Visa-Backed Fintech in Brazil Buys Mexican Card Processor Cacao
- Sao Paulo-based Dock provides infrastructure to fintechs
- Firm sees growth potential in region’s big unbanked population
This article is for subscribers only.
Dock, a Brazilian fintech backed by Visa Inc., said it acquired Cacao Paycard Solutions SA de CV, a Mexico City-based card-processing solutions company.
Dock, which provides infrastructure for Latin American financial-technology companies, didn’t disclose the price of the transaction.