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dLocal, a Uruguay-based cross-border payments platform that connects global merchants with emerging markets, has announced its intention to acquire AZA Finance, a fintech firm specialising in cross-border payments and foreign exchange solutions in Africa.
Founded in 2013, AZA Finance operates across major African markets and currencies, providing services that support businesses transacting across borders.
The company has processed over 15 million transactions, moving more than US$9 billion in funds since its inception.
According to dLocal, the acquisition will expand its presence in Africa and increase cross-border transaction volumes, particularly in the remittance sector.
It will also enhance the company’s treasury operations, including over-the-counter foreign exchange capabilities, broaden its stablecoin offerings, and improve payout efficiency.
dLocal will also integrate AZA Finance’s team, whose local and technical expertise is expected to support the company’s continued growth and operational scale.
Carlos Menendez, dLocal’s Chief Operating Officer, said:
“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.”
Elizabeth Rossiello, Founder of AZA Finance, said:
“Over the past 11 years, we’ve built Africa’s largest and most efficient trading desk for fiat and stablecoin foreign exchange. We are looking forward to integrating our technology and our deep bench of experts with dLocal’s massive global platform.”
This announcement follows dLocal’s previous acquisition of payment services provider PrimeiroPay in 2022, as part of its broader strategy to grow through targeted acquisitions.
In 2025, dLocal has also received an authorised payment institution license from the UK’s Financial Conduct Authority and formed partnerships with firms such as PayPal, Temu, Coda, Belmoney, and Airtel.
Featured image credit: Edited by Fintech News Africa, based on image by Sergey Zolkin via Unsplash
