Corporate governance

Mr. Alberto Eduardo Azar is the chairman of our board of directors. Prior to serving on our board of directors, Mr. Azar was also an investor and board member of Data Electronics in Dublin, Ireland, the top data center operator in Ireland. Data Electronics was sold in August 2011 to Telecity City. After the sale of Data Electronics, Mr. Azar started Azar Capital Partners, a family office. Since 2016, his main focus has been on managing investment opportunities in the technology sector.

Pedro Arnt has over 25 years of working experience in strategy, operations and finance. Before joining dLocal, Pedro served as Chief Financial Officer, Executive Vice President of Mercado Libre for more than twelve years. Prior to his appointment as Chief Financial Officer, Pedro served in various capacities since joining Mercado Libre in December 1999. Prior to joining Mercado Libre, Pedro worked for The Boston Consulting Group. Pedro also serves on the Board of Directors of Allegro.eu, a leading publicly traded European marketplace and payments company, and as an Executive Advisor to Riverwood Capital. He has received numerous accolades as a top TMT public company CFO in Latin America. Pedro is a British and Brazilian citizen and holds a bachelor’s degree, magna cum laude, from Haverford College and a master’s degree from the University of Oxford.

Sergio Fogel, co-founded dLocal in 2016 and since 2013 Sergio has an executive position as President and Chief Strategy Officer. Additionally, Sergio is a member of our board of directors, an active angel investor and has invested in over 15 technology startups. Sergio serves as Vice-President of Endeavor Uruguay, and sits on the board of Impulso, a school serving underprivileged children in Montevideo, and REDALCO, an NGO that aims to reduce food insecurity in a sustainable way. Sergio is a serial entrepreneur having founded several other companies, such as ElAgora.com (a B2B marketplace), Uniotel (VoIP), and Astropay (a payments processor).

Mr. Andres Bzurovski Bay is a member of our board of directors and a serial entrepreneur and angel investor focusing on online businesses in Latin America. After co-founding Astropay, a card payment solution for online consumers and companies in Asia, Africa and Latin America, Andres teamed up with Sergio Fogel again in 2016 to co-found dLocal. Andres serves as a board member in multiple companies such as Paganza and HomeDine and is a distinguished Endeavour entrepreneur. Mr. Andres holds a Technology degree from the University of Northampton, United Kingdom and a Marketing Degree from the ORT University Uruguay.

Mr. Sebastián Kanovich is a member of our board of directors, chairman of the Commercial, Business Development & M&A Committee. As a member of the founding management team, he has been leading the company since its inception, from January 2016 to March 2024. Prior to dLocal, he was the CEO of AstroPay. Mr. Kanovich holds a Bachelor degree in Economics from Universidad ORT Uruguay. He also studied Entrepreneurship, Innovation and Management of Technology at Tel Aviv University, and completed the Endeavor Innovation and Growth Program at Stanford Graduate School of Business.

Jacobo Singer is a member of our board of directors, and leads a broad range of initiatives, oversees our operations, IT and business systems and is responsible for dLocal’s expansion efforts and compliance. He ensures that key business and banking relationships are in place as we grow our presence across Latin America, APAC, Middle East and Africa, and that we are operating in compliance with local rules and regulations. A key member of the founding management team, he was previously dLocal’s chief technology officer, and has designed and built our payments platform from the ground up. Prior to dLocal, he led product and engineering teams at AstroPay where he gained deep technology and project management expertise. Jacobo holds a Bachelor’s of Science Degree in Information Technology from Universidad ORT Uruguay and he completed the Endeavor Innovation and Growth Program at Stanford Graduate School of Business.

Mr. Martín Escobari is a member of our board directors and Co-President, Managing Director and Head of General Atlantic’s business in Latin America. Mr. Escobari is also chairman of General Atlantic’s Investment Committee and serves on the firm’s Management and Portfolio Committees. Mr. Escobari serves or has served on the boards of numerous public and private companies, and currently serves on the boards of Arco, Grupo Axo, Pague Menos, Sanfer and XP Investimentos. Before joining General Atlantic in 2012, Mr. Escobari was a Managing Director at Advent International, where he focused on the financial services sector. Prior to that, he was Co-Founder and CFO of Submarino.com, a leading Brazilian online retailer that went public on the Bovespa and was sold to Lojas Americanas in 2006. Mr. Escobari started his career as a management consultant at The Boston Consulting Group. Mr. Escobari received a BA in Economics from Harvard College and an MBA from Harvard Business School.

Mr. Luiz Ribeiro is a member of our board of directors and principal at General Atlantic, focusing on their investments in South America. Before joining General Atlantic in 2016, Mr. Ribeiro worked as a Director at Advent International, where he concentrated on the financial services and healthcare sectors while based in the São Paulo and Bogota offices. During his time at Advent International, he served on the boards of a number of investments, and served as CFO of Atmosfera Gestão e Higienização de Texteis Ltda. Mr. Ribeiro currently sits on the boards of Neon and QuintoAndar, is an alternate director of Pague Menos, and is a board observer of Gympass. Mr. Ribeiro received a Bachelor of Arts in Business Administration from Fundação Getulio Vargas (EAESP-FGV) and completed the Program for Leadership Development at Harvard Business School.

Ms. Verónica Raffo is a partner in FERRERE and participates actively in its management and strategic leadership. She has more than 25 years of experience advising a stellar list of global clients, managing highly complex cases with sensitive content with focus on corporate issues, dispute negotiation, compliance audits and corporate governance. Ms. Raffo is also a reference in entrepreneurship and gender issues, both in Uruguay and internationally. She is the incoming gold Regional Chair Latin America of YPO (Young Presidents Organization) and she was one of the founders and the President of the Uruguayan Women Entrepreneurs Organization, OMEU. Each year since 2019 she has been recognized as Uruguay’s most highly reputed woman business leader, according to the Corporate Reputation Business Monitor (MERCO). She is an instructor in Board Management at the Graduate School of Business - EPN of Universidad ORT Uruguay. She holds a degree as attorney (Universidad de la República, Uruguay) and a diploma in American and International Law from The Center for American and International Law (United States).

Will Pruett is an Independent Board Member and well as a member of our Audit Committee.

Mr. Pruett also serves as an independent board member of PicPay, one of the largest Brazilian digital banks. Previously, Mr. Pruett served at Fidelity Investments for 16 years (from 2008 to 2025), where he was a portfolio manager for the Fidelity Latin America Fund (FLATX), Fidelity Emerging Markets Opportunities Fund (FEMSX) and Fidelity Total Emerging Markets Fund (FTEMX). Prior to Fidelity, Mr. Pruett worked at HSBC, where he held roles in retail credit and e-commerce across Asia, Europe and Latin America. Mr. Pruett holds a master’s degree in Business Administration from the Harvard Business School and a degree in Economics from the University of Chicago.

Hyman K Bielsky is an independent member of our board of directors and a member of our audit committee. Having held legal and operating leadership roles in both private and publicly listed companies Mr Bielsky brings extensive experience to the Board. Mr. Bielsky holds his Law Degree from the University of North Carolina, where he graduated “with Honors". Mr Bielsky commenced his career with a major US law firm. After seven years of private practice, Mr Bielsky joined Safety Kleen Corp, a Fortune 500, NYSE listed company, where he rose to become its General Counsel responsible for worldwide legal affairs. He ultimately became CEO and then Chairman of Safety-Kleen Europe, Ltd, after it was spun out of Safety-Kleen Corp. Over his twenty-one-year career at Saftey-Kleen Corp and Safety-Kleen Europe, Ltd, Mr Bielsky honed his legal and operating skills in his multiple leadership roles.

Pedro Arnt has over 25 years of working experience in strategy, operations and finance. Before joining dLocal, Pedro served as Chief Financial Officer, Executive Vice President of Mercado Libre for more than twelve years. Prior to his appointment as Chief Financial Officer, Pedro served in various capacities since joining Mercado Libre in December 1999. Prior to joining Mercado Libre, Pedro worked for The Boston Consulting Group. Pedro also serves on the Board of Directors of Allegro.eu, a leading publicly traded European marketplace and payments company, and as an Executive Advisor to Riverwood Capital. He has received numerous accolades as a top TMT public company CFO in Latin America. Pedro is a British and Brazilian citizen and holds a bachelor’s degree, magna cum laude, from Haverford College and a master’s degree from the University of Oxford.

Sergio Fogel, co-founded dLocal in 2016 and since 2013 Sergio has an executive position as President and Chief Strategy Officer. Additionally, Sergio is a member of our board of directors, an active angel investor and has invested in over 15 technology startups. Sergio serves as Vice-President of Endeavor Uruguay, and sits on the board of Impulso, a school serving underprivileged children in Montevideo, and REDALCO, an NGO that aims to reduce food insecurity in a sustainable way. Sergio is a serial entrepreneur having founded several other companies, such as ElAgora.com (a B2B marketplace), Uniotel (VoIP), and Astropay (a payments processor).

Carlos Menendez is a seasoned general manager with extensive global experience in creating and scaling businesses, known for his ability to construct successful business models with operational rigor.

He served as the President of the Global Commercialization Office at Mastercard, where he led the scaling and management of new global P&Ls, key initiatives, and drove growth across existing and emerging segments. During his 14 years at Mastercard, Carlos held various leadership roles, including Group Executive for Global Credit, Debit & Network Products, where he was responsible for building the company’s consumer products globally and deploying solutions at the local market level for billions of cardholders.

Before joining Mastercard, Carlos spent 14 years at Citi, where he held several senior roles, including COO of Western Europe Retail Banking, EMEA Bankcards Regional Director and CFO of Citibank USA. Carlos holds a BA in Economics from Harvard University, an MBA in Finance from The Wharton School, and an MA in International Studies from the Lauder Institute at the University of Pennsylvania.

With over 25 years of experience, Guillermo has developed his career in Finance and Payments at leading companies such as Visa and American Express. He served as Chief Financial Officer at Featurespace, a machine learning platform focused on fraud prevention, and was previously at Tink, a European Open Banking leader. His expertise also includes serving as CFO for Visa’s Continental Europe business and holding various leadership positions during his 13-year tenure at American Express.

John O'Brien is Chief Revenue Officer and is responsible for the management and growth of dLocal's revenue which includes sales, account management, customer success, technical account management, revenue operations, and marketing. Before dLocal, John worked in Worldpay's enterprise e-commerce division for 14 years, where he had a variety of leadership roles across commercial and operational functions before joining the executive team in 2018. John completed a MA in International Management and Payment Ecosystems from Middlesex University in 2019.

Alberto Almeida is our Chief Technology Officer, bringing extensive technical experience to help dLocal expand its platform globally. Alberto previously worked with DLocal from December 2016 to September 2019, starting as a software engineer before rising to head of software development and then serving as the Company’s Chief Technology Officer. He served as Engineering Manager of Zalando SE in Germany from December 2019 to May 2022 before rejoining DLocal in June 2022.

Gabriela Vieira is dLocal's General Counsel and leads Legal, Regulatory Affairs and Compliance Departments. Gabriela joined dLocal in 2021 and brings over 10 years of experience in Fintech Payments. Previously, Gabriela was the Global Director of Legal and Compliance at PrimeiroPay. Gabriela holds a Master Degree and a PhD in International Law from the University of São Paulo.