| Traded as | (Class A) |
|---|---|
| Industry | Financial technology |
| Founded | 2016 (age 10), in Montevideo, Uruguay |
| Founder | Sergio Fogel, Andres Bzurovski |
| Hq location city | Montevideo |
| Hq location country | Uruguay |
| Num locations (2024) | over 20 offices worldwide |
| Key people | Pedro Arnt (CEO) Carlos Menendez (COO) Mark Ortiz (CFO) |
| Num employees (2024) | 1000 |
| Website | dlocal.com |
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.[1]
As of 3 June 2021, dLocal went public, reaching a stock market valuation of US$9.5 billion.[1] It is listed at Nasdaq,[2] being the second Uruguayan company in history to reach Wall Street after Starmedia in the 1990s.[1]
In 2021, dLocal acquired payments provider PrimeiroPay for $40 million.[3]
In June 2025, dLocal announced plans to acquire AZA Finance, an African payments provider, for a reported $150 million.[4]
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.[5]
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.[6]
Their founders, Andrés Bzurovski and Sergio Fogel, are among the 2,000 richest people in the world, according to Forbes.[7]
References
- ^ "All about the first Uruguayan unicorn" (in Spanish). Teledoce.com. 16 September 2020.
- ^ "dLocal goes public" (in Spanish). swissinfo.ch. 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 2025-07-25 at the Wayback Machine. Retrieved 2025-07-30.
- ^ Browne, Ryan (7 January 2025). "dLocal, Latin America's answer to Stripe, wins UK license in global expansion push". CNBC. Retrieved 2026-04-22.
- ^ "Emerging Market Payments Provider DLocal Plans a Push Into Asia". Bloomberg. 15 January 2026. Retrieved 2026-04-22.
- ^ "Two Uruguayans among Forbes' new billionaires" (in Spanish). El Observador. 6 April 2022. Retrieved 6 April 2022.