Dock, a platform for full-stack payments and digital banking, has raised $110 million in a funding round led by Lightrock and Silver Lake, with participation from Riverwood Capital, Viking Global, and Sunley House Capital. The post-money valuation is estimated to be north of $1.5 billion. Dock claims its open API and cloud-native presentation enable any business to provide financial solutions. Such as the creation and management of custom playing cards, payment processing, and banking, as well as electronic accounts, mobile payments, and fraud management. The company’s end-users are fintechs, banking companies, and technological innovation firms which focus on improving the consumer work experience and accommodate the participation of the formerly unbanked and underbanked customers. Dock intends to use the new funds to accelerate product development and global expansion, and beef-up personnel.
Brazilian Fintech Infrastructure Company Dock Closes on $110M in Funding