dLocal, a cross-border payment platform specializing in high-growth markets, recently announced that Mark Ortiz has been appointed chief financial officer. Ortiz will report directly to dLocal’s CEO, Pedro Arnt, overseeing dLocal’s accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk, and treasury functions.
Ortiz brings more than 30 years of international financial and operational management experience, primarily within GE’s umbrella companies. While at GE, Ortiz held senior positions in various financial areas, culminating in roles as global FP&A leader for GE Capital, CFO for the industrial finance and energy financial services businesses, and global controller for GE Capital’s real estate and equipment leasing and lending platforms.
During his professional career, dLocal said Ortiz lived and worked in more than 20 markets, making him a good candidate to bolster its emerging markets high-growth expansion strategy.
“I am very impressed with the outstanding results that dLocal achieved in such a short period of time and really excited about the growth potential of the company,” said Ortiz. “I am honored to join dLocal as its next chief financial officer and look forward to continuing to build this great company.”
“Mark’s international background includes not only key financial expertise fit to our current requirements, but also working assignments across over 20 markets, making him well suited for the global complexity that dLocal presents, ” added Arnt. “I trust Mark is the optimal CFO choice to propel us to the next level of growth and reinforce our standing as a frontrunner in payment solutions for emerging markets.”
In the position of CFO, Ortiz will be tasked to deploy dLocal’s investments, aimed at constructing the foundational company-building mechanisms that will ensure a sustainable, efficient, and high-growth business going forward. He replaces Diego Cabrera Canay, who dLocal said: “played a pivotal role in establishing numerous finance functions at dLocal, prepping it for substantial international expansion and growth, and guiding the company through its public listing process.”
