A payments technology company that lets global merchants—like streaming, ride-hailing, and e-commerce giants—accept local payment methods in emerging markets across Latin America, Africa, and Asia, all through one platform. It was founded in 2016 in Montevideo, Uruguay, by Sergio Fogel and Andrés Bzurovski, who had earlier built the payments firm AstroPay. The name comes from its focus on "localizing" cross-border payments, and dLocal became Uruguay's first unicorn before listing on Nasdaq in 2021.
dLocal announces unanimous dismissal of New York State securities class action
The Appellate Division held that all claims against the Company and individual defendants lacked merit.
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The Supreme Court of the State of New York, Appellate Division, First Department, unanimously affirmed the dismissal of the putative class action 'In the Matter of DLocal Securities Litigation'.
The lawsuit alleged misleading statements in the registration statement and prospectus regarding take rate trends; the Court found plaintiffs did not identify a known material trend.
The Court noted the Company's consistent growth in total payment volume, revenue, and gross profit in the pre-IPO period.
CEO Pedro Arnt expressed satisfaction with the decision, stating the Company remains focused on executing its strategy.
dLocal completes transition to majority independent Board with appointments of Paco Ybarra and Nelson Mattos
dLocal Limited (NASDAQ:DLO) announced on December 23, 2025, the completion of its transition to a nine-person Board of Directors with five independent members.
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Paco Ybarra, former CEO of Citi's Institutional Clients Group, and Nelson Mattos, former VP at Google, have been appointed as independent directors.
Andres Bzurovski, co-founder, will take on the role of chairman in the new board composition.
Sergio Fogel transitions to a non-executive role as Co-Founder and Strategic Advisor.
The company is constituting three new committees: Nominating & Corporate Governance, Compensation, and Product & Technology.
dLocal reports Q3 2025 financial results with segment and regional breakdowns.
The filing covers the three and nine months ended September 30, 2025, with comparative periods for 2024.
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Revenue and expenses are broken down by segment (Latin American and Non-Latin American) and by country, including Argentina, Brazil, Mexico, and Egypt.
The company holds U.S. Treasury bonds and Argentine treasury bonds, with specific CUSIPs and maturities noted.
Derivative instruments include forward contracts and non-deliverable forwards across multiple currencies (e.g., Argentine peso, Brazilian real, Egyptian pound).
Equity components include Class A and Class B common shares, share premium, treasury shares, and reserves, with changes during the period.
dLocal schedules AGM for Dec 10, 2025 to approve FY2024 financials and elect William Pruett as independent director.
dLocal Limited will hold its 2025 Annual General Meeting of Shareholders on December 10, 2025, at 11:00 a.m. Montevideo time (9:00 a.m. New York time), virtually and at its offices in Montevideo, Uruguay.
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Shareholders will vote on an ordinary resolution to approve and ratify the company's audited consolidated financial statements for the fiscal year ended December 31, 2024.
Shareholders will also vote on an ordinary resolution to elect William Pruett as an independent director, following his interim appointment by the board on July 2, 2025.
The record date for determining shareholders entitled to vote is October 21, 2025; as of that date, 294,727,558 common shares were outstanding (165,673,366 Class A and 129,054,192 Class B).
The board recommends voting 'FOR' both proposals; proxies must be received by 11:59 a.m. New York time on December 9, 2025.