Dlocal Limited
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Dlocal Limited - overview
Established
2016
Location
Montevideo, -, Uruguay
Primary Industry
Financial Services
About
Based in Montevideo, Uruguay, and founded in 2016, Dlocal Limited (Dlocal) operates as a payment platform. The company was founded by CEO Sebastián Kanovich and Sergio Fogel. As of 2021, Dlocal service is available in over 29 countries across Asia-Pacific, the Middle East, Latin America, Africa and its client base includes Amazon, Booking. com, Dropbox, GoDaddy, MailChimp, Microsoft, Spotify, TripAdvisor, Uber, and Zara.
In April 2021, Dlocal raised USD 150 million in venture funding led by new investor Alkeon Capital Management that values the company at USD 5 billion post-money. In June 2021, Dlocal raised USD 617. 65 million in an IPO and got registered on Nasdaq under the ticker symbol DLO. In October 2021, Dlocal raised 896.
07 million in a private placement, selling 17 million shares at USD 52. 71 per share on the Nasdaq. As of 2022, Dlocal has over 500 employees across 6 offices globally. Dlocal is a developer of an online payment platform that offers single integration, analytic tools, taxes & regulation for businesses.
The company also offers a mobile application that enables its users to access its software and services. The company’s solutions include Payins, a payment collection interface for businesses to accept payments with smart routing, smart chaining, google pay, and recurring and billing along with alternative payment method experience such as cash payment, bank transfers, eWallets, direct debit, mobile payments, and pay later. The firm provides Payouts for businesses to pay local sellers and partners by depositing local currency in their accounts as well as Direct Issuing branded virtual and physical cards in local currencies. DLocal earns revenue from fees charged to their merchants in connection with payment processing services for cross-border and local payment transactions in emerging markets which includes a Merchant Discount Rate (MDR) to compensate the company for their services, as well as an FX service fee earned on payments involving conversion and expatriation of funds to and from various currencies, including the U.
S. dollar and the Euro. In 2020, the company recorded revenue of USD 104 million. The company plans on utilizing the Series C funding to expand geographically and improve its technology.
Current Investors
EXPAND Venture, General Atlantic, Addition
Primary Industry
Financial Services
Sub Industries
e-Financial, Application Integration Software
Website
www.dlocal.com
Verticals
Cloud Computing, FinTech, FinTech
Company Stage
Mature
Total Amount Raised
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Dlocal Limited - timeline of key events
Dlocal Limited - employee data
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