https://facthealthier.comDLocal, a Uruguay-based fintech company, has announced that it has recently raised $150 million in Series-5 funding. This brings the total amount of capital raised by the company to $5 billion. The funding was led by a number of investors, including the International Finance Corporation, Ribbit Capital, and Tiger Global. The company intends to use this capital to further expand its services and improve its technology infrastructure. This news comes after the company’s successful launch in September of 2020.

Overview of DLocal:

DLocal is a Uruguayan-based fintech company that was founded in 2017. It provides payment and commerce solutions to businesses in both emerging and developed markets. The company is focused on enabling businesses to accept payments from customers in local currencies and allowing merchants to access the global economy. DLocal operates in more than 50 countries and has over 3,500 customers. It also has offices in Uruguay, Colombia, Mexico, United Kingdom, and India.

Series-5 Funding:

DLocal recently announced that it had raised $150 million in Series-5 funding. This brings the total amount of capital raised by the company to $5 billion. The funding was led by a number of investors, including the International Finance Corporation, Ribbit Capital, and Tiger Global.

Investors Involved:

The investors involved in the Series-5 funding round included the International Finance Corporation, Ribbit Capital, Tiger Global, and other strategic investors. The International Finance Corporation is a member of the World Bank Group, and its mission is to promote sustainable private sector development in emerging markets. Ribbit Capital is a venture capital firm that focuses on investments in the financial technology sector. Tiger Global is a global investment firm that focuses on venture capital, private equity, and public equity investments.

Purpose of the Funding:

DLocal intends to use the capital raised through the Series-5 funding round to further expand its services and improve its technology infrastructure. The company will be focusing on developing new products and services to better serve its customers. Additionally, the company will be investing in its technology infrastructure to ensure that its services are secure and reliable.

Conclusion:

DLocal has raised $150 million in Series-5 funding, bringing the total amount of capital raised by the company to $5 billion. The funding was led by a number of investors, including the International Finance Corporation, Ribbit Capital, and Tiger Global. The company intends to use this capital to further expand its services and improve its technology infrastructure. This news comes after the company’s successful launch in September of 2020.