Dock Valuation, Funding & Investors

Dock is valued at $1.5B as of May 2022.

See full Dock profile

Last Dock valuation

$1.5B

Undisclosed stage · May 2022

Last Dock funding round

$110M

Undisclosed stage · May 2022

Cumulative funding Dock raised

$280M

across 2 funding rounds

Key investors in Dock

  • Viking Global Investors
  • Sunley House Capital Management
  • Temasek
  • Lightrock
  • Riverwood Capital
  • Silver Lake Waterman

Dock Overview

About Dock

Dock is a São Paulo-headquartered financial infrastructure provider in Latin America. Its cloud platform combines core banking, card issuing, and payment processing for Pix and boleto. Serving Mercado Livre and Nubank, it processes billions in transactions annually across Brazil, Mexico, and Colombia.


Founded

2014

HQ

BrazilSão Paulo

Website

dock.tech

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$1.5B (May 2022)

Dock Valuation

Dock is currently valued at $1.5B, based on its undisclosed-stage round in May 2022.

The $110M round was led by Lightrock and Silver Lake Waterman, with participation from Riverwood Capital, Viking Global Investors and Sunley House Capital Management.

Dock valuation by funding round

Dock valuation by funding round
DateStageValuation
May 2022Undisclosed stage$1.5B

Dock Funding History

Dock has raised a total of $280M across 2 funding rounds.

Dock's first fundraising round was a $170M undisclosed-stage round in October 2020. The most recent completed round was a $110M undisclosed-stage round in May 2022.

Dock funding rounds

Dock funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Undisclosed stageLightrock (lead); Silver Lake Waterman (lead); Riverwood Capital; Viking Global Investors; Sunley House Capital Management$110M$1.5BDock is a São Paulo-based fintech providing a full-stack payments and digital banking platform across Latin America. In December 2022, it raised $110 million in growth funding led by Lightrock and Silver Lake Waterman, with participation from Riverwood Capital, Viking Global Investors, and Sunley House Capital Management. This round brought the company's total valuation to over $1.5 billion. The funds are earmarked for accelerating product development and international expansion in Latin America.
Oct 2020Undisclosed stageViking Global Investors (lead); Temasek; Sunley House Capital Management$170M-Dock (formerly Conductor) is a São Paulo-based Brazilian fintech infrastructure company providing a full-stack payments and digital banking platform, including card issuing and banking-as-a-service, to banks and fintechs primarily in Latin America. It was created in 2014 when Riverwood Capital and Antonio Soares (now CEO) bought out 100% of Conductor. Viking listed the investment as active from 2020. A later Series B round of $110 million in May 2022 led by Lightrock and Silver Lake Waterman valued Dock at over $1.5 billion, with participation from existing backers including Viking Global Investors, Sunley House Capital, and Riverwood Capital. By early 2022, Dock reported strong traction with 65 million active accounts via over 300 clients, processing over 5 billion transactions annually through its cloud platform. In December 2021, it handled 48.4 million total monthly active accounts (up 55% YoY) and saw active digital banking accounts rise 380% YoY. The platform enables embedded banking and payments, positioning Dock as a leader in fintech infrastructure amid high demand for financial inclusion in Latin America.

Who has invested in Dock?

6 investors have backed Dock across its funding rounds, including Viking Global Investors, Sunley House Capital Management, Temasek, Lightrock, Riverwood Capital and Silver Lake Waterman.

Lead investors include Lightrock, Silver Lake Waterman and Viking Global Investors.


Dock Investors

Investors in Dock by funding rounds participated
InvestorHQRoundsRoleFirst check
Viking Global InvestorsUnited StatesStamford, CT2LeadOct 2020
Sunley House Capital ManagementUnited StatesBoston, MA2ParticipantOct 2020
TemasekSingaporeSingapore1ParticipantOct 2020
Riverwood CapitalUnited StatesSan Francisco, CA1ParticipantMay 2022

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Acquisitions by Dock

Dock has acquired 3 companies to date.

Last acquisition by Dock was on December 7th 2021. Dock acquired CacaoPaycard for undisclosed valuation.


Latest Acquisitions by Dock

CacaoPaycard
BPP
Muxi
Description
CacaoPaycard is a Mexico-based fintech provider pioneering Fintech as a Service with embedded licensing for payment issuance. It enables businesses to launch accounts and payment solutions at reduced costs through a comprehensive platform supporting digital wallets and card programs across Latin America.
BPP is a Brazilian payments and financial solutions provider formerly known as Brasil Pré-pagos. It offers streamlined services for business transactions and financial management. Headquartered in Brazil, BPP empowers companies with practical payment tools via bpp.com.br.
Muxi is a Brazilian payment processing firm headquartered in Rio de Janeiro, evolving from APPI Tecnologia founded in 1993. It captures transactions for credit, debit, prepaid cards, freight, loyalty programs, health, mobile top-ups, and transport via POS, mobiles, tablets, PCs, and web. Services include integration, data centers, and network management.
HQ CountryMexicoBrazilBrazil
HQ City
Mexico City
Curitiba
Rio de Janeiro
Deal Date7 Dec 20217 Oct 202130 Jul 2020
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Dock Competitors

Dock competitors include listed companies like Paymentus and eFinance, and private ones like Billdesk, Juspay, Payhawk and Primer.

Public and private companies comparable to Dock
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BilldeskIndiaMumbaiPrivate$99M-$1.8B18.2x
JuspayIndiaIndiaPrivate$55M-$1.2B19.7x
PayhawkBulgariaSofiaPrivate$45M-$1B-
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x
PrimerUnited KingdomLondonPrivate$4M-$425M106.3x
eFinanceEgyptEgyptPublicly listed$130M$67M$1.6B-

Dock Public Comps

Dock is still privately-owned, but its public comps include eFinance, Marqeta, Evertec, Fawry, PicPay, Isracard, Computer Age Management Services, Optasia, Jiangsu Tongxingbao and Eurowag.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
eFinance$130M$67M11.8x-22.8x-
Marqeta$625M$14M1.5x1.4x69.6x7.1x
Evertec$932M$330M3.0x2.7x8.6x6.8x
Fawry$166M$73M6.8x5.2x15.4x9.6x
PicPay$1.2B$205M1.0x0.5x6.0x3.8x
Isracard$1.2B$48M1.9x-49.8x-
Computer Age Management Services$158M$74M11.2x10.5x23.8x23.0x
Optasia$265M$79M4.3x3.6x14.5x9.1x

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Common questions about Dock

When was Dock founded?Dock was founded in 2014.
Where is Dock headquartered?Dock is headquartered in São Paulo, Brazil.
Is Dock publicly listed?No, Dock is a private, VC-backed company.
What is Dock's valuation?Dock was last valued at $1.5B in its undisclosed-stage round in May 2022.
How much funding has Dock raised?Dock has raised $280M across 2 funding rounds.
What was Dock's last funding round?Dock's last funding round was a $110M undisclosed-stage round in May 2022, led by Lightrock and Silver Lake Waterman.
Who are Dock's investors?Dock's investors include Viking Global Investors, Sunley House Capital Management, Temasek, Riverwood Capital, Silver Lake Waterman and Lightrock.
Which companies are comparable to Dock?Companies comparable to Dock include Billdesk, Juspay, Payhawk, Paymentus, Primer and eFinance.
How many companies has Dock acquired?Dock has acquired 3 companies, including CacaoPaycard, BPP and Muxi.

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