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Uruguayan payment Fintech dLocal has just received authorisation from the Central Bank (BC) to operate in Brazil as a payment institution (PI). The authorisation is valid for the modalities of electronic money issuer (which allows managing prepaid payment accounts) and payment transaction initiator (ITP).
According to the publication in the Federal Official Gazette of this Monday (17), the IP of dLocal Brasil is based in São Paulo (SP) and is born with a share capital of BRL 36 million. The controllers are Aline Eva Herrnstadt Chodorow, Andrés Bzurovski Bay and Sergio Enrique Fogel Kaplan - the latter two are co-founders of fintech.
Founded in early 2016, dLocal is a cross-border payment processor that connects global merchants to more than 900 payment methods in 40 countries across the Latin America, Asia-Pacific, Middle East and Africa regions.
In all, more than 600 merchants and PSPs (payment service providers) use the fintech's solutions. On the list are giants such as Uber, Booking.com, Rappi, Amazon, Dropbox, among others. In the first quarter of this year, the company added a record total payment volume (TPV) of US$3.6bn.
Uruguay's first unicorn, dLocal achieved this status in September 2020, when it received US$200 million in a round led by General Atlantic (GA). Less than a year later, the fintech company made a successful debut on Nasdaq, reaching a valuation of more than US$11bn. Today, the company has a market cap of just over $4bn.
The company's main competitor is Brazilian unicorn Ebanx, which helps global brands process and manage payments in 18 countries - 15 in Latin America and 3 in Africa.
Since its founding in 2012, the company has raised $460 million, according to Crunchbase. The latest round was announced in June 2021, when it received $430 million in a round led by Advent International. Since then, the fintech has been aiming for an IPO, but has yet to find a favourable window.
Liquido, founded about three years ago in the city of Mountain View, California, by the duo Shanxiang Qi (ex-DiDi and Uber) and MengKe 'MK' Li (ex-Google and Microsoft), also recently landed in Brazil. We told this story first hand on Finsiders.
Uruguayan payment Fintech dLocal has just received authorisation from the Central Bank (BC) to operate in Brazil as a payment institution (PI). The authorisation is valid for the modalities of electronic money issuer (which allows managing prepaid payment accounts) and payment transaction initiator (ITP).
According to the publication in the Federal Official Gazette of this Monday (17), the IP of dLocal Brasil is based in São Paulo (SP) and is born with a share capital of BRL 36 million. The controllers are Aline Eva Herrnstadt Chodorow, Andrés Bzurovski Bay and Sergio Enrique Fogel Kaplan - the latter two are co-founders of fintech.
Founded in early 2016, dLocal is a cross-border payment processor that connects global merchants to more than 900 payment methods in 40 countries across the Latin America, Asia-Pacific, Middle East and Africa regions.
In all, more than 600 merchants and PSPs (payment service providers) use the fintech's solutions. On the list are giants such as Uber, Booking.com, Rappi, Amazon, Dropbox, among others. In the first quarter of this year, the company added a record total payment volume (TPV) of US$3.6bn.
Uruguay's first unicorn, dLocal achieved this status in September 2020, when it received US$200 million in a round led by General Atlantic (GA). Less than a year later, the fintech company made a successful debut on Nasdaq, reaching a valuation of more than US$11bn. Today, the company has a market cap of just over $4bn.
The company's main competitor is Brazilian unicorn Ebanx, which helps global brands process and manage payments in 18 countries - 15 in Latin America and 3 in Africa.
Since its founding in 2012, the company has raised $460 million, according to Crunchbase. The latest round was announced in June 2021, when it received $430 million in a round led by Advent International. Since then, the fintech has been aiming for an IPO, but has yet to find a favourable window.
Liquido, founded about three years ago in the city of Mountain View, California, by the duo Shanxiang Qi (ex-DiDi and Uber) and MengKe 'MK' Li (ex-Google and Microsoft), also recently landed in Brazil. We told this story first hand on Finsiders.