DLocal announced its intention to acquire AZA Finance, a pioneering fintech company specializing in cross-border payments and foreign exchange solutions in Africa, subject to regulatory approval. AZA Finance, founded in 2013, has processed over $9 billion in funds across 15 million transactions.
This acquisition is expected to significantly increase DLocal's scale and footprint across the African continent, especially supporting the remittance vertical and enabling better service for DLocal's customers in the region. The integration will strengthen DLocal in several key strategic areas, including enhanced treasury operations with Over the Counter (OTC) FX capabilities, extended stablecoin coverage, and improved payout efficiency.
The integration of AZA Finance's highly skilled professionals will bring deep local expertise and specialized knowledge, playing a crucial role in driving DLocal's continued growth and operational scalability. This move builds upon DLocal's proven strategy of opportunistic mergers and acquisitions to enhance capabilities for its customers.
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