capital · May 19, 2026
dLocal Completes Scaled AZA Finance Asset Acquisition for Approximately $23 Million
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dLocal closed the restructured acquisition of AZA Finance assets on February 27 2026 for approximately $23 million paid largely through debt facility conversion. The deal covers Mint Code Solutions S.A. in Cameroon including customer relationships and licenses after an initial $150 million plan was scaled down due to an FTX-related lawsuit. Africa and Asia now represent 29% of dLocal gross profit with Nigeria, Mozambique and Vietnam contributing to 16% sequential growth in Q1 2026. The acquisition adds intellectual property and talent to accelerate expansion in the region.
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