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Uruguay’s DLocal Valued at $5 Billion After Alkeon and Tiger Invest

2021-04-05T13:49:46-03:00April 5, 2021|Categories: Economy|Tags: , , |

DLocal, a payments startup, has seen its valuation more than quadruple to $5 billion after raising $150 million in an investment round led by Alkeon Capital. The Montevideo, Uruguay-based company also raised fresh capital from investment firms Bond, D1 Capital Partners and Tiger Global. DLocal, which processes cross-border payments, separately appointed Sumita Pandit, a former [...]

Uruguay has it’s first unicorn company

2020-10-27T10:59:38-03:00October 13, 2020|Categories: Health, Science and Technology, Made In, Uruguayans to the World|Tags: , |

The fintech company dLocal was valued at over USD 1 billion, reflecting the potential of Uruguay's digital services sector. With a global approach, a vocation for innovation, and young talent as its main distinctive features, the Uruguayan fintech dLocal became the first Uruguayan unicorn company. This is a rating that emerging businesses receive when they exceed a valuation of [...]

dLocal becomes Latin America’s latest fintech unicorn

2020-09-23T10:39:43-03:00September 23, 2020|Categories: Economy, Rankings|Tags: , , |

Montevideo, Uruguay-based fintech dLocal has achieved a valuation of US$1.2bn, making it Latin America’s latest fintech unicorn Not only is it one of the continent’s most highly valued fintechs it is also Uruguay’s first and (to date) only unicorn. The company reached the milestone following a $200m funding round led by previous investor General Atlantic, [...]

Uruguay’s dLocal integrates with Shopify

2020-05-20T13:37:01-03:00May 20, 2020|Categories: Health, Science and Technology, Made In|Tags: , , |

dLocal, an Uruguayan company that specializes in cross-border payments for emerging markets, recently announced a partnership with Canadian e-commerce company Shopify. This partnership allows international e-commerce merchants to accept local payment methods in emerging markets through dLocal’s payment processing network. With dLocal, merchants can bypass the typically time-consuming setup through a payment gateway and gain real-time [...]