DLocal to acquire AZA Finance
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, today announced its intention to acquire AZA Finance, a pioneering fintech company specializing in cross-border payments and foreign exchange solutions in Africa, subject to regulatory approval.
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Founded in 2013, AZA Finance is an established global fintech company with extensive expertise in frontier markets and currencies and has a mission to help businesses thrive in Africa. AZA Finance has served customers across all major markets and currencies, with 15 million transactions totaling over $9 billion in funds transferred since founding.
AZA Finance will provide dLocal with increased scale in Africa, increasing cross-border volumes and footprint across the continent, especially supporting the remittance vertical and enabling better service for dLocal's customers across the region. The acquisition will strengthen dLocal in several key strategic areas, including enhanced treasury operations enabling Over the Counter FX capabilities, extended stablecoin coverage and improved payout efficiency. The integration of AZA Finance's highly skilled professionals will also bring deep local expertise and specialized knowledge that will play a crucial role in further driving dLocal's continued growth and operational scalability.
dLocal Chief Operating Officer Carlos Menendez said, 'Our acquisition of AZA Finance will increase access for our global merchants to Africa's dynamic, growing markets, while further strengthening our commitment to the region. By combining dLocal and AZA Finance, we are well-positioned to offer innovative, efficient, and localized payment solutions to help businesses and individuals prosper in this rapidly evolving region.'
AZA Finance Founder Elizabeth Rossiello said, 'Over the past 11 years, we've built Africa's largest and most efficient trading desk for fiat and stablecoin foreign exchange. Our award-winning team has made it their mission to bring emerging markets this wholesale, B2B solution that they needed to grow their businesses. We are looking forward to integrating our technology and our deep bench of experts with dLocal's massive global platform.'
Today's announcement builds upon dLocal's proven strategy of opportunistic M&A to drive increased capabilities for its customers and follows dLocal's 2022 acquisition of payment services provider PrimeiroPay. Additionally, it builds upon a strong 2025 for dLocal, including being recognized by the Financial Times as one of the Americas' fastest growing companies. The Company also received an authorised payment institution license from the United Kingdom's Financial Conduct Authority, and inked partnerships with companies like PayPal, Temu, Coda, Belmoney, and Airtel.
The transaction is subject to customary closing conditions including regulatory approval.
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