Expansion drives dLocal's ongoing success as it breaks into additional markets
dLocal Achieves Remarkable Growth in 2021, Anticipates Further Success in 2022
In a remarkable year for the cross-border payments sector, dLocal has announced impressive growth figures for 2021. The company, led by CEO Pedro Arnt, reported a total payment volume of $2.1 billion for the year, marking a significant 193% increase from 2020.
The surge in payment volume was accompanied by a 134% increase in revenue, which reached $244 million for the fiscal year. A sizeable 22% of this revenue came from new merchants, demonstrating dLocal's continued appeal and expansion.
The company's success was also reflected in its headcount, which increased by 73% to 535 employees. dLocal's global presence expanded to 35 countries in 2021, up from 20 the previous year.
In the final quarter of 2021, dLocal's revenue stood at $76 million, a 120% increase from the same period in 2020. The total payment volume for Q4 was $757 million, a 145% increase year-on-year.
dLocal's adjusted EBITDA margin for FY 2021 was 41%, an increase from 2020's 40%. The company anticipates an EBITDA margin 'north of 35%' in 2022.
Despite the ongoing impacts of the Covid-19 pandemic, dLocal does not expect to be significantly affected in 2022. Similarly, the company does not anticipate being impacted by the Russia-Ukraine conflict.
Looking ahead, dLocal continues to focus on global expansion in 2022. The company boasts connections to over 700 payment methods, providing a wide range of options for its merchants. dLocal expects to maintain a net customer retention rate of 150%+ in 2022.
The company's take rate for FY 2021 was around 20% lower than 2020 levels but still far above industry peers. However, no new facts about the take rate were mentioned for 2022.
In conclusion, dLocal's impressive growth in 2021 positions the company well for continued success in the future. With a strong focus on global expansion and a robust network of payment methods, dLocal is poised to make a significant impact in the cross-border payments sector.
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