Brazilian fintech Dock clocks $1.5 billion in valuation, becomes a unicorn

Brazilian fintech Dock clocks $1.5 billion in valuation, becomes a unicorn
Photo by Annie Spratt / Unsplash

Dock, a Brazil-based fintech company has reached a $1.5 billion valuation after its new funding round led by the Lightrock and Silver Lake Waterman funds.

  • Dock provides bank-as-a-service (BaaS) for merchants in need of payment processing, proprietary credit cards, and other services on its platform.
  • The company emerged from a 2021 merger of Dock, Conductor and Muxi and is now widely visible in Latin America.
  • It last raised funds from Viking Capital and Visa Ventures.
  • Dock's unicorn status comes after Habi, a Colombian proptech company became a unicorn making it 23 unicorns now in Latin America.