Rapyd Launches Full-Stack Fintech-as-a-Service in Brazil with Dock
On March 9, 2020, Rapyd announced its all-in-one payment and fintech-as-a-service solution for the Brazilian market. The company partnered with Dock, a BaaS technology provider, along with Banco Rendimento and other local partners to deliver a comprehensive financial services stack. The solution enables businesses to offer white-label e-wallets, local card issuing, cash-based payments, bank transfers, boleto payments, and card acceptance through a single API integration.
This approach eliminates the need for businesses to build individual integrations with multiple local financial providers. The offering targets both domestic Brazilian companies and global businesses seeking to expand operations into Brazil. By leveraging Dock's BaaS infrastructure and Banco Rendimento's banking license, Rapyd reduces the complexity and time-to-market for embedded finance solutions in one of Latin America's largest economies.
Financial terms of the partnerships were not disclosed.
- Accelerates embedded finance adoption in Latin America's largest market by simplifying multi-provider integration
- Demonstrates growing BaaS model where global fintechs partner with local banks and tech providers to enter emerging markets