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Uruguay-based dLocal secures USD 150 mln investment

Monday 5 April 2021 14:06 CET | News

Cross-border payments startup dLocal has raised USD 150 million at a USD 5 billion valuation, less than seven months after securing USD 200 million at a USD 1.2 billion valuation, according to TechCrunch.

This means that the five-year-old Uruguayan company has effectively quadrupled its valuation in a matter of months. Alkeon Capital led the latest round, which also included participation from BOND, D1 Capital Partners and Tiger Global. General Atlantic led its previous round, which closed last September and made dLocal Uruguay’s first unicorn and one of Latin American’s highest-valued startups.

DLocal connects global enterprise merchants with ‘billions’ of emerging market consumers in 29 countries across Asia-Pacific, the Middle East, Latin America, and Africa. More than 325 global merchants, including ecommerce retailers, SaaS companies, online travel providers, and marketplaces use dLocal to accept over 600 local payment methods. They also use its platform to issue payments to their contractors, agents, and sellers. Some of dLocal’s customers include Amazon, Booking.com, Dropbox, GoDaddy, MailChimp, Microsoft, Spotify, TripAdvisor, Uber, and Zara. 


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Keywords: dLocal, cross-border payments, startup, fintech, investment
Categories: Payments & Commerce | Online Payments
Countries: Uruguay
This article is part of category

Payments & Commerce