DLocal Limited

Leadership quality is a positive. CEO Pedro Arnt, long‑tenured former CFO of MercadoLibre, joined as co‑CEO in 2023 and now leads execution with a bias for scale discipline.

In August 2025 DLocal named Guillermo López Pérez (Visa, AmEx, Tink, Featurespace) as CFO, and the board signaled a shift to a majority‑independent composition with new governance committees. Founders remain engaged.

The team has navigated short‑seller allegations by conducting internal reviews, enhancing governance and maintaining growth and cash generation. Execution risk in complex EM markets remains, but management depth is strengthening.