The Uruguayan unicorn obtained US$188 million at the end of 2023 and expects a profit of up to US$240 million by 2024.
dLocal, the first unicorn Uruguay, increased its income by 59% during the fourth quarter of 2023, a year marked by changes and a series of judicial problems with the then government of Argentina, conducted by Alberto Fernandez.
When presenting its financial results, for a total of 188 million dollars in the period between October and December of last year, the fintech He also announced to Mark Ortiz as its next financial director, a position he will assume starting April 15.
He Uruguayan unicorn It also reported a 47% increase in its net income for the fourth quarter, compared to the same period of the previous year, reaching 28.5 million dollars. “Profits would have reached $40.6 million if it were not for the Argentine operations of the company, where the weight devalued significantly in December,” the firm stated.
In addition, dLocal reaffirmed its billing guidance for this year and anticipated that it expects an adjusted Ebitda profit of between $220 million and $240 million for this year.
Fintech, which operates in most of Latin America, as well as in parts of Africa and Asia for clients like Netflix and amazon, noted that quarterly payment volumes grew 55% year-on-year to a record $5.11 billion.
The appointment of Mark Ortiz as CFO
The CEO of dLocal, Pedro Arnt, He expressed confidence in the performance of Mark Ortiz the brand new financial director, highlighting him as a man with more than 30 years of experience in financial and operational management.
Ortiz, who highlighted “the potential growth” of fintech, will oversee the financial operations key functions, including accounting, financial planning and analysis, and treasury functions.
Throughout his career, the new CFO held important positions, having been Global FP&A Leader for GE Capital and CFO for the businesses Industrial Finance and Energy Financial Services.
Source: Ambito
