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The Montevideo, Uruguay-based company, which is working with a financial adviser, has been talking with potential buyers. The news comes amid ongoing consolidation in the payments industry, as consumers increasingly move away from using cash.
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DLocal, which went public in 2021, provides payment services across 40 countries, with a particularly strong presence in Brazil, Mexico, Argentina and Chile, according to its annual report. Growth equity firm General Atlantic owned about 21% of DLocal’s common shares as of March 31.
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