dLocal Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2020
SAN FRANCISCO, March 10, 2020 — dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.
The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s MIC list features 434 businesses from 39 countries.
“We’re extremely honored to be recognized by Fast Company for our work in closing the payments innovation gap that exists between developed countries and emerging economies,” said Jacobo Singer, COO at dLocal. “Emerging markets present an enormous opportunity for our clients, whether they’re looking to expand to Latin America, Asia, or new markets in the Middle East and Africa. Solving the payments puzzle can be one of the most challenging aspects of successful entry into these markets, and we’re grateful that we get to come to work every day and solve these problems for our clients.”
dLocal was recognized for the debut of its cash collection solution. Aimed to help ride-hailing and gig economy companies, dLocal’s cash collection solution is a digitally-led payment process that increases the number of consumers and drivers capable of providing ride-hailing services to cash-paying riders in emerging markets.
“Our single platform already accepts payments from riders and handles payouts to drivers, so it came as no surprise that our customers asked us to close the loop and help provide their drivers with an easy way to pay commissions when riders pay with cash,” said Rodrigo Sánchez Prandi, VP product at dLocal. “With up to 70% of users in certain LatAm countries having no credit card, handling cash payments is crucial for gig economy companies. Our solution resolves this major operational challenge and enables our clients to expand faster and more efficiently into new markets – with only one integration.”
The platform bridges the gap between the needs of global, online enterprises and payments realities in emerging countries. dLocal operates as the local merchant of record on behalf of its clients, speeding time-to-market and minimizing operational costs. It also provides built-in, value-add services that include automated currency conversion, guaranteed fund repatriation for settlement locally, in the U.S. or Europe, optimization of local payment operations and other localization-related advisory.
To learn more about dLocal’s cash collection solution, click here.
Fast Company’s editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company’s Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
dLocal is the only 360 payments platform designed to handle mass online payments in Latin America and other emerging countries across APAC, Middle East and Africa. With dLocal’s single API platform, there is no need to manage separate payin and payout processors, set-up numerous local entities, integrate dozens of isolated acquirers and payment methods, worry about stranded funds overseas, nor undergo heavy operational burdens. By operating as the merchant’s local payments processor in each country, dLocal makes it simple for online companies to reach 2.3 billion digitally-savvy consumers in today’s fastest-growing markets.
Over 450 global e-commerce retailers, SaaS companies, online travel providers, and marketplaces rely on dLocal to accept over 300 locally-relevant payment methods, as well as issue millions of payments to their contractors, agents, and sellers in growth markets around the world. Some of dLocal’s customers include Avast, Banggood, Booking.com, Constant Contact, Didi, DropBox, GoDaddy, MailChimp, TripAdvisor, Uber, and Wikimedia. Visit dlocal.com for more information.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for “Magazine of the Year,” Adweek’s Hot List for “Hottest Business Publication,” and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.