Portrait of Sergio Fogel

Rank #3405

Sergio Fogel

Net worth $1.0B

fintech · Uruguay

Born
Dec 22, 1963
Age
62
Source
fintech
Residence
Montevideo
Citizenship
Uruguay
Marital status
Children
0
Education
Master of Business Administration, INSEAD; Bachelor of Arts/Science, Technion-Israel Institute of Technology; Master of Science, Technion-Israel Institute of Technology

Net worth over time

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.

Financial assets

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