#3256

Sergio Fogel

Uruguay 62 years old Self-Made

Overview

Source of Wealth: fintech
Industry: Finance & Investments
Residence: Montevideo
Education: INSEAD (Master of Business Administration)
Technion-Israel Institute of Technology (Bachelor of Arts/Science)
Technion-Israel Institute of Technology (Master of Science)

Assets

dLocal

50,894,000 shares @ -

-

DLO-US

Biography

Sergio Fogel is the cofounder of Uruguay-based fintech dLocal; he owns about 17% of the shares and left the company in early 2026.

Founded in Montevideo in 2016, dLocal went public on the NASDAQ in June 2021, just nine months after becoming Uruguay's first unicorn in September 2020.

dLocal operates in emerging markets such as Brazil and India and its clients include Amazon, Netflix, Google, Microsoft, Nike and Spotify.

Fogel started dLocal with board member Andrés Bzurovski and the firm's founding CEO, Sebastián Kanovich.

The three are all alumni of Uruguay's Universidad ORT and previously worked together at payments firm AstroPay, also founded by Bzurovski and Fogel.