The co-president of the Uruguayan unicorn ruled out “an active search” to complete the operation and referred to the accusations of the Argentine Justice.
The co-president and Chief Strategy Officer (CSO) of dLocal, Sergio Fogel, He denied rumors indicating a sale of the fintech and stated that the firm “is not actively seeking” to complete an operation.
The founder of Uruguayan unicorn He expressed this during his speech at the event America Business Forum, an event held in Punta del Este in which more than 5,000 businessmen and representatives of the private sector participated, reflecting on the future of the region.
When pointing out the versions that indicated the sale of the company, Fogel He noted that “that was a rumor, that the stock was going down.” Although he clarified that “dLocal “It is a public company and, if there is an offer, we have a fiduciary responsibility to our shareholders to evaluate it,” he warned: “We are not actively looking.”
On the other hand, he valued the growth of the firm and highlighted that “45 million people pay through dLocal, But most people don’t know it.” In turn, he referred to the philosophy of fintech and stated: “We hire very young people and we give them a lot of responsibility from early on.”
In the same way, he made the company’s demands clear. “We have no problem with people making mistakes, but we have no tolerance for negligence,” he said.
The dispute with Argentina is “a chapter passed”
Furthermore, the co-president of dLocal referred to the accusations of the Justice of Argentina about alleged fraud on the part of the company, which had its impact on the value of the shares. “They are delicate topics. dLocal “It is completely regulated,” he stated in principle.
Then, Fogel He explained that “specifically in Argentina “All the payments we take out of the country have very detailed regulations for each transfer we make, which correspond to the final consumers.”
Regarding how the process followed, he indicated that “we do everything according to current regulations and we explain it to the markets.” Finally, he highlighted that “after that the action in the markets recovered from 13 dollars to 19 dollars” and defined the conflict as “a chapter that we consider over.”
Source: Ambito
