Digital cost and banking are main components of the net area, particularly for ecommerce, which is why Dock stands out. The corporate provides a full-stack platform that provides options to each funds and digital backing, protecting your entire ecosystem. Furthermore, it’s already a number one participant in Latin America. If you wish to study extra about Dock and its spectacular platform, take a look at the article under.
SÃO PAULO & NEW YORK–(BUSINESS WIRE)–Dock, a number one full-stack funds and digital banking platform throughout Latin America, introduced right now that it has raised $110 million in development funding led by Lightrock and Silver Lake Waterman, with participation from present traders Riverwood Capital, Viking International Buyers and Sunley Home Capital, bringing its valuation to over $1.5 billion. The funds will likely be used to speed up the corporate’s product growth roadmap and worldwide growth plans, and so as to add new expertise as Dock faucets into the $18.5 billion whole addressable marketplace for card processing and banking-as-a-service within the Latin America area.1
Dock delivers best-in-class options via its open API and cloud-native platform, enabling over 300 purchasers to supply distinctive consumer experiences of their funds, credit score and digital banking choices and powering 65 million energetic finish customers all through the area right now. Dock has scaled into the main business-to-business fintech infrastructure firm in Latin America, facilitating an acceleration of the digital adoption of economic providers as its purchasers provide world-class, differentiated client journeys.
Dock’s fashionable end-to-end platform permits any enterprise to supply monetary providers, together with the launch and administration of customized playing cards, cost processing, and banking-as-a service with digital accounts, cell funds, and fraud administration. Dock’s broad shopper base contains fintechs, retailers, banks, and know-how firms which can be targeted on enhancing the client expertise for the at present banked inhabitants, in addition to bringing beforehand unbanked and underbanked customers into the digital funds and banking methods. With this capital, Dock is one step nearer to attaining its mission of democratizing entry to monetary providers for customers and companies in Latin America and past.
“That is solely the start for us,” stated Antonio Soares, CEO at Dock. “This funding validates our imaginative and prescient of bringing nice options to the market that resolve actual enterprise issues for our purchasers, whereas growing and democratizing entry to monetary providers. As we shut this funding spherical, we’re excited to proceed innovating and increasing whereas constructing merchandise that assist our purchasers develop by offering quick, environment friendly and customized monetary providers to their clients. We add worth as a result of funds and banking are advanced international companies with native specificities, and we perceive that higher than anybody else.”
“Dock’s mission is completely aligned with our give attention to constructing a sustainable future,” stated Marcos Wilson Pereira, Managing Companion and Head of Latin America at Lightrock. “Regardless of optimistic developments over the previous few years, the monetary providers market in Latin America nonetheless has vital room for accelerated development. We’re excited to associate with Dock to allow better monetary inclusion, which can drive financial development and enhance equity.”
“We’re proud to work with Dock’s administration group and stakeholders to assist the corporate proceed to broaden all through the area,” stated Shawn O’Neill, Managing Director and Group Head of Silver Lake Waterman. “Dock’s extensible platform is turning into the platform of alternative for firms of all sizes, throughout sectors, to launch and scale funds and digital banking companies all through Latin America, and we’re excited for what remains to be to return.”
Study extra at dock.tech.
About Dock
Dock is likely one of the main platforms for funds and digital banking in Latin America. The corporate provides industrial worth, innovation and scalability to its clients, bringing collectively card issuance, digital banking and buying via a single and full platform. Dock’s modular options facilitate vital processes that speed up firms’ potential to carry new cost and monetary providers to market. The result’s a wider vary of modern merchandise, better client entry to monetary providers, bank card providers, and enhanced buyer experiences.
Dock operates 65 million energetic accounts and greater than 5 billion transactions yearly via its cloud platform, decreasing operational and regulatory burden and offering different worthwhile instruments to clients via its associate ecosystem to allow them to give attention to the end-user expertise.
About Lightrock
Lightrock is a worldwide non-public fairness platform that backs purpose-driven entrepreneurs tackling the world’s largest challenges. Since 2009, Lightrock has invested in firms that pursue scalable and tech-driven enterprise fashions round the important thing impression themes of individuals, planet, and productiveness/tech for good. Lightrock’s portfolio contains greater than 80 high-growth firms in 14 international locations throughout Europe, the USA, Latin America, Asia and Africa, supported by over 80 professionals based mostly in 5 places of work throughout these areas, together with Lightrock’s headquarter in London. https://www.lightrock.com
About Silver Lake Waterman
Silver Lake Waterman is a part of Silver Lake, the worldwide chief in know-how investing with greater than $90 billion in mixed property beneath administration and dedicated capital and a group of execs based mostly in North America, Europe and Asia. Silver Lake Waterman focuses on offering versatile growth capital to later-stage development firms within the know-how and technology-enabled industries. For extra details about Silver Lake Waterman and Silver Lake, please go to www.silverlake.com.
1 Americas Market Intelligence, Card/Funds Processing & Banking-as-a-Service Market Learn – Latin America, September 2021
The unique article will be discovered on Enterprise Wire.
