DLocal, a payments platform for emerging markets, has announced that it has raised $150 million in Series C funding in a round led by Brazilian venture capital firm Monashees and Singaporean sovereign wealth fund Temasek.
The funding round also included participation from existing investors such as Insight Partners, Endeavor Catalyst, and Mastercard. The latest round of funding values the company at around $1.2 billion, tripling its valuation since its Series B funding round in 2019.
Founded in 2015, Uruguay-based DLocal provides a payments platform for emerging markets, enabling local businesses to receive payments from customers around the world. The platform supports over 300 payment methods, including credit cards, bank transfers, and e-wallets, and is integrated with many of the world’s largest payment processors and gateways.
DLocal’s platform is used by more than 5,000 businesses in the e-commerce, travel, gaming, and ride-hailing industries. The company has a presence in over 50 countries, including Brazil, Mexico, India, and South Africa, and processes billions of dollars in payments each year.
The latest funding round will be used to expand DLocal’s presence in more markets, as well as to develop new products and services. The company also plans to hire more talent to help it build out its offering.
Commenting on the announcement, DLocal CEO Sebastian Kanovich said: “We are thrilled to have the support of Monashees and Temasek for this new round of financing. This will allow us to accelerate our mission to make it easier for merchants to do business in emerging markets.”
The funding round follows a successful year for DLocal, which saw the company achieve a 200% year-over-year growth in revenue, and a 400% increase in the number of customers using its platform. With the new funding, the company is well-positioned to continue to grow and expand its offerings in the years ahead.
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FAQ
Q: What is DLocal?
A: DLocal is a payments platform for emerging markets that enables businesses to receive payments from customers around the world.
Q: Who led the Series C funding round?
A: The Series C funding round was led by Brazilian venture capital firm Monashees and Singaporean sovereign wealth fund Temasek.
Q: How much funding did DLocal raise?
A: DLocal raised $150 million in the Series C funding round.
Q: What will the funding be used for?
A: The funding will be used to expand DLocal’s presence in more markets, as well as to develop new products and services. The company also plans to hire more talent to help it build out its offering.
Q: What has been DLocal’s performance in the past year?
A: DLocal has achieved a 200% year-over-year growth in revenue, and a 400% increase in the number of customers using its platform in the past year.
Q: What is the value of DLocal?
A: The latest round of funding values DLocal at around $1.2 billion.
Conclusion
In conclusion, DLocal, a payments platform for emerging markets, has raised $150 million in Series C funding in a round led by Brazilian venture capital firm Monashees and Singaporean sovereign wealth fund Temasek. The funding round values the company at around $1.2 billion and will be used to expand DLocal’s presence in more markets, as well as to develop new products and services. DLocal has seen impressive growth in the past year, and this funding will help the company continue its success in the years ahead.
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