General Atlantic completed the acquisition of a 16% stake in dLocal for $200m.

General Atlantic completed the acquisition of a 16% stake in dLocal Group, Uruguay-based payments company, for $200m. “Beyond securing unicorn status and becoming one of the highest-valued Latin American financial technology companies supporting global merchants, we are expanding access and helping those in emerging markets connect to ecommerce, building reliable payment technology tailored to specific local needs, constantly improving our products and growing our global footprint,” Sebastian Kanovich, dLocal CEO.