(Note: Incorporated in the Cayman Islands) Our mission is to enable global merchants to connect seamlessly with billions of emerging market users. We partner with over 330 merchants, including leading global enterprises such as Amazon, Didi, Microsoft, Spotify, Mailchimp, Wix, Wikimedia and Kuaishou. In addition, we cater to the needs of leading marketplaces to help their small and medium-sized business clients and partners expand their geographic reach.
dLocal is focused on making the complex simple, redefining the online payments experience in emerging markets. Through one direct API, one technology platform and one contract, which we collectively refer to as the One dLocal model, we enable global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. Merchants on our platform consistently benefit from improving acceptance and conversion rates, reduced friction and improved fraud prevention, leading to enhanced potential interaction with nearly 2 billion combined Internet users in the countries we serve (excluding China).
Our proprietary, fully cloud-based platform has the ability to power both cross-border and local-to-local transactions in 29 countries as of the date of this prospectus (which includes seven new countries where we have recently made our services available but have not yet processed volume). From our start in 2016 as a technology-first company seeking to disrupt online payments in Brazil, we have expanded to 29 countries, including Mexico, Argentina, Colombia and Chile in Latin America; India and Indonesia in Asia, and Egypt, Nigeria and South Africa in Africa.
Our solutions are built to be both payment method-agnostic and user friendly. We enable global merchants to connect with over 600 local payment methods (some of which are financial institutions) across our different geographies, thus expanding their addressable markets.
(Note: dLocal Ltd. priced its IPO on June 2, 2021, at $21 – or $3 above the top of its $16-to-$18 price range – on 29.41 million shares. The IPO’s proceeds are about $617.61 million – with most of that going to the selling stockholders, who offered 25 million shares – or about 85 percent of the stock sold in the IPO. The $21 pricing will give dLocal a valuation estimated at about $6.06 billion.)
|Industry:||Services - Business Services - Global Payments|
|Address||Dr. Luis Bonavita 1294 Montevideo Uruguay 11300|
|Phone Number||+1 (424) 392-7437|
|View Prospectus:||DLocal Limited|
|Revenues||$104.14 mil (last 12 months)|
|Net Income||$28.19 mil (last 12 months)|
|Price range||$21.00 - $21.00|
|Est. $ Volume||$617.6 mil|
|Manager / Joint Managers||J.P. Morgan/ Goldman Sachs/ Citigroup/ Morgan Stanley/ BofA Securities/ HSBC/ UBS Investment Bank|
|Expected To Trade:||6/3/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|