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帮我搜索dlocal这家乌拉圭公司 1. 公司简介：历史沿革相关； 2. Business mode...

Created on: August 27, 2025

Answered using Deep Research by Chat01

Question

帮我搜索dlocal这家乌拉圭公司

  1. 公司简介：历史沿革相关；
  2. Business model：有哪些offerings？覆盖哪些region？服务哪些客户？怎么generate revenue？（收费模式etc.）；
  3. Financials - 能查到的的收入、利润等数据（过去x年，取决于可得性）- 如果没有特别准确的数ball park numbers也可以；
  4. 竞争：公司在南美的market share怎么样？有哪些其他的竞争对手吗？和欧洲Adyen这类对手比，有何优劣？

Answer

为了确保我能全面覆盖你需要的信息，确认几个点：

  1. 关于财务数据和市场份额，你是否希望我主要关注最近三年（如2022–2024）？
  2. 在比较竞争对手时，是否希望我优先分析南美本地对手，还是全球对手（如Adyen、Stripe、PayPal等）？
  3. 你是否希望结果以报告形式展示，包括表格和结构化小节？

确认后我会立即启动研究任务。

Question

  1. 最近三年
  2. 全球对手
  3. 不需要

Answer

好的，我会帮你调研乌拉圭公司 DLocal 的以下内容：公司简介与历史沿革、业务模式（包括服务、区域覆盖、客户类型与收入模式）、过去三年的财务数据（如收入和利润），以及在南美的市场份额与与全球竞争对手（如 Adyen、Stripe 等）的比较分析。

请稍等，我整理好信息后会尽快向你汇报。

Research

✨ I’m mapping out DLocal's company history, business model, financial records, and competitive landscape. Essential insights are taken from recent growth curves and market positioning.

I’m digging into DLocal's beginnings in 2016, focusing on its founder and status as Uruguay's first unicorn, using terms like "DLocal company background founding 2016 Uruguay first unicorn founder names".

🌐 Read nearshoreamericas.com

✨ DLocal's journey from a cross-border payment platform to a $1.2B unicorn shows their expansion into Asia and Africa, with clients like Nike, Shopify, and Zara.

🔍 Searched for DLocal 2021 Nasdaq IPO

✨ I'm thinking through DLocal's IPO in June 2021, raising $617 million. The company, founded in 2016, expanded to serve multiple countries, showcasing significant growth and market presence.

🔍 Searched for DLocal Wikipedia

✨ I’m learning about DLocal's history, spun off from AstroPay in 2016 to specialize in cross-border payments. AstroPay, an earlier entity, dealt with virtual prepaid cards for international purchases.

🌐 Read en.wikipedia.org

✨ I’m confirming the founders of AstroPay and DLocal, noting their evolution from AstroPay's launch to DLocal's focus on cross-border payments. Sebastian Kanovich's role in DLocal's early stages is also being explored.

🌐 Read more from en.wikipedia.org

✨ Tracing DLocal's journey: founded in 2016, IPO in 2021, expanding globally with offices and acquisitions, and now led by CEO Pedro Arnt.

🌐 Read etfdb.com

✨ I’m examining DLocal's financial journey, spotting a recent $1.8B valuation through the IPO and analyzing Q1 2022 revenue to estimate the full year's financials.

🔍 Searched for DLocal 2022 revenue and profit

✨ OK, let's break down dLocal's financial results. Revenue in 2022 was around 418million,netincomearound418 million, net income around 109 million. For 2023, revenue jumped to 650millionwithnetincomeat650 million with net income at 149 million. Progressing through the data, 2024 likely shows continued growth.

🔍 Searched for DLocal 2024 revenue and profit

✨ I noticed DLocal's revenue growth for 2024 shows a significant slowdown, contrasting sharply with previous years.

✨ I'm piecing together Yahoo's recent financials: 746.0minrevenueforFY2024,showinga15746.0m in revenue for FY 2024, showing a 15% increase, but net income dipped 19% to 120.4m.

🌐 Read globenewswire.com

✨ For FY 2024, Triangle's total processed Volume (TPV) hits 26billion,soaringby4526 billion, soaring by 45% year-over-year. Revenue peaks at 746 million with a gross profit of $295 million, leading to an adjusted EBITDA to gross profit margin of 64%.

🌐 Read more from globenewswire.com

✨ I’ve reviewed the net income for 2024 and 2023, indicating 120.469Mand120.469M and 149.086M, respectively. For 2022, an estimated net income of ~$108M is inferred from growth trends.

✨ I see that the Q4 2022 full-year results document from dLocal was received, as listed on sec.gov.

🌐 Read sec.gov

✨ Matching net profits for 2022 and 2021 as 108.7Mand108.7M and 77.9M, adjusting for thousands notation.

🌐 Read more from sec.gov

✨ I’m pulling together revenue details from various sources. Notably, 2023 saw a leap to 650million,withnetprofitat650 million, with net profit at 149 million.

✨ Evaluating external sources like Yahoo and Macrotrends for accurate revenue, net income, and profit margin figures, considering the credibility of Yahoo's direct bullet list and potential official press releases.

🔍 Searched for DLocal market share in Latin America

✨ I’m thinking through DLocal's main competitors like EBANX, Adyen, and others, their geographic focus, and pricing strategies. This helps identify how DLocal differentiates in the market.

🌐 Read rapyd.net

✨ I’m mapping out the strengths and weaknesses of global payment competitors, focusing on geographical reach, settlement speeds, and additional services like recurring billing and consulting.

🌐 Read fintechnews.am

✨ Ebanx and dLocal are leading the Latin American cross-border payment market, with dLocal showing significant growth and market share.

🌐 Read insights.flagshipadvisorypartners.com

✨ I'm assessing the article's focus on share performance and investor narrative. It seems less useful for our competition analysis, which requires specific insights into market share and product differentiation.

✨ I'm gathering info on DLocal's competitors, focusing on EBANX and global payment giants like Adyen and Stripe, considering their market share, pricing, product offerings, and geographic reach.

✨ OK, let me see. I’m exploring how to gather insights from SeekingAlpha. The snippet might help with understanding EBANX's geographical and operational context.

🌐 Read zintego.com

✨ I’m assessing DLocal's stance in comparison to EBANX, Adyen, Stripe, and PayPal. Consideration is given to pricing, product differentiation, tech capabilities, and geographic advantages.

🔍 Searched for Stripe Latin America expansion 2023

✨ Stripe collaborates with EBANX, leveraging their Pix payment system in Brazil to enhance local integration, showcasing a strategic partnership with regional players.

Research completed in 6m

Answer

  1. 公司简介与历史沿革： DLocal成立于2016年，总部位于乌拉圭蒙得维的亚，由Sergio Fogel和Andrés Bzurovski创立 (dLocal - Wikipedia) 。该公司起源于乌拉圭支付平台AstroPay，将其跨境支付业务拆分出来专注服务全球商户与新兴市场消费者 (AstroPay - Wikipedia) 。DLocal发展迅速：2020年9月获得由General Atlantic领投的2亿美元融资，估值达到12亿美元，成为乌拉圭首家金融科技独角兽 (dLocal Becomes Uruguay’s First Fintech Unicorn - Nearshore Americas) 。不到7个月后又融资1.5亿美元，估值飙升至约50亿美元 (Cross-Border Payment Firm Accelerates Expansion Plans) 。2019-2021年公司业务每年均保持三位数增长，到2021年6月在纳斯达克上市（代码DLO），上市首日市值约达95亿美元 (dLocal - Wikipedia) 。上市后DLocal继续扩张，在全球设有超过20个办事处（如蒙得维的亚、圣保罗、旧金山、伦敦等） (dLocal - Wikipedia) 。为加速布局，DLocal进行了战略收购，如2021年以4000万美元收购巴西支付服务商PrimeroPay (dLocal - Wikipedia) ，2025年宣布拟以1.5亿美元收购非洲支付公司AZA Finance，拓展非洲市场 (dLocal - Wikipedia) 。

  2. Business Model（业务模式）： DLocal定位为跨境支付平台，提供“一站式”支付解决方案，帮助国际商户在新兴市场实现本地收款和付款服务 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。其核心产品允许全球企业通过单一集成对接，多种本地支付方式，让当地消费者使用熟悉的方式付款，同时支持商户向当地供应商或用户进行资金支付（即Pay-in和Pay-out功能） (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。DLocal当前业务覆盖拉丁美洲、亚太、中东和非洲等30多个新兴市场国家 (Choosing the Right Payment Solution for Latin America: EBANX vs. dLocal - Zintego) （例如拉美的巴西、墨西哥、阿根廷，亚洲的印度、印尼以及非洲的尼日利亚等）。DLocal服务的客户主要为希望拓展新兴市场的跨境电商、数字平台和互联网企业，包括Amazon、Nike、Shopify、Spotify、Uber、Didi等知名跨国公司 (dLocal Becomes Uruguay’s First Fintech Unicorn - Nearshore Americas) 。收入方面，DLocal主要通过交易抽成获得收益，即对每笔交易收取一定比例费用。根据支付方式和地区的不同，佣金费率大约在**2.7%～7%之间，已包含处理和兑换等费用 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。相较而言，部分竞争对手采取固定费率模式（如EBANX收费约2.7%外加每笔0.30美元） (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。DLocal不收取额外的SaaS订阅费或安装费，其“360°支付平台”**以交易量为基础收费，实现规模效应。

  3. 财务数据： DLocal近年来保持高速增长并盈利。 2022年公司总收入约为4.19亿美元，同比增长72% (EX-99) ；实现净利润约1.09亿美元 (EX-99) 。2023年收入进一步增至约6.50亿美元，同比增长55%，净利润约1.49亿美元，同比增长37%，净利率约23% (DLocal Full Year 2023 Earnings: Revenues Beat Expectations, EPS ...) 。2024年收入达到约7.46亿美元，增速放缓至15%左右 (DLocal Revenue 2020-2025 | DLO - Macrotrends) ；同期净利润约1.20亿美元，较上年下降约19%，利润率降至约16% (dLocal Reports 2024 Fourth Quarter Financial Results) 。尽管2024年增长放缓，但交易规模（TPV）仍快速攀升——全年处理支付总额约260亿美元，较上一年增长45% (Latin America Cross-Border Payments Market Accelerates Amid E-Commerce Growth, Digital Push - Fintech News America) 。

  4. 竞争分析： DLocal在南美跨境支付市场占据领先地位。在拉美本地支付聚合领域，主要竞争对手是巴西公司EBANX，二者被视为该领域的“双寡头” (Latin America Cross-Border Payments Market Accelerates Amid E-Commerce Growth, Digital Push - Fintech News America) 。(1) 与EBANX比较： EBANX同样为全球商户提供拉美本地支付方案，服务范围覆盖约15个拉美国家，而DLocal的地域版图更广，已扩张到拉美以外的亚洲和非洲市场，支持超过30个国家的本地支付 (Choosing the Right Payment Solution for Latin America: EBANX vs. dLocal - Zintego) (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。在定价上，EBANX采取2.7% + $0.30每笔的固定费率，费用透明且可预测 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) ；DLocal则根据国家和支付方式不同收取2.7%～7%不等的佣金，定价弹性更大 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。两者均支持多样的本地支付方式（例如信用卡、本地转账、现金代收等）并提供较快的结算周期，但DLocal通常可在1-2个工作日内结算款项，比EBANX约3日的结算速度更快 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) 。此外，EBANX提供诸如订阅扣款、账单支付和本地化咨询等增值服务 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) ，而DLocal则专注于其统一支付平台技术和本地监管合规能力。(2) 全球支付巨头： 除了EBANX这样的本土玩家，DLocal也面临来自Adyen、Stripe、PayPal等国际支付公司的竞争。这些全球公司近年日益重视拉美等新兴市场商机，纷纷进入当地开展业务 (Latin America Cross-Border Payments Market Accelerates Amid E-Commerce Growth, Digital Push - Fintech News America) 。Adyen作为欧洲领先支付平台，优势在于全球统一的技术架构和低费率策略（基于银行卡“互换费+”模式），拥有众多大型国际商户。然而在拉美一些小众市场的本地支付细节上，Adyen的覆盖与灵活度相对不及DLocal这种深耕本地的公司。Stripe以开发者友好和丰富的增值服务著称，近年来也拓展至巴西、墨西哥等拉美主要经济体，但对现金券等本地另类支付方式的支持仍有限，部分场景会通过合作伙伴（如EBANX）接入本地支付网络。PayPal则作为全球最大的电子钱包平台，在拉美拥有一定用户基础，提供以信用卡/余额支付为主的跨境收款服务，但其业务模式主要面向有银行账户或银行卡的用户，对于偏好现金付款的消费者覆盖不足，在功能上与DLocal的本地支付聚合有所区别。总的来说，DLocal凭借对新兴市场本地支付生态的深刻理解，在拉美等地区形成了差异化优势；而Adyen、Stripe等全球巨头则依托其技术实力和全球客户资源，与DLocal在定价、产品广度上各有优劣，竞争格局呈现区域専門化与全球一体化并存的态势。 (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd) (EBANX vs. dLocal: Which is Right for Latin American Payments? - Rapyd)

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