DLocal explained

dLocal Limited
Image Alt:dLocal office with logo
Type:Public
Industry:Financial technology
Predecessors:-->
Founded:, in Montevideo, Uruguay
Founder:Sergio Fogel, Andres Bzurovski
Successors:-->
Hq Location City:Montevideo
Hq Location Country:Uruguay
Num Locations:over 20 offices worldwide
Num Locations Year:2024
Emerging Markets, Including Africa, Asia, And Latin America:-->
Key People:Pedro Arnt (CEO)
Carlos Menendez (COO)
Mark Ortiz (CFO)| products = | production = | production_year = | brands = | services = | owner = | members = | members_year = | num_employees = 1000| num_employees_year = 2024| parent = | divisions = | subsid = | module = | website = | footnotes = [1] }}dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.

Established in 2016 as a startup, soon it became the first Uruguayan unicorn. The company has offices in Montevideo, São Paulo, San Francisco, London, Tel Aviv and Shenzhen.[2]

As of 3 June 2021, dLocal went public, reaching a stock market valuation of US$9.5 billion. It is listed at Nasdaq,[3] being the second Uruguayan company in history to reach Wall Street after Starmedia in the 1990s.

In 2021, dLocal acquired payments provider PrimeiroPay for $40 million.[4]

In June 2025, dLocal announced plans to acquire AZA Finance, an African payments provider, for a reported $150 million.[5]

Their founders, Andrés Bzurovski and Sergio Fogel, are among the 2,000 richest people in the world, according to Forbes.[6]

External links

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Notes and References

  1. Web site: dLocal Limited 2021 Annual Report (Form 20-F) . 2 May 2022 . U.S. Securities and Exchange Commission.
  2. Web site: All about the first Uruguayan unicorn . . 16 September 2020 . es .
  3. Web site: dLocal goes public . . 3 June 2021 . es .
  4. Web site: Cross-Border Payment Firm Accelerates Expansion Plans . 2025-07-30 . ETF Database . en.
  5. News: Uruguay’s DLocal Agrees to Buy AZA Finance in Africa Push . https://web.archive.org/web/20250725212255/https://www.bloomberg.com/news/articles/2025-06-03/dlocal-said-to-near-150-million-deal-for-aza-in-africa-push . 2025-07-25 . 2025-07-30 . Bloomberg.com . en.
  6. Web site: Two Uruguayans among Forbes' new billionaires . . 6 April 2022 . 6 April 2022 . es .