Fintech Startup for Cross-border Payments dLocal Secures $200M

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Uruguayan fintech company for Cross-border Payments – dLocal has raised its evaluation to $1.2 billion following the latest funding round. Latin America’s newest Unicorn received continued funding from General Atlantic and welcomed Addition as a new investor.
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dLocal Among Highest-Valued Latin American Financial Technology Companies
dLocal, which was founded upon the mission of closing the payments innovation gap that exists between developed countries and emerging economies. Its 360°, single-API platform is designed to handle and facilitate mass online payments across Latin America, APAC, the Middle East, and Africa.
Currently, dLocal serves the fintech market as a leading cross-border payment platform connecting global merchants to emerging markets.  By announcing $200 million in new investment, which was led by existing investor General Atlantic, a leading global growth equity firm with a presence across North and South America, Europe and Asia, dLocal has made an exceptional journey since its inception.
“I am extremely proud of what the team at dLocal has achieved since we started serving global e-commerce players four years ago,” said Sebastián Kanovich, CEO of dLocal.
Sebastian added, “Beyond securing unicorn status and becoming one of the highest-valued Latin American financial technology …

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