dLocal Limited: Its Efforts Towards Geographic Diversification & Market Expansion 

dLocal Limited experienced a robust third quarter in 2024, demonstrating strong operational performance with record levels in both Total Payment Volume (TPV) and gross profit. Key developments indicate the company is effectively regaining momentum after a less-than-stellar start to the year. Positives from the quarter include a notable 41% year-over-year increase in TPV, reaching $6.5 billion. This growth was fueled by dLocal’s expanding merchant base and the introduction of new payment solutions across several emerging markets. The company saw particularly strong performance in Argentina, Mexico, Egypt, Colombia, and South Africa, collectively driving significant growth in both cross-border and local-to-local payment volumes.