capital · May 15, 2026
dLocal Acquires Africa Assets to Boost Expansion After Q1 2026 Results
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dLocal completed acquisition of unspecified Africa-based payment assets on May 14, 2026, to accelerate geographic expansion following Q1 results. The deal targets increased market share in high-growth African markets, building on 73% year-over-year total payment volume growth to $14.1 billion. Revenue climbed 55% to $335.86 million, while net income softened to $41.9 million due to the $9.7 million tax charge and higher operating costs from 2025 hiring. Gross profit margin fell to 35% from prior levels amid shifts to lower-fee payment methods with large merchants like streaming platforms. Management reaffirmed 2026 guidance for 50-60% TPV growth, with cash position at $451.8 million supporting further acquisitions.