Under the scope of business and financial services, dLocal, a notable payment player in Latin America, has successfully obtained a U.K. payment institution license. This new regulatory authorization signifies a step towards their global expansion strategy. The Financial Conduct Authority, the U.K.’s regulatory body, granted dLocal the license, allowing them to onboard new merchants in the U.K.
Previously hindered by restrictions post-Brexit, dLocal can now onboard U.K. merchants through its local entity, dLocal Opco UK. CEO Pedro Arnt highlighted the company’s focus on emerging markets in regions like Latin America, Africa, and Asia, which sets them apart from domestic payment tech competitors.
The U.K. is a hub for global companies expanding into emerging markets, making it a strategic location for dLocal. With over 30 licenses worldwide, dLocal aims to build trust with developed world companies by handling payments in complex regulatory environments.
Despite facing competition from established fintech players in the U.K., dLocal remains committed to expanding its operations. Notably, the company went public on the Nasdaq in 2021, reaching a valuation of $9 billion. While market fluctuations have affected their valuation, dLocal remains steadfast in its commitment to growth and transparency as a public company.
Dispelling rumors of a potential sale, Arnt emphasized that dLocal is not currently on the market. The company’s focus remains on leveraging its public status for commercial success and maintaining a strong position in the global payments landscape.