Latest news with #PedroArnt
Yahoo
6 days ago
- Business
- Yahoo
dLocal announces appointment of Chief Financial Officer
MONTEVIDEO, Uruguay, Aug. 13, 2025 (GLOBE NEWSWIRE) -- DLocal Limited ('dLocal', 'we', 'us', and 'our') (NASDAQ:DLO), a technology - first payments platform, today announced the appointment of Guillermo López Pérez as Chief Financial Officer, who will join us in the next few months. Guillermo will report to dLocal's CEO, Pedro Arnt. This appointment further strengthens dLocal's outstanding leadership team. 'We are very excited to welcome Guillermo as our new CFO," said Pedro Arnt, CEO of dLocal. "He brings a unique combination of experience in managing large-scale financial organizations while also successfully scaling fintech companies during his last two positions. His deep industry knowledge and proven track record make him an exceptional addition to our team as we continue to drive growth and innovation at dLocal.' With over 25 years of experience, Guillermo has developed his career in Finance and Payments at leading companies such as Visa and American Express. He is currently Chief Financial Officer at Featurespace, a machine learning platform focused on fraud prevention, and was previously at Tink, a European Open Banking leader. His expertise also includes serving as CFO for Visa's Continental Europe business and holding various leadership positions during his 13-year tenure at American Express. 'I am excited to join dLocal and contribute to the company's growth in emerging markets. I look forward to working with the team to strengthen our position in the cross-border payments sector,' stated Guillermo. 'We look forward to working closely with him to drive growth, enhance operational excellence, and deliver long-term value to our stakeholders,' added Pedro Arnt. This appointment reflects dLocal's commitment to strong governance and to harnessing diverse perspectives in shaping and advancing its growth strategies. 'We also would like to express our huge appreciation to Jeffrey Brown for his service as interim CFO. He will continue in his previous role as VP of Finance,' concluded the CEO. About dLocal dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across Africa, Asia, and Latin America. 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 announcement contains certain forward-looking statements. These forward-looking statements convey our current expectations or forecasts of future events. Forward-looking statements regarding DLocal involve known and unknown risks, uncertainties and other factors that may cause our 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 our filings with the U.S. Securities and Exchange Commission. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof. Investor Relations Contact:investor@ Media Contact:media@
Yahoo
23-06-2025
- Business
- Yahoo
dLocal receives payment licences in UAE, Turkey, and Philippines
Cross-border payments platform dLocal has secured licences and authorisations from regulatory bodies in the United Arab Emirates(UAE), Turkey, and the Philippines. In the UAE, the company secured payment services licence that will enable it to manage cross-border payment flows for both payins and payouts within the country. In Turkey, the Central Bank of the Republic of Türkiye has authorised dLocal to conduct cross-border payments through Lidio Payment Services. This company considers Lidio as a partner in the Turkish market, facilitating an increase in its transaction volume and operations in the region. In the Philippines, dLocal has been awarded a money services business licence, which permits the company to handle remittance flows in the country. dLocal CEO Pedro Arnt said: "Expanding our licenced footprint in key high-growth markets like the UAE, Turkey, and the Philippines is essential to our mission of unlocking the power of emerging markets and connecting financial underserved populations to the global digital economy. 'It demonstrates our commitment to operating under the highest standards of trust and compliance, providing our global merchants with the secure and reliable access they need to reach billions of consumers." These licences are the latest additions to dLocal's portfolio, which includes over 30 licenses globally including from the Financial Conduct Authority (FCA) in the UK earlier this year. dLocal's platform offers a connection for global companies to over 900 local payment methods in more than 40 countries through a single integration, facilitating various payment options such as digital wallets, instant payment networks, and bank transfers. Earlier in the month, dLocal partnered with Juspay, a company specialising in payment orchestration. This partnership is intended to integrate dLocal's diverse range of payment methods with Juspay's payment ecosystem, targeting markets in Africa, Asia, and Latin America. "dLocal receives payment licences in UAE, Turkey, and Philippines " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
DLocal Ltd (DLO) Q1 2025 Earnings Call Highlights: Record Growth in Revenue and Net Income
TPV (Total Payment Volume): $8.1 billion, 53% year-over-year growth, 5% quarter-over-quarter growth. Revenue: $217 million, 18% year-over-year growth, 6% quarter-over-quarter growth. Gross Profit: $85 million, 35% year-over-year growth, 1% quarter-over-quarter growth. Adjusted EBITDA: $58 million, 57% year-over-year growth, 2% quarter-over-quarter growth, with a margin of 27%. Net Income: $47 million, 163% year-over-year growth, 57% quarter-over-quarter growth. Free Cash Flow: $40 million, 22% increase from the previous quarter. Cash and Cash Equivalents: $512 million, up $86 million from the previous period. Adjusted EBITDA to Gross Profit Ratio: 68%, slight improvement from the previous quarter. Net Retention Rate of TPV: 144%. Dividend Announcement: Extraordinary cash dividend of $0.525 per common share, totaling $150 million. Warning! GuruFocus has detected 5 Warning Signs with DLO. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. DLocal Ltd (NASDAQ:DLO) achieved record highs in revenue and gross profit, with revenue reaching $217 million and gross profit at $85 million. The company's Total Payment Volume (TPV) grew by 53% year-over-year, reaching $8 billion, with a 72% increase in constant currency. DLocal Ltd (NASDAQ:DLO) demonstrated strong cash flow, with free cash flow to net income conversion at 85%. The company continues to expand its footprint in emerging markets, with significant growth in regions like Chile, Pakistan, Nigeria, Turkey, and Brazil. Strategic investments in technology and operations are enhancing operational efficiency and service quality, with advancements in AI and automation driving improved customer experience and compliance monitoring. DLocal Ltd (NASDAQ:DLO) experienced a decline in local-to-local TPV by 3% quarter-over-quarter, attributed to seasonality and partial loss of share with a large merchant in Mexico. The company faced increased processing costs in South Africa and Nigeria, impacting gross profit margins. Revenue in Brazil declined due to a migration to a payment orchestration model, resulting in lower take rates. The advertising sector showed weakness, impacting the net take rate by 4 basis points quarter-over-quarter. Despite ongoing investments, operational expenses are expected to increase throughout the year, potentially impacting short-term profitability. Q: Can you provide more details on the growth in Argentina and the situation in Mexico regarding volume loss with a large merchant? A: Pedro Arnt, CEO: Argentina's growth appears sustainable, driven by increased interest from global merchants and alternative payment methods. As capital controls ease, the market is becoming more attractive. In Mexico, the volume loss is due to shifts in share of wallet among a few large merchants. We expect to reignite growth with better execution, as there are no structural issues preventing this. Q: Are the higher take rates in Argentina sustainable, especially with increased interest in the market? A: Pedro Arnt, CEO: The higher take rates in Argentina are sustainable due to our involvement in discounting receivables and financing alternatives for merchants. This is inherent to our business model, particularly when consumers buy on installments, leading to more factoring of receivables. Q: Operating expenses grew by 3% in the quarter. Is this growth expected to continue, and what about the impact from the advertising client? A: Jeffrey Brown, Interim CFO: There is a timing element to the OpEx growth, but we remain focused on managing expenses responsibly. Pedro Arnt, CEO: The impact from the advertising client is due to a mix shift in TPV away from a higher take rate merchant. This is a global mega cap merchant, and the impact is due to a shift in merchant mix. Q: Can you provide more color on the strong performance in other LATAM markets and the outlook for EBITDA margins? A: Pedro Arnt, CEO: Other LATAM markets showed strong TPV growth, particularly in frontier markets with higher take rates. Chile was notably strong. Regarding EBITDA margins, while there is an element of timing in expenses, we expect modest margin expansion this year, with potential for further improvement as we leverage AI and automation. Q: Could you elaborate on the revenue and gross profit decline in Brazil and the rationale behind the dividend policy? A: Pedro Arnt, CEO: Brazil's revenue and gross profit decline are due to a repricing from our largest merchant and a migration to a lower take rate gateway product. There were also one-off costs impacting gross profit. Regarding the dividend policy, our asset-light model allows us to return capital to shareholders while maintaining flexibility for growth investments. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
06-05-2025
- Business
- Bloomberg
DLocal CEO Sees E-Commerce Firms Rushing Into Milei's Argentina
Merchants selling everything from electronics, consumer goods and streaming services are coming back to Argentina as President Javier Milei unwinds years of controls, according to the the top executive at payment services provider DLocal Ltd. The company, which focuses on firms offering goods largely from China, the US and Europe into emerging markets, is seeing renewed activity in crisis-prone Argentina adding to its overall business with an expectation for that to continue, Chief Executive Officer Pedro Arnt said in an interview.
