“Can Dock become the default embedded finance infrastructure for Latin America by owning licenses, card processing, and acquiring under one cloud-native platform?”
Dock is the result of a 2021 merger of three Brazilian payments-tech brands — Conductor (card processing), Dock (BaaS), and Muxi (POS/acquiring) — into a single full-stack embedded finance infrastructure provider. The company holds its own BACEN-regulated payment institution and acquiring licenses, making it a self-operated BaaS platform rather than a reseller. Post-merger it positioned itself as LatAm's most complete card issuing, banking, Pix and acquiring infrastructure, raising $110M in 2022 at unicorn valuation.