DLocal

Last updated
dLocal Limited
Company type Public
Nasdaq:  DLO (Class A)
Industry Financial technology
Founded2016;9 years ago (2016), in Montevideo, Uruguay
FounderSergio 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

  1. ↑ "dLocal Limited 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 2 May 2022.
  2. 1 2 3 "All about the first Uruguayan unicorn". Teledoce.com (in Spanish). 16 September 2020.
  3. ↑ "dLocal goes public". swissinfo.ch (in Spanish). 3 June 2021.
  4. ↑ "Cross-Border Payment Firm Accelerates Expansion Plans". ETF Database. Retrieved 2025-07-30.
  5. ↑ "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.
  6. ↑ "Two Uruguayans among Forbes' new billionaires". El Observador (in Spanish). 6 April 2022. Retrieved 6 April 2022.


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