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TacticzHazel’s Substack

Dlocal (Deep Dive)

A highly asymmetric bet on the rise of Emerging Markets.

TacticzHazel's avatar
TacticzHazel
Jan 06, 2026
∙ Paid

1. Introduction

dLocal | merchantpaymentsecosystem.com

Dlocal, is a company that deserves a lot more attention than it currently gets. It’s fast-growing, has tons of secular and region-specific tailwinds, a strong management-team and a fantastic scalable business model.

One of the things that has led me to put Dlocal high on my deep dive list, is the asymmetric opportunity I believe it provide…

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