- DLocal is a cross-border payment processor that connects global merchants to emerging markets.
- Over 450 global e-commerce merchants, online travel providers.
- DLocal raises $ 150 million at a $ 5 million valuation.
- DLocal’s unique platform empowers merchants with a single integrated payment solution.
DLocal is a 360 payments technology platform designed to handle mass online payments in emerging markets across LATAM, APAC, and EMEA. The company’s payment platform empowers anyone to reach billions of customers, accept payments, send payouts, and settle funds globally. By operating as the payments processor and merchant of record in each market, DLocal is making it simple for online companies to reach 2 billion digitally-savvy consumers in today’s fastest-growing markets.
Over 450 global e-commerce merchants, online travel providers, and marketplaces rely on DLocal to accept more than 300 locally-relevant payment methods including local credit and debit cards, bank transfers, and cash payments. And as well as issue millions of payments to their contractors, agents, and sellers in growth markets around the world. DLocal spun-off from AstroPay in January 2016.
Cross-border payment startup DLocal raises $150 Million
Cross-border payment startup DLocal Less than seven months after achieving $ 200 million at a $ 1.2 billion valuation, it has raised $ 150 million at a $ 5 million valuation. Uruguayan company has effectively squashed its valuation within a few months. Alken Capital led the latest round, including the participation of Bond, D1 Capital Partners, and Tiger Global. General Atlantic led its rear. The goal, Which closed last September and became Doklam Uruguay’s first unicorn and one of Latin American’s most valuable startups.
DLocal connects global enterprise merchants with “billions” of emerging market consumers in 29 countries in Asia-Pacific, Middle East, Latin America, and Africa. More than 325 global merchants, including e-commerce retailers, SaaS companies, online travel providers and marketplaces, use DLocal to accept over 600 local payment methods. They also use their platform to issue payments to their contractors, agents and vendors. Some of DLocal’s customers include Amazon, Booking.com, Dropbox, GoDaddy, MailChimp, Microsoft, Spotify, TripAdvisor, Uber and Zara. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in more than 20 emerging countries and over 300 locally-relevant payment methods.
The company plans to use its new capital to enhance technology
The company plans to continue to use its new capital to enhance its technology and expand geographically. However, as global merchants use these markets, they are often faced with a complex web of local payment methods, cross-border regulations and other operational constraints. DLocal’s unique platform empowers merchants to reach billions of customers, accept payments, remit payments and dispose of money globally with a single unified payment solution.
Payment methods include international and local credit cards, local cash-based methods, such as Boleto in Brazil, GPay in Egypt and Internet banking methods, such as PSE in Colombia. The technology platform acts as a payment gateway, payment service provider and offers risk management and local acquiring. Companies like Amazon, Didi, Uber, UATTend Wikimedia DLocal. It is also used by eCommerce marketplaces such as Shopify.
