dLocal

dLocal operates a B2B payments infrastructure model. It integrates with merchants and platforms via API and provides access to local payment methods, routing, payout rails, settlement, and risk controls across multiple emerging markets. The company creates value by abstracting away fragmented local acquiring, regulatory, currency, and operational complexity, allowing customers to expand internationally with one technical integration rather than building country-by-country payment stacks.

dLocal is a publicly listed cross-border payments company that enables global enterprises to accept payments and send payouts across emerging markets through a single API integration. Its core products include payment acceptance, disbursements, marketplace payment flows, invoice collection, fraud and chargeback tooling, and a crypto-to-fiat payments bridge. The company is positioned as infrastructure for merchants and platforms that need local payment methods, local currency settlement, and compliance handling in markets that are operationally complex.

The business primarily generates revenue from transaction-based fees charged to merchants and platforms using its payment rails, with additional monetisation from foreign exchange spreads, payout and settlement fees, and risk-related services. Its customers are not end consumers; they are enterprise merchants, SaaS businesses, marketplaces, fintechs, gaming companies, payroll providers, and other global digital businesses expanding into emerging markets.