Board of Directors

Mr. Andres Bzurovski Bay is a member of our board of directors and a serial entrepreneur and angel investor focusing on online businesses in Latin America. After co-founding Astropay, a card payment solution for online consumers and companies in Asia, Africa and Latin America, Andres teamed up with Sergio Fogel again in 2016 to co-found dLocal. Andres serves as a board member in multiple companies and is a distinguished Endeavour entrepreneur. Mr. Andres holds a Technology degree from the University of Northampton, United Kingdom and a Marketing Degree from the ORT University Uruguay.

Pedro Arnt has over 25 years of working experience in strategy, operations and finance. Before joining dLocal, Pedro served as Chief Financial Officer, Executive Vice President of Mercado Libre for more than twelve years. Prior to his appointment as Chief Financial Officer, Pedro served in various capacities since joining Mercado Libre in December 1999. Prior to joining Mercado Libre, Pedro worked for The Boston Consulting Group. Pedro also serves on the Board of Directors of Allegro.eu, a leading publicly traded European marketplace and payments company, and as an Executive Advisor to Riverwood Capital. He has received numerous accolades as a top TMT public company CFO in Latin America. Pedro is a British and Brazilian citizen and holds a bachelor’s degree, magna cum laude, from Haverford College and a master’s degree from the University of Oxford.

Mr. Sebastián Kanovich is a member of our board of directors, chairman of the Commercial, Business Development & M&A Committee. As a member of the founding management team, he has been leading the company since its inception, from January 2016 to March 2024. Prior to dLocal, he was the CEO of AstroPay. Mr. Kanovich holds a Bachelor degree in Economics from Universidad ORT Uruguay. He also studied Entrepreneurship, Innovation and Management of Technology at Tel Aviv University, and completed the Endeavor Innovation and Growth Program at Stanford Graduate School of Business.

Mr. Luiz Ribeiro is a member of our board of directors and principal at General Atlantic, focusing on their investments in South America. Before joining General Atlantic in 2016, Mr. Ribeiro worked as a Director at Advent International, where he concentrated on the financial services and healthcare sectors while based in the São Paulo and Bogota offices. During his time at Advent International, he served on the boards of a number of investments, and served as CFO of Atmosfera Gestão e Higienização de Texteis Ltda. Mr. Ribeiro currently sits on the boards of Neon and QuintoAndar, is an alternate director of Pague Menos, and is a board observer of Gympass. Mr. Ribeiro received a Bachelor of Arts in Business Administration from Fundação Getulio Vargas (EAESP-FGV) and completed the Program for Leadership Development at Harvard Business School.

Will Pruett is an Independent Board Member and well as a member of our Audit Committee.

Mr. Pruett also serves as an independent board member of PicPay, one of the largest Brazilian digital banks. Previously, Mr. Pruett served at Fidelity Investments for 16 years (from 2008 to 2025), where he was a portfolio manager for the Fidelity Latin America Fund (FLATX), Fidelity Emerging Markets Opportunities Fund (FEMSX) and Fidelity Total Emerging Markets Fund (FTEMX). Prior to Fidelity, Mr. Pruett worked at HSBC, where he held roles in retail credit and e-commerce across Asia, Europe and Latin America. Mr. Pruett holds a master’s degree in Business Administration from the Harvard Business School and a degree in Economics from the University of Chicago.

Ms. Verónica Raffo is a partner in FERRERE and participates actively in its management and strategic leadership. She has more than 25 years of experience advising a stellar list of global clients, managing highly complex cases with sensitive content with focus on corporate issues, dispute negotiation, compliance audits and corporate governance. Ms. Raffo is also a reference in entrepreneurship and gender issues, both in Uruguay and internationally. She is the incoming gold Regional Chair Latin America of YPO (Young Presidents Organization) and she was one of the founders and the President of the Uruguayan Women Entrepreneurs Organization, OMEU. Each year since 2019 she has been recognized as Uruguay’s most highly reputed woman business leader, according to the Corporate Reputation Business Monitor (MERCO). She is an instructor in Board Management at the Graduate School of Business - EPN of Universidad ORT Uruguay. She holds a degree as attorney (Universidad de la República, Uruguay) and a diploma in American and International Law from The Center for American and International Law (United States).

Hyman K Bielsky is an independent member of our board of directors and a member of our audit committee. Having held legal and operating leadership roles in both private and publicly listed companies Mr Bielsky brings extensive experience to the Board. Mr. Bielsky holds his Law Degree from the University of North Carolina, where he graduated “with Honors". Mr Bielsky commenced his career with a major US law firm. After seven years of private practice, Mr Bielsky joined Safety Kleen Corp, a Fortune 500, NYSE listed company, where he rose to become its General Counsel responsible for worldwide legal affairs. He ultimately became CEO and then Chairman of Safety-Kleen Europe, Ltd, after it was spun out of Safety-Kleen Corp. Over his twenty-one-year career at Saftey-Kleen Corp and Safety-Kleen Europe, Ltd, Mr Bielsky honed his legal and operating skills in his multiple leadership roles.

Paco Ybarra is an independent member of our board of directors and brings over three decades of experience in global financial markets and risk management. He spent 36 years at Citigroup, where he served as CEO of the Institutional Clients Group (ICG), was a member of Citi’s Management Committee and co-chaired the ICG Risk Management Committee. In addition to his executive roles, Paco has served on multiple corporate boards, including his current tenure at The Man Group plc and other leading financial institutions, bringing deep insight into governance, capital markets and risk oversight. His experience leading complex global businesses and navigating evolving regulatory environments provides valuable perspective to dLocal as it continues to scale its platform for enterprise clients across emerging markets. He holds a BA in Economics from the University of Valencia in Spain and an MBA from IESE in Barcelona.

Nelson Mattos is a seasoned technical executive with a 30-year career, spanning leadership roles at Google and IBM. He held the position of IBM Distinguished Engineer and Vice President for Information and User Technologies, was an Assistant Professor at the University of Kaiserslautern and served as Google’s Vice President of Product and Engineering for Europe and Emerging Markets.

Currently, Nelson serves as the Chief Operating Officer of Karimu International Help Foundation, leading initiatives to eliminate poverty in Tanzania. He is also an advisor to startups globally, a board member of several organizations, and an active volunteer in various non-profits.

Throughout his career, Nelson has received numerous awards and recognitions, including the titles of Ambassador of Kaiserslautern, Germany, and World Ambassador of Porto Alegre, Brazil, for his contributions to these cities and for serving as a role model for future generations. Nelson holds a Ph.D. in Computer Science from the University of Kaiserslautern and has published over 80 papers, holds 13 patents, and authored the book An Approach to Knowledge Base Management. He is widely recognized for his contributions to the tech industry and his impact on emerging markets.