It can keep growing like crazy without adding a single new customer.
More than 760 merchants are already connected.
But here's the interesting part:
Existing customer revenue is up 58%, NRR sits at 153%, and TPV retention is 188%.
In other words, dLocal still only processes a relatively small share of its own customers' total payment volume.
Future growth could come simply from $Amazon.com(AMZN)$ , $Uber(UBER)$ , $Spotify Technology S.A.(SPOT)$ or Temu giving $DLocal Limited(DLO)$ more countries, payment methods and volume.
The land-and-expand opportunity here is huge.
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