About us

We are a different kind of payments company because winning in emerging markets requires a different approach

About us

We are a different kind of payments company because winning in emerging markets requires a different approach

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300+ employees

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6 offices around the world

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3 regions with operations

Our Story

dLocal was started with one goal in mind – to close the payments innovation gap that exists between developed countries and emerging economies. We are 40% cross-border payments facilitator, 40% technology company and 40% emerging-markets localization experts. That means we are 120% dedicated to delivering a flexible, all-encompassing payments solution that unlocks new revenues and maximizes reach in growth markets. We are incredibly honored to power growth for some of the most visionary companies in the world who inspire us to reach for the impossible every day.
While dLocal was born in Uruguay, we knew that local payment challenges extended well beyond the neighboring countries. Today, our payment coverage includes high-growth, emerging economies in LATAM, APAC, Middle East and North Africa. Our multicultural team is spread between offices in Uruguay, USA, Israel, Brazil and Europe, and we have boots on the ground in every country where we process payments. We are growing rapidly and excited about the future ahead.
Jacobo Singer picture

President

President at dLocal, leads a broad range of initiatives and oversees our IT and business systems and is responsible for keeping dLocal’s rigorous expansion efforts on track. Singer was previously dLocal’s CTO, and has designed and built our payments platform from the ground up. Prior to dLocal, he led product and engineering teams at AstroPay where he gained deep technology and project management expertise. He holds a Bachelor’s of Science Degree in Information Technology from Universidad ORT Uruguay.

Sebastián Kanovich picture

Chief Executive Officer

Chief Executive Officer, leads the company since its inception in January 2016. Prior to dLocal, Kanovich was the CEO of AstroPay. He holds a Bachelor degree in Economics from Universidad ORT Uruguay. He also studied Entrepreneurship, Innovation and Management of Technology at Tel Aviv University, and completed a prestigious Endeavor Innovation and Growth Program at Stanford Graduate School of Business.

Sumita Pandit Picture

Chief Operating Officer

Chief Operating Officer, oversees account management, marketing, investor relations, and corporate development for the company. Prior to joining dLocal, Sumita was a managing director, global head of fintech investment banking for J.P. Morgan. She brings more than 18 years of experience in investment banking, advising companies. Before J.P Morgan, Pandit worked at Goldman Sachs. She holds a MBA from The Wharton School where she was a Palmer Scholar and earned her undergraduate degree in Electrical Engineering from India.

Diego Cabrera Canay picture

Chief Financial Officer

Chief Financial Officer, oversees and manages the company’s financial planning and analysis, treasury, accounting, financial reporting, taxes, administration, corporate development, investor relations, and auditing and compliance. Prior to joining dLocal, Cabrera Canay served as Finance Vice President at Mercado Libre in Buenos Aires. He holds a bachelor’s degree in business administration from Pontifical Catholic University of Argentina in Buenos Aires and an M.B.A. from the IAE Business School. He also attended the Executive Program on Strategy and Organization at Stanford Graduate School of Business.

Hernán Di Chello

Chief Technology Officer

Chief Technology Officer, plays a key role in building and leading a world-class engineering team through our relentless pursuit of better performance and scalability. Previously, Di Chello served for two decades as Vice-President of Product Development at Mercado Libre. Hernan attended the master’s degree program in Information Systems at the Universidad de Buenos Aires and Master in Management of Technological Services from the Universidad de San Andres, Argentina.

Eduardo Azar picture

Chairman

Eduardo is an Investor and Chairman of dLocal. Prior to dLocal, Eduardo was also an investor and board member of Data Electronics in Dublin, Ireland, which developed data centres in Ireland, becoming the number one data operator. Data Electronics was sold in August 2011 to Telecity City. Afterwards, Eduardo started Azar Capital Partners, a family office. Since 2016, his main focus is to manage investment opportunities in the fields of technology.

Sebastián Kanovich picture

Director

Chief Executive Officer, leads the company since its inception in January 2016. Prior to dLocal, Kanovich was the CEO of AstroPay. He holds a Bachelor degree in Economics from Universidad ORT Uruguay. He also studied Entrepreneurship, Innovation and Management of Technology at Tel Aviv University, and completed a prestigious Endeavor Innovation and Growth Program at Stanford Graduate School of Business.

Andres Bzurovski picture

Director

Andres is a serial entrepreneur and angel investor focusing on online businesses in Latin America. After co-founding Astropay, a card payment solution for online consumers and companies in Asia, Africa and Latin America, Andres teamed up with Sergio Fogel again in 2016 to co-found dLocal. Andres has been serving as a Board Member in multiple companies such as Paganza and HomeDine and is a distinguished Endeavour entrepreneur. Andres holds a Technology degree at the University of Northampton, United Kingdom and Marketing Degree at the ORT University Uruguay.

Sergio Fogel

Director

Sergio is an active angel investor, and has invested in over 15 technology startups. He participates in our board and in the one of several companies, including TiendaMIA, The Chemist Look, Apptim and dLocal. Sergio serves as Vice-President of Endeavor Uruguay, and sits on the board of Helpers, an NGO that aims to save lives through technology-enabled, very fast response of first aid volunteers. He co-founded dLocal together with Andres Bzurovski in 2016 after having founded several other companies, such as ElAgora.com (B2B marketplace), Uniotel (VoIP), and Astropay (payments processor). Sergio holds an MBA from INSEAD, France, a Bachelor of Arts in Computer Science with a Summa Cum Laude, and a Master of Science in Computer Science from Technion, Israel Institute of Technology, Israel.

Luiz Ribeiro picture

Director

Mr. Luiz Ribeiro is a member of our board of directors and principal at General Atlantic, focusing on their investments in South America. Before joining General Atlantic in 2016, Mr. Ribeiro worked as a Director at Advent International, where he concentrated on the financial services and healthcare sectors while based in the São Paulo and Bogota offices. During his time at Advent International, he served on the boards of a number of investments, and served as CFO of Atmosfera Gestão e Higienização de Texteis Ltda. Mr. Ribeiro currently sits on the boards of Neon and QuintoAndar, is an alternate director of Pague Menos, and is a board observer of Gympass. Mr. Ribeiro received a Bachelor of Arts in Business Administration from Fundação Getulio Vargas (EAESP-FGV) and completed the Program for Leadership Development at Harvard Business School.

Martin Escobari picture

Director

Martin is Co-President, Managing Director and Head of General Atlantic’s business in Latin America. Martín is also Chairman of the firm’s Investment Committee and serves on the Management and Portfolio Committees. Before joining General Atlantic in 2012, Martín was a Managing Director at Advent International, where he focused on the financial services sector. Prior to that, he was Co-Founder and CFO of Submarino.com, a leading Brazilian online retailer that went public on the Bovespa and was sold to Lojas Americanas in 2006. Martín started his career as a management consultant at The Boston Consulting Group. Martin received a BA in Economics from Harvard College and an MBA from Harvard Business School.

Tereza Grossi picture

Director

Ms. Tereza Grossi is an independent member of our board of directors and the chair and a member of our audit committee. She served as the Deputy Governor for Supervision at the Central Bank of Brazil before becoming a board member and the financial expert of the audit committee of Itaú Unibanco Holding S.A. Ms. Grossi currently serves as chair of the fiscal council of Itaúsa S.A and financial expert for the audit committee of Duratex S.A. Ms. Grossi has a 20-year experience in financial sector supervision, corporate structuring of audit committees, internal audits and controls, as well as compliance and risk management. Ms. Grossi also has a 15-year experience as a member of the audit committee in various publicly-held companies in the industrial, retail and financial sectors, including B3 S.A., C&A Modas, CVC Corp. and Porto Seguro S.A. Ms. Grossi has received a Bachelor in Arts in Accounting and Business Administration from the Universidade Católica de Minas Gerais, in addition to having attended specialization courses in Bank Supervision from the Bank for International Settlements and the U.S. Federal Reserve.

Jacobo Singer picture

Director

President at dLocal, leads a broad range of initiatives and oversees our IT and business systems and is responsible for keeping dLocal’s rigorous expansion efforts on track. Singer was previously dLocal’s CTO, and has designed and built our payments platform from the ground up. Prior to dLocal, he led product and engineering teams at AstroPay where he gained deep technology and project management expertise. He holds a Bachelor’s of Science Degree in Information Technology from Universidad ORT Uruguay.

Jitendra Gupta picture

Director

Mr. Jitendra Gupta is an independent member of our board of directors and a member of our audit committee. Mr. Gupta is the founder of Jupiter.money, a pioneering digital banking experience in India dedicated to millennials which is backed by leading venture capital firms, such as Matrix Partners and Sequoia Capital. Mr. Gupta was also the founder and chief executive officer of Citrus Pay, a leading digital payments company in India. After the acquisition of Citrus Pay by Naspers, he became PayU’s Managing Director in India. At PayU, he created a consumer credit franchise and a “pay-later” category in the Indian market with the Lazypay brand. Prior to Citrus Pay, Mr. Gupta worked for ICICI bank for seven years in various roles in retail banking, investment banking, and payments strategy and was responsible for a joint venture initiative between ICICI and First Data in India in the merchant acquiring segment. He graduated from Sydenham College, Mumbai and is a qualified Chartered Accountant.

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