dLocal has expressed interest in acquiring AZA Finance, a cross-border payments and foreign exchange platform in Africa. This acquisition is subject to regulatory approval.
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AZA Finance was founded in 2013 and has served customers across all major markets and currencies. The company has recorded over 15 million transactions totalling over $9 billion in funds transferred since its founding.
Earlier this year, dLocal and AZA Finance partnered to expand the service offering capabilities of both partners through mutual cross-selling. The partnership was to ensure that customers of both companies benefit from improved payment processing, increased reach, and enhanced financial services.
With this acquisition, AZA Finance will provide dLocal with a bigger reach across Africa. It will expand cross-border volumes and footprint across the continent, especially supporting the remittance vertical and enabling better service for dLocal’s customers across the region.
AZA Finance Founder Elizabeth Rossiello said, “Over the past 11 years, we’ve built Africa’s largest and most efficient trading desk for fiat and stablecoin foreign exchange. Our award-winning team has made it their mission to bring emerging markets this wholesale, B2B solution that they needed to grow their businesses. We are looking forward to integrating our technology and our deep bench of experts with dLocal’s massive global platform.”
This acquisition will also strengthen dLocal in key areas, including enhanced treasury operations, enabling over-the-counter FX capabilities, extended stablecoin coverage and improved payout efficiency.
dLocal plans to integrate AZA Finance’s staff into its team. With this, it will leverage their local expertise and specialised knowledge to support the company’s growth and scalability.
dLocal Chief Operating Officer Carlos Menendez said, “Our acquisition of AZA Finance will increase access for our global merchants to Africa’s dynamic, growing markets, while further strengthening our commitment to the region. By combining dLocal and AZA Finance, we are well-positioned to offer innovative, efficient, and localised payment solutions to help businesses and individuals prosper in this rapidly evolving region.”
Also Read: [Interview] How dLocal Facilitates Payments Across Emerging Markets
