dLocal, a cross-border payment platform, announced on Friday it secured $150 million through its latest investment at a valuation of $5 billion. According to dLocal, Alkeon Capital led the round with participation from BOND, D1 Capital Partners, and Tiger Global.
dLocal claims to be the only 360 payments technology platform designed to handle mass online payments in growth markets across LATAM, APAC & EMEA. Global e-commerce companies, including Uber, Sony, GoDaddy, Constant Contact and Avast, rely on dLocal to accept 300+ locally-relevant payment methods online, as well as issue mass payouts to their contractors, agents and sellers in emerging markets around the globe.
“With dLocal, there is no need to manage separate pay-in and payout processors, set-up numerous local entities, integrate dozens of isolated acquirers and payment methods or worry about stranded funds overseas. 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 and maximize revenues in today’s fastest-growing markets.”
Speaking about the investment, Sebastián Kanovich, CEO of dLocal, stated:
“This new investment combined with our strengthened leadership team will allow us to further focus on our customers’ success.”
In conjunction with the investment, dLocal reported it has appointed Sumita Pandit as Chief Operating Officer. Prior to joining dLocal, Pandit was a Managing Director and Global Head of Fintech Investment Banking for J.P. Morgan.