Uruguay’s DLocal Is Exploring a Potential Sale, Sources Say

The payments unicorn is considering a series of possibilities, including a sale, according to information provided to Bloomberg News

Uruguay’s DLocal Is Exploring a Potential Sale, Sources Say
By Matthew Monks, Jan-Henrik Förster and Gillian Tan
August 14, 2023 | 03:09 PM

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Bloomberg — DLocal Ltd. (DLO), a provider of payments services to businesses in emerging markets, is exploring options including a potential sale, according to people familiar with the matter. The Montevideo, Uruguay-based company, which is working with a financial adviser, has been talking with potential buyers, said the people, who asked to not be identified because the matter isn’t public. The company has received takeover interest, they said.

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No final decision has been made and DLocal could opt to remain independent, the people added.

DLocal, which trades in the US, rose 9.1% to $13.83 at 3:38 p.m. in New York on Monday, giving it a market value of about $4.1 billion.

A representative for DLocal declined to comment.


The payments industry has been consolidating for years as consumers increasingly move away from using cash. Last month, GTCR agreed to buy a majority stake in Fidelity National Information Services Inc.’s card-payments arm WorldPay in a deal valuing the business at $18.5 billion.

DLocal, which went public in 2021, provides payment services across 40 countries, with a particularly strong presence in Brazil, Mexico, Argentina, and Chile, according to its annual report. Growth equity firm General Atlantic owned about 21% of DLocal’s common shares as of March 31.

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DLocal’s stock fell earlier this year on a report in the local newspaper Infobae that Argentine authorities were investigating the company for allegedly breaching capital controls. DLocal described that report as factually incorrect.

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