dLocal Just Keeps Raising the Bar
Hi FinTech Fanatic!
dLocal just had another monster quarter.
TPV jumped 92% year over year to $17.7 billion, marking the company's seventh straight quarter of 50%+ growth. Revenue reached $400 million, while gross profit hit a record $127 million.
And they're not slowing down. dLocal just raised its full-year TPV growth guidance to 60–70%, while net income climbed 28% to $55 million. The scale is getting pretty hard to ignore.
I also wanted to point you to a quick Paddle video explaining what a Merchant of Record actually does and why it can make life much easier for SaaS companies selling globally.
And if you're tracking the public market side of FinTech, don't miss How FinTech Performed Last — a snapshot of last week's stock moves across public FinTech companies.
Scroll down for more FinTech news 👇 See you tomorrow!
Cheers,
INSIGHTS
🎤Paddle: What is a merchant of record (MoR), and how can it help you? Watch the full video here
FINTECH NEWS
🌏 Airwallex ships August updates across payments and spend, adding dynamic surcharge rates and an AI fraud attack prevention agent. The new tools detect card testing in real time and apply regional compliance guardrails.
🇦🇪 TransFi launches JARVIS, an AI compliance intelligence platform for cross-border payments. The tool consolidates customer and transaction data into a single risk view, supporting compliance teams as stablecoin settlement scales.
🇺🇸 Payward, parent of Kraken, reports Q2 2026 adjusted revenue of $508 million, up 17% YoY. Funded accounts grew 42% YoY to 6.6 million, while asset-based and other revenue reached 60% of total revenue as growth broadened beyond trading.
🇸🇬 Syfe launches Cash+ Enhanced for short-duration income, targeting returns of up to 3.0% p.a. with no lock-ins. The product is designed for funds not needed for one to two years.
HOW FINTECH PERFORMED LAST WEEK
📈 A snapshot of last week’s stock moves across public FinTechs:
PAYMENTS NEWS
🇺🇾 dLocal reports Q2 2026 results with TPV near $18 billion, up 92% YoY. Gross profit hit a record $127M while net income rose 28% YoY to $55M.
🇧🇷 PicPay integrates ChatGPT for financial queries at no extra cost. Users can check balances, upcoming bills, and recent transactions in natural language, though transactions are not yet supported.
🇵🇱 BLIK Recurring and BLIK Pay Later launch via Solidgate, giving merchants more checkout options in Poland. BLIK processed over 2.9B transactions in 2025, and Pay Later saw 440% YoY growth.
🇨🇦 PayMath is scaling embedded payments for SaaS companies across Canada. The firm handles technology selection, merchant onboarding, and ongoing optimization, with Calvin White joining as Director of Partnerships to expand the model nationally.
🇳🇬 OPay processes $358 billion in gross transaction value, more than doubling its 2025 volumes ahead of a potential $4 billion US IPO. The 115% YoY jump strengthens the Nigerian FinTech's financial story as it eyes a US listing.
DIGITAL BANKING NEWS
🇬🇾 Scotiabank expands digital banking services in Guyana, adding online account opening and real-time debit card controls. Updates to the Scotia Caribbean App and Scotia OnLine aim to reduce the need for branch visits.
🇧🇷 Nu Holdings reports Q2 2026 results with revenue up 19% YoY, reaching $3.2B. The neobank added 4.4M customers in the quarter, bringing its total to 118.6M.
🇺🇸 JPMorgan debanked Polymarket over regulatory concerns, cutting off the prediction market platform's access to banking services. The move follows scrutiny of Polymarket's compliance with U.S. financial regulations. Read more
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 Trump family's World Liberty Financial gets preliminary approval to launch a bank. The crypto venture tied to the Trump family received initial regulatory clearance to pursue a banking charter.
🇺🇸 Figure Technology Solutions reports strong Q2 2026 results, with net revenue up 113% YoY to $226M. Consumer loan marketplace volume reached $4.3B, a 132% increase from the prior yea
STABLECOIN
🇺🇸 Stablecoin firm RedotPay is said to delay its US IPO on legal issues. The company had been targeting a listing but is now pausing those plans.
🇺🇸 Chime explores stablecoins as a new feature on its app, according to Bloomberg. The neobank is evaluating how to integrate stablecoin functionality for its users.
🇺🇸 Ethena taps FalconX for institutional stablecoin lending, adding an overcollateralized credit facility to its synthetic dollar backing. Ethena will hold a first-priority security interest over the dedicated lending vehicle's assets.
PARTNERSHIPS
🇺🇸 Airwallex adds Affirm's flexible pay-over-time options for eligible US shoppers. Merchants in 35 countries can now offer Affirm at checkout, including four interest-free installments or monthly plans of up to 24 months.
🇺🇸 Kraken partners with Mesh to simplify crypto deposits, letting users transfer from another exchange without copying wallet addresses. The feature is live for Coinbase, with more exchanges on the way.
🇮🇱 Bank Leumi partners with Galaxy to be the first bank in Israel to offer digital asset trading. Leumi and PEPPER users can trade Bitcoin, Ethereum, and other digital assets directly, with Galaxy providing infrastructure and liquidity for the service.
🇺🇸 Strata Credit Union partners with Alkami, selecting its digital banking platform to modernize consumer banking. The credit union will build a connected ecosystem to deliver personalized, mobile-first member experiences.
DONEDEAL FUNDING NEWS
🇨🇳 Tenet Fintech signs a $675 million agreement with Sum Trading for GoldRiver platform products over three years. Sum Trading supplies over 1,000 construction firms in western China and chose GoldRiver for its inventory and logistics services.
M&A
🇺🇸 PayPal in talks to sell itself to Stripe and Advent, according to the WSJ. The FinTech startup and private equity firm offered to buy the payments company in July.
🇺🇸 Citi expands commerce media capabilities with Kard acquisition, adding a rewards platform to its consumer cards business. Kard's machine learning platform connects financial institutions and merchants through verified transaction data and merchant funded rewards.
🇺🇸 Western Union and Intermex provide update on pending acquisition, with New York State DFS approval received but California DFPI suspending its prior approval for further review. Western Union and Intermex intend to engage promptly with the DFPI and plan to close after reinstatement, subject to remaining closing conditions.
MOVERS AND SHAKERS
🇺🇸 Polymarket hires former Uber executive to lead growth initiative. Travis VanderZanden, who also founded Bird, will serve as chief growth officer. Read more
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