned by traditional lenders will bolster growth.

The Sao Paulo-based business bank is working with 52 firms focused on digital currencies and blockchain technologies, including Mercado Bitcoin Servicos Digitais, Transfero Swiss AG and Binance Holdings, Chief Executive Officer Rafael Stark said. US President Donald Trump’s support for crypto is making it an increasingly attractive segment, he said.