UK Restricts Fintech Owned by Uruguay's First-Ever Billionaires [BNN Bloomberg (Canada)]
DLocal Limited - Class A Common Shares (DLO)
Company Research
Source: BNN Bloomberg
The Financial Conduct Authority has barred Larstal Ltd. from providing payments services or taking on new customers without the watchdog's written approval, according to a posting on the FCA's website. The company, which operates as AstroPay and is part of a global payments empire overseen by Andrés Bzurovski Bay and Sergio Enrique Fogel Kaplan, specializes in processing transactions for high-risk clients, filings show. The FCA has been trying to improve standards among so-called electronic money institutions — payments firms that are lightly regulated. The agency has authorized scores of EMIs, including AstroPay, to operate in the UK in recent years, but is now concerned that the sector is rife with fraud and poor anti-crime controls. Fogel said in an emailed statement that AstroPay and the FCA “mutually agreed to voluntarily suspend” the company's EMI license. The move followed discussions with the regulator and “the realization that the license held was not necessary to conduc
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DLO
News
- DLocal Limited (NASDAQ: DLO) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "buy" rating to a "neutral" rating. They now have a $8.00 price target on the stock, down previously from $16.00.MarketBeat
- DLocal Limited (NASDAQ: DLO) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "buy" rating to a "neutral" rating. They now have a $8.00 price target on the stock, down previously from $16.00.MarketBeat
- DLocal Limited (NASDAQ: DLO) was upgraded by analysts at UBS Group AG from a "sell" rating to a "neutral" rating. They now have a $9.00 price target on the stock, down previously from $13.00.MarketBeat
- United Payment Expands Global and Regional Operations [Yahoo! Finance]Yahoo! Finance
- DLocal Limited (DLO) Cooled Down in Q1 After Strong Performance [Yahoo! Finance]Yahoo! Finance
DLO
Earnings
- 5/14/24 - Miss
DLO
Sec Filings
- 5/14/24 - Form 6-K
- DLO's page on the SEC website