Flash Report /
Uruguay

dLocal: Strong post-IPO rally reaffirms EM digital payments infrastructure story

  • The shares of Uruguay-based dLocal have rallied 50% since last week’s IPO; the firm is now worth US$9.4bn

  • It allows global merchants via single interface to access c2bn EM consumers in 29 countries across 600+ payment methods

  • 330 merchants are already signed up, including Amazon, Didi, Microsoft and Spotify. dLocal's 2020 TPV was US$2.1bn

dLocal: Strong post-IPO rally reaffirms EM digital payments infrastructure story
Rohit Kumar
Rohit Kumar

Global Financials/Thematics

Rahul Shah
Rahul Shah

Head of Financials Equity Research

Tellimer Research
9 June 2021
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