Dock, an innovator in financial technology infrastructure across Latin America, announced the acquisition of BPP, a payment institution regulated by the Central Bank of Brazil that specializes in Banking-as-a-Service (BaaS). The acquisition, subject to customary closing conditions, including regulatory approvals, accelerates Dock’s full stack BaaS platform integrations and reinforces the product offering within Brazil’s instant payment system (PIX), introduced by the Central Bank in November 2020. BPP, formerly known as Brasil Pré-Pagos, was an early pioneer in white label payments infrastructure. In 2019, the company became the first BaaS provider to be a fully licensed payment institution in Brazil and has experienced substantial growth in customers and volumes, around offering integrations with PIX.
The two companies process over 300 million in monthly transactions, making the combined company the clear BaaS leader in Brazil and Latin America. Speaking about the combination. Dock continues to experience strong business momentum across new customer acquisitions, new product development, and geographic expansion. Dock is a leading provider of modern financial technology infrastructure in Latin America. Dock unlocks business value, innovation, and scalability for its customers by offering Card Issuing, Digital Banking and Acquiring through its comprehensive platform. Dock’s modular solutions enable mission-critical processes that accelerate a company’s ability to bring new digital payments and banking services to market. The end result is a wider array of innovative products, greater consumer access to financial services, and improved customer experiences.