DLocal
Facilitates cross-border digital payments for global merchants in emerging markets.
DLocal operates a software and payments platform with attractive cash flow characteristics, wonderful unit economics, negative working capital, and high incremental margins.
DLocal’s key value proposition for its clients is an uplift in sales conversions which can be as high as 50% in some circumstances.
DLocal has essentially no competition.
The company has a massive addressable market: it operates in 40 emerging markets with an aggregate population of 4 billion people who make $1.4 trillion digital payments annually.