DLocal

dLocal Limited
Company type
Public
Nasdaq: DLO (Class A)
IndustryFinancial technology
Founded2016; 10 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)
Websitedlocal.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]

In January 2025, dLocal secured an Authorised Payment Institution license from the United Kingdom's Financial Conduct Authority, enabling the company to onboard UK merchants through its local entity, dLocal Opco UK.[6]

In January 2026, dLocal announced Asia as a strategic priority for expansion, with plans to hire dozens of employees and secure additional regulatory licenses in key markets including Vietnam and Thailand.[7]

Their founders, Andrés Bzurovski and Sergio Fogel, are among the 2,000 richest people in the world, according to Forbes.[8]

References

  1. ^ "dLocal Limited 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 2 May 2022.
  2. ^ a b c "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. ^ Browne, Ryan (7 January 2025). "dLocal, Latin America's answer to Stripe, wins UK license in global expansion push". CNBC. Retrieved 2026-04-22.
  7. ^ "Emerging Market Payments Provider DLocal Plans a Push Into Asia". Bloomberg. 15 January 2026. Retrieved 2026-04-22.
  8. ^ "Two Uruguayans among Forbes' new billionaires". El Observador (in Spanish). 6 April 2022. Retrieved 6 April 2022.


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