The Uruguayan unicorn will deliver the data to Argentine Customs next week, its co-founder Sergio Fogel said.
dLocalthe Uruguayan unicorn of digital payments, confirmed that it finally received a request for information from the authorities in Argentinawhich will respond before June 6, according to its co-founder, Sergio Fogel.
dLocal suffered a blow on Friday after the Argentine press reported that the government of that country was investigating the company for overbilling of digital services, which allowed funds to be sent abroad for at least 400 million dollars, which would constitute possible fraud. That day, and despite a statement in which the fintech described the journalistic information as “inaccurate and misleading”, his shares fell on the NYSE more than 17%.
Sergio Fogel told the Reuters agency that dLocal is complying with a request for information from the Argentine Customs authorities and noted that “strictly follow the regulations“So far we have only received one request for information, which of course we will respond to in time,” he said. “We are confident that we will receive a good response from the authorities after this,” he added.
dLocal has been backed by major technology funds such as General Atlantic, Tiger Global and D1. Your actions in nasdaq they were up more than 8% on Tuesday.
A string of headaches for dLocal
American short selling firm Muddy Waters he also criticized dLocal in a November report, after finding alleged accounting discrepancies in its balance sheet, sparking a sell-off that dragged shares of Uruguay’s first unicorn plunging more than 50%.
At the time, dLocal claimed that Muddy Waters’ report contained “numerous misstatements, unsubstantiated claims, and speculation” but conducted a special audit of his accounts.
The fintech, which operates in most of Latin Americaas well as in parts of Africa and Asiaposted a 35% year-over-year rise in its first-quarter net profit and is gearing up for an investor day in New York on June 8.
Source: Ambito
