Four alumni from Uruguay’s biggest private university started payments firm dLocal together in 2016. Today they are the most successful entrepreneurs in their nation’s history, worth a combined $10 billion.
ore known for farming than fintech, the beef-exporting country nicknamed the “Switzerland of South America” is now one of the smallest nations in the world—with a population of just 3.5 million—to have minted more than one billionaire. Sergio Fogel, 58, and Andrés Bzurovski, 44, who cofounded dLocal, each own an 18% stake worth about $3.7 billion apiece.
A 20 minute drive from dLocal’s office in the country’s third-tallest building in the capital city of Montevideo, the halls of Universidad ORT are a far cry from the rarefied world of such tech giants. Uruguay’s largest private university was founded in 1942 by the Organization for Research and Training, a Jewish educational foundation established in St. Petersburg in 1880 to empower Russia's Jewish population with trade and professional skills.
"dLocal has been profitable from its first year. Money wasn't a driver for any of the funding rounds we did before we became public,” says Kanovich. “At some point we realized that we wanted to get to the next level, and we were looking for a partner that would help us scale and think internationally."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Going-Out Heels Are Back: Meet 8 New Brands You'll Want To Wear All NightLearn all about the brands and designers behind the going-out heels that you’re going to want to wear for all of your future party plans.
Leer más »
Iraqi PM becomes first foreign leader to meet Iran's RaisiIraqi Prime Minister Mustafa al-Kadhemi became the first foreign leader on Sunday to visit and meet with Iran's President Ebrahim Raisi since the hardliner took office in August.
Leer más »
Cheesy Baked Eggs, Meet Creamed Spinach (and Kale, and Swiss Chard)Three kinds of leafy greens combine with mushrooms, garlic, leeks, mustard, and spices to form the base for a cheesy baked-egg dish that's a bit like an omelette turned inside out.
Leer más »
Meet the typical homebuyer: Age, salary, location, budgetMeet the typical American homebuyer, who is middle-aged, lives in the south, and went way over budget for their house
Leer más »
Pope Francis to meet anti-immigrant Orban in lightning Hungary visitPope Francis arrives in Hungary to celebrate a Mass and meet with PM Viktor Orban, whose anti-immigrant policies clash with Francis' call for countries to welcome refugees
Leer más »
Meet Emma Raducanu, the British Teen Taking Tennis By StormEmma Raducanu has made history as the youngest British player to reach the quarterfinals of the U.S. Open. Olivia Marks meets the 18 year-old tennis star.
Leer más »