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MONTEVIDEO - Cross-border payments platform dLocal Limited (NASDAQ:DLO), a $3.32 billion market cap fintech company with strong financial health according to InvestingPro metrics, announced Wednesday the appointment of Guillermo López Pérez as Chief Financial Officer, who will join the company in the coming months.
López Pérez will report to dLocal’s CEO Pedro Arnt and brings over 25 years of experience in finance and payments from companies including Visa and American Express. He currently serves as CFO at Featurespace, a machine learning platform focused on fraud prevention, and previously worked at European open banking company Tink.
His prior experience includes serving as CFO for Visa’s Continental Europe business and holding various leadership positions during a 13-year tenure at American Express.
"He brings a unique combination of experience in managing large-scale financial organizations while also successfully scaling fintech companies during his last two positions," said Arnt in the press release.
Jeffrey Brown, who has been serving as interim CFO, will return to his previous role as VP of Finance.
dLocal, which is headquartered in Uruguay, operates a payments platform connecting global merchants with consumers in over 40 emerging markets across Africa, Asia, and Latin America.
The company’s "One dLocal" platform provides merchants with a single API, platform, and contract to accept payments, send payouts, and settle funds globally without requiring multiple local entities or payment processors in each market. With a P/E ratio of 21.9 and a remarkable 46% stock price return over the past year, detailed analysis available on InvestingPro suggests the company currently trades below its Fair Value.
In other recent news, DLocal Limited reported first-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings per share of $0.15, surpassing the consensus estimate of $0.12. Revenue increased by 18% year-over-year to $216.8 million, outperforming the projected $205.92 million. Additionally, Citi analysts initiated coverage of DLocal with a Buy rating and set a price target of $14.60, citing the company’s rapid expansion in Total Payment Volume and its focus on emerging markets as distinguishing factors. The analysts highlighted DLocal’s unique market position as a preferred choice for merchants aiming to expand in emerging markets. In another development, DLocal announced the appointment of Will Pruett as an independent board member and audit committee member, effective July 1, 2025. Pruett brings experience from his previous roles at Fidelity Investments and HSBC. These developments reflect DLocal’s ongoing strategic initiatives and market positioning.
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