[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  TacticzHazel - Value Investing [@TacticzH](/creator/twitter/TacticzH) on x 13.5K followers Created: 2025-06-27 20:30:35 UTC My $DLO thesis in short: Basically a mini- $ADYEN. They do cross-border payments for merchants in emerging markets. They enable merchants to accept and disburse payments through one single API. The Good: ✅ Fast growing TPV - over XX% CAGR since 2021 ✅ Fast growing revenue - Close to XX% CAGR last X years, and still expected to double in the next X ✅ Strong cash position /no debt ✅ Margins stabilizing ✅ FCF margin currently XXX% but expected to normalize around XX% ✅ ROCE above XX% ✅ Strong CEO with Pedro Arnt ✅ Huge TAM to attack The risky: ❌High concentration in a small group of merchants ❌ Currency risks and exposure to economic instability ❌Regulatory changes ❌Competing with big players like $ADYEN and $STRIPE ❌Take rate could be pressured by big merchants as their volume increases The money: How do they make money: 👉Through transaction fees: taking a small percentage of each payment they process 👉Currency exchange fees: They charge for converting local currencies into dollars or euros for the merchant. 💸Valuation: attractive Thoughts?  XXXXXX engagements  **Related Topics** [$adyenas](/topic/$adyenas) [debt](/topic/debt) [$adyen](/topic/$adyen) [investment](/topic/investment) [$dlo](/topic/$dlo) [Post Link](https://x.com/TacticzH/status/1938696482401480752)
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TacticzHazel - Value Investing @TacticzH on x 13.5K followers
Created: 2025-06-27 20:30:35 UTC
My $DLO thesis in short:
Basically a mini- $ADYEN. They do cross-border payments for merchants in emerging markets. They enable merchants to accept and disburse payments through one single API.
The Good: ✅ Fast growing TPV - over XX% CAGR since 2021 ✅ Fast growing revenue - Close to XX% CAGR last X years, and still expected to double in the next X ✅ Strong cash position /no debt ✅ Margins stabilizing ✅ FCF margin currently XXX% but expected to normalize around XX% ✅ ROCE above XX% ✅ Strong CEO with Pedro Arnt ✅ Huge TAM to attack
The risky: ❌High concentration in a small group of merchants ❌ Currency risks and exposure to economic instability ❌Regulatory changes ❌Competing with big players like $ADYEN and $STRIPE ❌Take rate could be pressured by big merchants as their volume increases
The money: How do they make money: 👉Through transaction fees: taking a small percentage of each payment they process 👉Currency exchange fees: They charge for converting local currencies into dollars or euros for the merchant.
💸Valuation: attractive
Thoughts?
XXXXXX engagements
Related Topics $adyenas debt $adyen investment $dlo
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