April 5

Uruguay-Based Fintech Platform dLocal Raises $150 Million

By Bilal Jafar

dLocal, the Uruguay-based fintech platform, announced that the company has raised $150 million in the latest investment round at a valuation of $5 billion. Alkeon Capital led the latest funding round along with participation from BOND, D1 Capital Partners and Tiger Global.

According to the official announcement, dLocal has appointed Sumita Pandit as its new Chief Operating Officer. Pandit has a broad range of experience in the fintech and payments sector. Prior to joining dLocal, Pandit served as Managing Director and Global Head of Fintech Investment Banking at JPMorgan.

Photo courtesy of Fabian Blank.

Source: Finance Magnates (link opens in a new window)

Finance, Technology
financial inclusion, fintech, startups