the uruguayan unicorn dLocal received authorization from Central Bank (BC) of Brazil to operate as a payment entity, both in the modalities of issuer of electronic money as well as initiator of payment transactions.
The fintech will be based in Saint Paul and its social capital will be 36 million reais (7,567,318 million dollars). The controllers are Aline Eva Herrnstadt Chodorow, Andres Bzurovski Bay and Sergio Fogel, reported Economic Value.
Founded in 2016, DLocal offers local payments in emerging markets, connecting global merchants in more than 40 countries across Asia Pacific, the Middle East, Latin America, and Africa. According to the company, more than 900 payment methods are offered.
dLocal, whose clients include large companies such as Amazon, uber and bookingcurrently has a market capitalization of around $4 billion.
At the beginning of June, the technology company participated in the emblematic opening of nasdaq in commemoration of two years of participation in the Stock Market, at a time when he was facing an accusation in Argentina for overbilling.
Shortly after, dLocal announced an investment of 100 million dollars in that country, with the aim of showing its “economic substance” after the accusation of fraud.
The Uruguayan payment platform continues to work to recover its good name amid new investigations into its finances, this time promoted by the Argentine government, which accuses it of currency flight and money laundering for an amount of around 400 million dollars.
In its latest financial results report for the first quarter of 2023, the Uruguayan fintech dLocal reported income for $137.3 million what a meant 57% year-on-year climbmotorized mainly by its businesses in Asia and Africaparticularly in Nigeria.
In Latin America, meanwhile, the percentage was 26.6%, less than average. Still, your stake in total is 72% at the moment.
Source: Ambito
