Skip to content

Uruguay’s DLocal Seeks Deals as Cash Pile Grows, Valuations Drop

  • DLocal also has access to capital to fund acquisitions
  • Africa, Asia are main areas of interest for dealmaking
Sebastian Kanovich
Sebastian KanovichSource: DLocal

Uruguayan payment services company DLocal Ltd. plans to use part of its growing pile of cash to accelerate expansion in developing nations through acquisitions. 

The company, which tripled its cash hoard last year to $336 million as of December, is targeting Africa and Asia for potential acquisitions.