Latin American payments giant dLocal is acquiring Aza Finance, a cross-border payments platform focused on Africa, for an estimated $150 million, sources told Condia.
The deal is pending regulatory approval.
Why it matters
The move marks dLocal’s first major acquisition outside Latin America and significantly expands its footprint in Africa, one of the fastest-growing markets for digital payments and remittances.
Zoom in
- The acquisition comes less than five months after the companies began a partnership.
- Aza brings a strong presence across African markets, offering over-the-counter FX and stablecoin capabilities.
- dLocal will integrate Aza’s team and tech, tapping into their 11 years of regional experience.
What they’re saying:
- “We are well-positioned to offer innovative, efficient, and localised payment solutions,” said dLocal COO Carlos Menendez.
- Aza founder Elizabeth Rossiello said the deal merges “Africa’s largest FX trading desk” with a “massive global platform.”
Between the lines
Africa currently makes up 20% of dLocal’s business.
“Nine out of our top 10 customers are operating with us in Africa,” a company executive noted.
Strategic edge
The acquisition boosts dLocal’s ability to:
- Scale remittance and cross-border payment volumes
- Improve treasury operations and payouts
- Expand stablecoin and crypto-related services — particularly important in high-adoption markets like Nigeria, where 77% of crypto users have converted local currency to stablecoins.
The big picture
2025 is shaping up as a breakout year for dLocal, which has:
- Secured a UK payment institution license
- Partnered with PayPal, Temu, and Airtel
- Been named one of the Americas’ fastest-growing companies by the Financial Times
Source: The Condia
