dLocal appoints Justo Benetti to lead the Americas

MIAMI and MONTEVIDEO, Uruguay — October, 3, 2023 DLocal Limited (“dLocal,” the “Company,” “we,” “us,” and “our”) (Nasdaq: DLO), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced that Justo Benetti has been appointed SVP Head of Americas, effective immediately. Benetti, who most recently served as VP Strategic Solutions at Worldpay, will work with Chief Revenue Officer John O’Brien in realizing the firm’s ambitious vision for growth across the Americas.

Mr. Benetti has invaluable experience in scaling a global pay-in’s and pay-out’s solution, contributing to Worldpay’s exponential growth in nine years with the company. His work in the fintech world exposed Benetti to the array of payment options that providers of all sizes must offer as part of their expansion strategy to attract consumers in emerging markets globally. “With so many merchants already on the platform, dLocal is a perfect ecosystem for businesses across Americas that are increasingly catering to a diverse, worldly consumer that expects every transaction to be safe, localized, speedy, and convenient,” said Benetti.

“As we scale operations in this rapidly globalizing market, Justo’s level of experience in Latin America and with high-frequency brands is a tremendous asset,” said dLocal Co-CEO Sebastian Kanovich. “As a leader, he has an eye for talent and a motivating presence that helps our team think through merchant problems and contribute on a higher level. Justo has proven he is an impactful contributor to North American business development from his past roles which provides a huge opportunity for dLocal’s continued ecommerce growth in the Americas and LATAM.”

Last week Benetti made his debut at the dLocal Connect event in London. He will next appear on behalf of dLocal at Money 20/20 in Las Vegas in October.

About Justo Benetti

Justo Benetti is an expert on mCommerce, eCommerce, payments and banking services in Latin America. His 14-year career spans investment, sales, business development, executive leadership, and advisory roles with Accenture, Worldpay, FIS, and innovative financial technology startups. He has worked with a collection of diamond consumer, hospitality, and payments brands, including Amazon, Apple, Google, Airbnb, Alipay, American Airlines, Etsy, Expedia, Delta Airlines, Fanatics, MoneyGram, Netflix, Sony, Visa, and Western Union. Benetti is a graduate of the McKinsey Executive Leadership Education program, a member of the Merchant Risk Council and Financial Technology Association, and has spoken at Money20/20, Eye for Travel, Phocuswright, and Skift

About dLocal

dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in 40 countries across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” platform (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements convey dLocal’s current expectations or forecasts of future events. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors that may cause dLocal’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” “Forward-Looking Statements” and “Cautionary Statement Regarding Forward-Looking Statements” sections of dLocal’s filings with the U.S. Securities and Exchange Commission. Unless required by law, dLocal undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof.