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Ripple Parnter dLocal Appoints New COO From JP Morgan

dLocal, a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced $150M in new investment. Alkeon Capital led the round alongside BOND, D1 Capital Partners, and Tiger Global. This latest investment follows the ones from General Atlantic, an early investor in the Company, and Addition.

Back in Septmeber of 2020, dLocal was valued at $1.2 Billion  after securing $200 mln during its funding round backed by American growth equity firm General Atlantic.

In conjunction with the investment, dLocal has appointed Sumita Pandit as Chief Operating Officer. Prior to joining dLocal, Pandit was a Managing Director and Global Head of Fintech Investment Banking for J.P. Morgan. She brings nearly two decades of experience in investment banking, advising companies across verticals in fintech including payments, financial software, neo-banks, and insurtech. Previously, Pandit worked at Goldman Sachs. She received her MBA from The Wharton School at the University of Pennsylvania.

dLocal powers more than 325 global merchants, including e-commerce retailers, SaaS companies, online travel providers, and marketplaces rely on dLocal to accept over 600 local payment methods, as well as issue millions of payments to their contractors, agents, and sellers in growth markets around the world. Some of dLocal’s customers include Amazon, Banggood, Booking.com, Constant Contact, Didi, DropBox, GoDaddy, MailChimp, Microsoft, Spotify, TripAdvisor, Uber, Wikimedia, and Zara. Visit dlocal.com for more information.

 

 

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