US EditionUruguay-Based dLocal Intends to Acquire Fintech AZA Finance
- On June 3, dLocal, a payment services firm from Uruguay, revealed intentions to purchase AZA Finance, a Nairobi-headquartered company, for approximately $150 million, pending regulatory approval.
- DLocal aims to diversify beyond Latin America, which generates 75% of its $746 million revenue, by expanding its African presence through AZA’s established operations.
- Since its founding in 2013, AZA Finance has supported extensive payment processing across 17 African countries, handling millions of transactions with a combined value reaching $9 billion, while also offering stablecoin network services and over-the-counter foreign exchange solutions.
- Carlos Menendez, COO of dLocal, stated that the integration of dLocal and AZA Finance positions the company to deliver advanced, reliable, and region-specific payment services, thereby improving merchants' connectivity to African markets.
- The acquisition marks dLocal’s largest and first buy outside Latin America, potentially increasing its scale in Africa’s $1.5 trillion digital payments market while intensifying competition with rivals like Flutterwave.
18 Articles
18 Articles
Uruguayan Fintech dLocal Targets Africa’s $1.5T Payments Market With $150M AZA Buy
Uruguayan payments giant dLocal confirmed plans to acquire Nairobi-based AZA Finance for $150 million, according to a June 3 regulatory filing. The deal, pending approvals, aims to strengthen dLocal’s African footprint while diversifying beyond its Latin American stronghold, which currently drives 75% of its $746 million annual revenue. AZA Finance brings 15 million processed transactions […]
Seeking Alpha
MSNUruguay-based dLocal intends to acquire fintech AZA Finance
dLocal to Acquire AZA Finance in Strategic Play for Africa’s Fintech Market
Cross-border payments firm dLocal is making a bold move into Africa’s fintech landscape with the planned acquisition of Nairobi-founded AZA Finance, a leading provider of foreign exchange and cross-border payment solutions across the continent. AZA Finance, founded in 2013 by Elizabeth Rossiello, has processed over $9 billion across 15 million transactions to date, serving businesses … The post dLocal to Acquire AZA Finance in Strategic Play for…
dLocal Acquires Nairobi’s AZA Finance in $150M Deal to Boost Africa Presence
Latin American payments giant dLocal has announced plans to acquire AZA Finance, a Nairobi-based cross-border payments startup, although the acquisition remains subject to regulatory approvals.The two companies initially partnered in February to co-expand their offerings through cross-selling. Now, dLocal, which is valued at over $5 billion and headquartered in Uruguay, is taking a deeper stake in Africa’s fintech future. dLocal Chief Operating …
Coverage Details
Bias Distribution
- 100% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
