Wednesday
May 18
2022

Dock Receives $110 Million In Funding for Its Digital Payment and Banking Platform

By Spencer Hulse

Digital payment and banking are major parts of the online space, especially for ecommerce, which is why Dock stands out. The company offers a full-stack platform that offers solutions to both payments and digital backing, covering the entire ecosystem. Moreover, it is already a leading player in Latin America. If you want to learn more about Dock and its impressive platform, check out the article below.

Dock, a leading full-stack payments and digital banking platform across Latin America, announced today that it has raised $110 million in growth funding led by Lightrock and Silver Lake Waterman, with participation from existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital, bringing its valuation to over $1.5 billion. The funds will be used to accelerate the company’s product development roadmap and international expansion plans, and to add new talent as Dock taps into the $18.5 billion total addressable market for card processing and banking-as-a-service in the Latin America region.1

Dock delivers best-in-class solutions through its open API and cloud-native platform, enabling over 300 clients to offer unique user experiences in their payments, credit and digital banking offerings and powering 65 million active end users throughout the region today. Dock has scaled into the leading business-to-business fintech infrastructure company in Latin America, facilitating an acceleration of the digital adoption of financial services as its clients offer world-class, differentiated consumer journeys.

Source: Grit Daily (link opens in a new window)

Categories
Finance, Technology
Tags
accelerators, banking, digital banking, digital payments, emerging markets, financial inclusion