DLocal names former MercadoLibre exec. Arnt as co-CEO, Q2 revenue surges
August 16, 2023 at 01:51 am IST
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Aug 15 (Reuters) - Uruguayan fintech dLocal on
Tuesday named former MercadoLibre senior executive
Pedro Arnt as its co-chief executive officer alongside Sebastián
Kanovich.
The company's shares rallied about 30% in extended trading
as it also reported a 59% surge in second-quarter revenue,
topping market expectations.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shinjini
Ganguli)
MercadoLibre, Inc. is the leading online marketplace in Latin America. The group operates an IT platform enabling individuals and professionals to carry out their purchasing and selling transactions for goods and services. The activity is organized around 5 areas:
- operation of online trading platforms;
- online payment services: services provided through the MercadoPago platform;
- shipping services: services provided through the MercadoEnvios platform;
- development of classified ad sites;
- other: e-commerce software development, advertising services, etc.
Net sales are distributed geographically as follows: Brazil (53.8%), Argentina (23.7%), Mexico (17.7%) and other (4.8%).
MERCADOLIBRE, INC. 
