dLocal appoints two independent directors to complete board transition

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Go back to dLocal appoints two independent directors to complete board transition

dLocal completes transition to a majority independent Board with appointments of Paco Ybarra and Nelson Mattos

December 23, 2025 8:00 AM EST

MONTEVIDEO, Uruguay, Dec. 23, 2025 (GLOBE NEWSWIRE) -- dLocal Limited (dLocal, the company, we, us, and our) (NASDAQ: DLO), a leading financial technology company powering payments across emerging markets, today announced it has completed the transition to a nine-person, majority independent Board of Directors, now comprising five independent members.

Following through on the governance update shared in August during its second quarter earnings presentation, dLocal has appointed Paco Ybarra and Nelson Mattos as independent directors, further strengthening the Boards depth in global technology, financial markets, and risk management.

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