After the accusation for alleged fraud by the government of the neighboring country, the Uruguayan unicorn was listed on Wall Street.
The actions of the Uruguayan unicorn dLocal they rebounded a 8.41% in the reopening of the Wall Street stock market, after the holiday this Monday in that country, trying to leave behind the denunciations of the government of Argentina for alleged irregularities and the alleged “escape” of some 400 million dollars.
After plunging more than 17% last week, shares of the fintech company sold to $12.37 and they evidenced an important rehabilitation, in the midst of the suspicions that were installed from the neighboring country, something that was denied by the authorities of the Uruguayan company.
The rebound came after last Friday the shares of dLocal collapsed a 17.32% on Wall Street, the day the Argentine accusations became known. That day, they closed $11.41 and there was also a drop in the stock market capitalization, which was close to 3,364 million dollars.
dLocal’s response, which operates normally
A fintech source confirmed that so far they have not been notified of any cause. “We have not received any complaint. Our lawyers have not. Nothing has been received from abroad, nothing out of the ordinary,” the spokesperson, who is in charge of processing cross-border payments, told EFE.
From dLocal they indicated that “there are continuously points of investigation” and that in the event that the Argentine Justice requires information on the operations, the company is “totally open to collaborate”. Along these lines, he indicated that “for the moment the company continues to operate regularly and completely normal.
He argentine government stated that dLocal It has practically no fixed assets and declares rents that would belong to the “domicile of its exploitation”. At the same time, Customs from that country indicated that the fintech receives invoices from abroad from its parent company, then issues B invoices to foreign clients to justify income and also invoices companies of the same group.
Within the framework of these suspicions, from the neighboring country they promote the investigation considering that the company sought to avoid the obligation to liquidate foreign currency from the export of services. For all this, they warn that, if these data are contrasted with USA, will make a presentation to the SEQ.
Source: Ambito
