dLocal was founded in 2016 by Andres Bzurovski and Sergio Fogel in Montevideo, Uruguay. The company went public on the NASDAQ in June 2021 and trades under the ticker DLO.
dLocal solves a specific problem: global companies like Amazon, Microsoft, Spotify, and Nike need to accept local payment methods in emerging markets — think Boleto Bancario in Brazil, OXXO in Mexico, or UPI in India. These aren’t places where everyone has a Visa card. dLocal’s single API lets merchants connect to 900+ local payment methods across 40+ countries in Latin America, Africa, and Asia.
The “one-to-many” model is dLocal’s key advantage. Instead of integrating separately with local acquirers and payment networks in each country, merchants integrate once with dLocal. The platform handles local payment processing, currency conversion, tax compliance, and payouts. It also works in the other direction — platforms like Uber and Deel use dLocal to pay contractors and drivers in local currencies.
dLocal’s customer list reads like a tech who’s-who: Amazon, Google, Microsoft, Spotify, Uber, Shopify, Didi, and ByteDance, among others. The company processes billions in annual payment volume.
Revenue for 2023 was approximately $660 million. dLocal has faced some controversy — a short-seller report in 2023 raised questions about its accounting, which the company disputed. It’s headquartered in Montevideo with offices across Latin America and beyond.
