Dock, a Sao Paulo and NY-based full-stack payments and digital banking platform across Latin America, raised $110 million in growth funding, bringing its valuation to over $1.5 billion.
The round was led by Lightrock and Silver Lake Waterman, with participation from existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital.
The company intends to use the funds to accelerate product development roadmap and international expansion plans, and to add new talent.
Led by Antonio Soares, CEO, Dock provides a platform that allows any business to offer financial services, including the launch and management of custom cards, payment processing, and banking-as-a service with digital accounts, mobile payments, and fraud management across LatAm. The company delivers solutions through its open API and cloud-native platform, enabling over 300 clients to offer easy user experiences in their payments, credit and digital banking offerings and powering 65 million active end users throughout the region today.