dLocal Announces Intention to Acquire AZA Finance, Strengthening Cross-Border Payment Capabilities Across Africa

Dlocal, a leading cross -border payment platform, announced the intention to acquire Aza Finance, an eminent African fintech specializing in cross -border payments and exchange solutions (FX), pending regulatory approval.

Although the financial details have not been officially disclosed, Bloomberg reports that the agreement is estimated at around $ 150 million.

The Dlocal Acquisition of Aza Finance comes after the two companies in February of this year, forged a strategic partnership to extend their footprint in Africa. By combining the Dlocal robust cross -border cross -border payment infrastructure with the exchange capacities of AZA Finance and the regional license network, customers of the two companies benefit from improved payments, increased scope and improved financial services.

Founded in Nairobi in 2013, AZA allows companies around the world to exchange currencies, make payments and easily settle in all the major African and G20 currencies. The platform has established itself as a leader in funding, providing effective and reliable services to send money to Africa.

Its secure and efficient API and web platform is a trusted gateway for the main fund suppliers, multinational companies and innovative companies worldwide. The recent acquisition plan will considerably improve the presence of dlocal through the African continent, allowing billions of cross -border transactions.

With AZA Finance’s FX capabilities, Dlocal has access to improving liquidity, better pricing and more in -depth expertise in fund transfer services. The qualified team of AZA Finance provides precious knowledge on the field, aligning with the Dlocal mission to offer localized and transparent payment experiences in the EMEA region.

“This partnership is essential to increase access to our global merchants in the dynamic markets of Africa”, “ said Carlos Menendez, chief of operation at Dlocal.

Once the acquisition is approved, it should accelerate the expansion of Dlocal in Latin America, the Middle East and the Asia-Pacific region, extending its cross-border infrastructure and its market services.

“By combining Dlocal and Aza Finance, we are well placed to offer innovative, effective and localized payment solutions to help companies and individuals to thrive in this rapidly evolving region”, “ Menendez added.

Dlocal growth has been considerably propelled by its strong presence in the Middle East and Africa, the regions characterized by a strong adoption of cryptocurrency. The main Dlocal expansion markets include water, Turkey and Nigeria, where the use of stablescoin is particularly high.

Thanks to the concept “One Dlocal” (a direct API, a platform and a contract), global companies can accept payments, send payments and settle funds on a global scale without the need to manage separate payment and payment processors, set up many local entities and integrate several buyers and methods of payment in each market.

While Za Finance is evolving to be part of the Dlocal family, the company has reaffirmed its commitment to provide the best cross -border payment solutions to companies on emerging markets. The company’s award -winning team played a decisive role in carrying out the unique needs of companies operating in Africa and outside of Africa, offering compliant services and markets supported by local licenses, banking partnerships and a constant emphasis on regulatory alignment.

These efforts have resulted in a suite of innovative products that allow companies and their end users to access transparent cross -border payment capacities. This mission will remain central because Aza Finance is preparing to integrate into the global Dlocal payment platform, pending regulatory approval.

The company provides that its higher level technology and expertise will complete the Dlocal infrastructure, more markets and expanding the scope of its services.