Dock Announces Acquisition of Brazilian Banking-as-a-Service Provider BPP

Fazzaco learned that Dock, an innovator in financial technology infrastructure across Latin America, has announced its acquisition of BPP, a Brazilian Banking-as-a-Service(BaaS) provider regulated by the Central Bank of Brazil.

The deal is subject to customary closing conditions, including regulatory approvals. It is expected to accelerate Dock’s full stack BaaS platform integrations as well as reinforce the product offering within Brazil’s instant payment system (PIX).

“This is a transformational milestone for Dock,” said Antonio Soares, Chief Executive Officer of Dock. “We believe that integrating BPP’s already established direct connections to local payment rails into our product offering provides immediate value to our customer base as we pursue a fully aligned vision of the future. We are thrilled to be in a position to add value to current BPP customers, who will be able to accelerate their business faster now that they will be integrated with the most complete and composable payments and digital banking platform in Latin America.”

“We are thrilled to join Dock on its journey to change the future of finance and banking in Latin America,” said Paulo Della Volpe, Chief Executive Officer of BPP. “This combination is a perfect match for our employees and customers. We look forward to becoming a part of Dock’s vibrant, innovative culture, and playing our part in the next chapter of growth.”