Brazilian startup Dock has introduced DockCred, a credit platform that enables clients to extend credit through customized payment plans without relying on banks or credit cards. DockCred will leverage Dock’s data and analytics capabilities to assess the creditworthiness of borrowers and provide them with tailored payment plans.
The platform will also offer features for borrowers to track payments and manage their credit. DockCred aims to address the credit needs of small and medium-sized businesses (SMBs) and consumers who often face challenges accessing credit through traditional channels.
DockCred is part of Dock’s strategy to expand its lending business, following its acquisition of Brazilian payments company Moip in 2022. Moip’s platform, which facilitates online and in-person payments, will integrate with DockCred, allowing Dock to offer credit services to its merchant customers.
As a prominent fintech company in Brazil, Dock has garnered significant funding since its establishment in 2016, raising over $1 billion.
Infra.Market’s $150 million funding from Varde Partners to fuel growth and prepare for IPO
