DLocal appoints Pedro Arnt as co-CEO amid reports the firm is exploring a potential sale
DLocal, the Uruguay-based payments firm for merchants in emerging markets, has appointed Pedro Arnt as co-chief executive officer amid reports the firm is exploring a potential sale.
DLocal appoints Pedro Arnt as co-CEO
Leveraging his “extensive experience in scaling successful high performance tech-driven organisations”, Arnt is to join CEO Sebastián Kanovich in an “exceptional partnership” to lead the firm’s future endeavours. He will also serve as a member on the company’s board of directors.
Prior to his current appointment, Arnt served as EVP chief financial officer at Mercado Libre from June 2011 to August 2023, having originally joined the Argentinian e-commerce technology company in December 1999.
His professional experience in operations, strategy and finance also extends to various positions at companies including The Boston Consulting Group, Riverwood Capital and Allegro.eu, a publicly traded European marketplace and payments company, among others.
Speaking on his appointment, Arnt says the company’s “proven success in placing customers first” combined with its partnerships with technology companies and presence in high-growth emerging markets presents “a truly unique business opportunity”.
“I am confident that combining my expertise, both as an operator, public company executive and board member, in designing, building and scaling organisations…will further position dLocal to achieve great things going forward.”
Kanovich adds: “We have a huge opportunity ahead and I am confident that Pedro and I will steer dLocal’s next chapter as we continue to execute on our plan of delivering long-term value for our merchants, consumers, and partners.”
Sell or sail?
While Arnt’s appointment has been geared towards propelling the future growth of the firm, the announcement this week coincided with various reports suggesting that dLocal was exploring a potential sale.
Sources with insight into the matter divulge that the firm is engaging with a financial advisor while simultaneously holding talks with potential buyers, as reported by Bloomberg News.
The sources also put forward that the firm has received interest from external parties for a takeover, but a final decision or any official announcement on the matter has yet to be delivered.
The company is so far yet to confirm or deny the speculation.
