Unicorn Latin American cross-border payments platform dLocal is reportedly exploring a potential sale, according to Reuters.
The Uruguay-based company has engaged Morgan Stanley to assess its options, including the possibility of a sale, as indicated by sources cited by Reuters.
dLocal went public in 2021 and has General Atlantic as its largest shareholder. The company’s shares experienced a decline of about 33% last year, valuing it at approximately $3.4 billion.
dLocal specializes in connecting global merchants to emerging markets, allowing clients to accept payments, send payouts, and settle funds globally without the need to manage multiple pay-in and payout processors, establish various local entities, or integrate different acquirers and payment methods in each market.
This latest development follows an unsuccessful attempt in 2023 to explore a sale, which did not materialize due to disagreements over financial terms with potential buyers.