Payments company dLocal Group Ltd. became one of Latin America’s best funded venture-backed companies through a new deal that valued the business at $1.2 billion. Montevideo, Uruguay-based dLocal, which helps international companies process payments in emerging markets, raised $200 million in a growth-equity financing round led by General Atlantic, with Lee Fixel’s firm Addition participating.

Source: Wall Street Journal September 15, 2020 10:07 UTC