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dLocal raises $150m in new funding at a $5b valuation

Uruguay based cross-border payments startup raised $150m in new funding led by Alkeon Capital. 

“This new investment combined with our strengthened leadership team will allow us to further focus on our customers’ success,” Chief Executive Officer Sebastián Kanovich said in a statement. Pandit will help the firm serve global merchants that are seeking to access consumers in emerging markets, Kanovich added.

Tags

uruguay, emerging markets, payments