dlocal 150m 5b septembertanbloomberg is a payment technology company that offers a cross-border payment platform for emerging markets. The company recently announced that it has raised $150 million in a funding round led by September Capital, with participation from existing investors including QED Investors, Kaszek Ventures, and Ribbit Capital. The funding round valued DLocal at $5 billion, making it one of the most valuable fintech startups in Latin America.
Founded in 2016, DLocal offers a platform that allows merchants to accept payments from customers in local currencies, even if the merchants are based in other countries. This helps merchants expand into new markets and reach customers who may not have access to traditional payment methods. The platform integrates with existing e-commerce systems and offers features such as fraud detection, risk management, and real-time reporting.
One of the key benefits of DLocal’s platform is that it helps merchants overcome the challenges of cross-border payments, such as high fees, slow transaction times, and currency exchange rate volatility. By using local currencies, merchants can avoid the fees associated with converting currency and can offer their products at a more competitive price. In addition, the platform offers real-time settlement, which means that merchants receive payments faster than they would with traditional cross-border payment methods.
The funding round will allow DLocal to expand its operations into new markets and invest in technology to improve its platform. The company has already made significant strides in its mission to democratize access to global commerce, with more than 500,000 merchants now using its platform to accept payments from customers in over 70 countries. In addition, DLocal has partnerships with some of the largest e-commerce platforms in the world, including Amazon, MercadoLibre, and eBay, to help merchants reach new customers and expand their businesses.
dlocal 150m 5b septembertanbloomberg
The funding round is a significant milestone for DLocal and a testament to the company’s success in the cross-border payments space. The investment from September Capital, along with support from existing investors, will provide the company with the resources it needs to continue its rapid growth and continue to innovate in the payments industry.
The rapid growth of e-commerce in emerging markets has created a huge opportunity for companies like DLocal to help merchants expand their businesses. The company’s platform provides a solution to the challenges of cross-border payments, allowing merchants to reach new customers and grow their businesses in new markets. The investment from September Capital and other investors is a clear indication of the company’s potential to become a major player in the payments industry.
In conclusion, DLocal’s recent funding round is a testament to the company’s success in the cross-border payments space and the significant potential for growth in this market. With its platform, DLocal is helping merchants overcome the challenges of cross-border payments and reach new customers in emerging markets. The investment from September Capital and other investors will provide the company with the resources it needs to continue its rapid growth and further democratize access to global commerce.