Brazil Fintech Dock Launches Credit Tool to Expand Lending (1)

Dock, which builds and provides payments services and digital banking to companies across Latin America, is rolling out a tool to allow firms to extend lending and control repayment terms.

The service, which will launch in Brazil and be available globally, will allow Dock’s clients to extend credit through payment plans without using a credit card company as an intermediary, founder and Chief Executive Officer Antonio Soares said in an interview.

“The companies know their clients best and we’ve created simple financial services that allows them to provide the service,” he said. “The decision-making process for consumers who want ...