Fintech dLocal’s profits surge 47% in fourth quarter.

TLDR:

• Uruguayan fintech company dLocal’s fourth-quarter profits increased by 47% to $28.5 million.
• Revenues for the last three months of 2023 rose by 59% to $188 million.

Fintech dLocal, operating in Latin America, Africa, and Asia for clients like Netflix and Amazon, saw a significant increase in profits and revenues in the fourth quarter. Despite a devaluation of the Argentine peso in December affecting profits, the company remains focused on growth. With a focus on strengthening existing operations, dLocal is investing in additional hires, upgraded operations, and licensing for long-term growth.