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DLocal's cloud-based payment platform is popular in the emerging markets of Latin America, including Brazil, Argentina, Mexico, Colombia, Uruguay, and Chile.
DLocal's revenues grew by 117% year-over-year to $87.5 million. It beat the Wall Street revenue estimates by 5.9%.
The company’s cloud-based platform can make cross borders and local payments in 37 countries while enabling global merchants to connect to over 700 local payment methods.