The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kaio Penso Da Prato - UBS Investment Bank, Research Division - Analyst
: I have 2 on my side, please. The first one is on the financial losses that you posted this quarter. So as per my understanding, and please correct me
if I'm wrong, you are not directly exposed to higher policy rates in Brazil and Mexico as all the prepayment is done with your acquirers partners,
and you just charge a fee for this. And as you have a net cash position today in this environment of higher policy rates, it would be likely to have a
positive impact into your financial results. So if you could please detail a little bit what drove these financial losses this quarter? And what can we
expect going forward? And then I will ask my second question, please.
Question: Kaio Penso Da Prato - UBS Investment Bank, Research Division - Analyst
: Okay. Great. And just on my second question here is that the company launched, I think in the recent weeks, a new initiative called dLocal Go,
which I understood is targeting SMBs. So it's a new platform focused mainly on start-ups and SMBs, which is differently from the focus of the global
merchants that you already had. So if you could please detail a little bit about this opportunity? And why would you focus on this at this moment,
given the huge opportunity that you still have on the global merchants, please?
Question: Andrew Thomas Bauch - SMBC Nikko Securities America, Inc., Research Division - Analyst
: I wanted to follow up on your comments around M&A in Asia and Africa. We haven't seen you really do anything super transformational thus far
on that front. And so if you could give us a little bit of color on what types of capabilities you'd be looking at? Is it something horizontal or maybe
something to help build out the tech stack even further?
Question: Andrew Thomas Bauch - SMBC Nikko Securities America, Inc., Research Division - Analyst
: Got it. Makes sense. And then hoping you could walk us through kind of the conversations you're having with your existing enterprise merchants
when you start to expand into these new geos. Is there competitive dynamics that you face when you move into those new geos in regards to
taking the share of wallet for your Existing Merchants in a new location? I just want to better understand the conversations you're having there.
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