DLocal
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. As of 3 June 2021, dLocal went public, reaching a stock market valuation of US$9.5 billion. It is listed at Nasdaq, 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. In June 2025, dLocal announced plans to acquire AZA Finance, an African payments provider, for a reported $150 million. Their founders, Andrés Bzurovski and Sergio Fogel, are among the 2,000 richest people in the world, according to Forbes.
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 dLocal Logo | |
| Company type | Public |
|---|---|
| Nasdaq: DLO (Class A) | |
| Industry | Financial technology |
| Founded | 2016, in Montevideo, Uruguay |
| Founder | Sergio Fogel, Andres Bzurovski |
| Headquarters | Montevideo , Uruguay |
Number of locations | over 20 offices worldwide (2024) |
Key people | Pedro Arnt (CEO) Carlos Menendez (COO) Mark Ortiz (CFO) |
Number of employees | 1000 (2024) |
| Website | dlocal.com |
| Footnotes / references [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.[2] It is listed at Nasdaq,[3] being the second Uruguayan company in history to reach Wall Street after Starmedia in the 1990s.[2]
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]
References
[edit]- ^ "dLocal Limited 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 2 May 2022.
- ^ a b c "All about the first Uruguayan unicorn". Teledoce.com (in Spanish). 16 September 2020.
- ^ "dLocal goes public". swissinfo.ch (in Spanish). 3 June 2021.
- ^ "Cross-Border Payment Firm Accelerates Expansion Plans". ETF Database. Retrieved 2025-07-30.
- ^ "Uruguay's DLocal Agrees to Buy AZA Finance in Africa Push". Bloomberg.com. Archived from the original on 2025-07-25. Retrieved 2025-07-30.
- ^ "Two Uruguayans among Forbes' new billionaires". El Observador (in Spanish). 6 April 2022. Retrieved 6 April 2022.
External links
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