dLocal Announces Intention to Acquire AZA Finance
Expands presence in growing Africa markets with increased cross-border volumes and enhanced capabilities in treasury solutions, stablecoin coverage and payout efficiency.
Strategic benefits for dLocal’s customers include greater global connectivity with strong liquidity, best-in-class pricing and a seamless payments experience
Montevideo, Uruguay, June 3rd, 2025 – dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, today announced its intention to acquire AZA Finance, a pioneering fintech company specializing in cross-border payments and foreign exchange solutions in Africa, subject to regulatory approval.
Founded in 2013, AZA Finance is an established global fintech company with extensive expertise in frontier markets and currencies and has a mission to help businesses thrive in Africa. AZA Finance has served customers across all major markets and currencies, with 15 million transactions totaling over $9 billion in funds transferred since founding.
AZA Finance will provide dLocal with increased scale in Africa, increasing cross-border volumes and footprint across the continent, especially supporting the remittance vertical and enabling better service for dLocal’s customers across the region. The acquisition will strengthen dLocal in several key strategic areas, including enhanced treasury operations enabling Over the Counter FX capabilities, extended stablecoin coverage and improved payout efficiency. The integration of AZA Finance’s highly skilled professionals will also bring deep local expertise and specialized knowledge that will play a crucial role in further driving dLocal’s continued growth and operational scalability.
dLocal Chief Operating Officer Carlos Menendez said, "Our acquisition of AZA Finance will increase access for our global merchants to Africa’s dynamic, growing markets, while further strengthening our commitment to the region. By combining dLocal and AZA Finance, we are well-positioned to offer innovative, efficient, and localized payment solutions to help businesses and individuals prosper in this rapidly evolving region.”
AZA Finance Founder Elizabeth Rossiello said, “Over the past 11 years, we’ve built Africa’s largest and most efficient trading desk for fiat and stablecoin foreign exchange. Our award-winning team has made it their mission to bring emerging markets this wholesale, B2B solution that they needed to grow their businesses. We are looking forward to integrating our technology and our deep bench of experts with dLocal’s massive global platform.”
Today’s announcement builds upon dLocal’s proven strategy of opportunistic M&A to drive increased capabilities for its customers and follows dLocal’s 2022 acquisition of payment services provider PrimeiroPay. Additionally, it builds upon a strong 2025 for dLocal, including being recognized by the Financial Times as one of the Americas’ fastest growing companies. The Company also received an authorised payment institution license from the United Kingdom’s Financial Conduct Authority, and inked partnerships with companies like PayPal, Temu, Coda, Belmoney, and Airtel.
The transaction is subject to customary closing conditions including regulatory approval.
About dLocal
dLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market. For more information, visit https://www.dlocal.com
About AZA Finance
AZA Finance is a global payments and FX fintech. Founded in Nairobi in 2013, AZA makes it easier for companies around the world to exchange currencies, make payments, and settle easily in all major African and G20 currencies. Its secure and efficient API and web platform is a trusted gateway for leading remittance providers, multinational corporations, and innovative enterprises worldwide. Its mission is to power African trade and accelerate the growth of businesses across the continent.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the anticipated benefits of the acquisition, the expected integration of AZA Finance’s team and operations, and the strategic impact on dLocal’s business. Forward-looking statements are based on current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
Factors that could cause actual results to differ include, but are not limited to, the ability to obtain regulatory approvals, the satisfaction of closing conditions, market conditions, and other risks detailed in dLocal’s filings with the SEC. dLocal undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
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