(Reuters) -Uruguayan fintech dLocal on Wednesday raised its forecasts for 2025, predicting higher ranges for its revenue and profit growth, after earnings surged ahead of analyst forecasts helped by solid results in Brazil and Mexico.

The payments provider, which operates across emerging markets, now predicts a total payment volume (TPV) up 40%-50% compared to the $25.6 billion it recorded last year, when this figure shot up some 45%.

This also brought up the group’s guidance for revenue, gross profit and adjusted earnings before interest taxes depreciation and amortization (EBITDA), the latter which is also expected to rise 40%-50% from 2024, when it shrunk 7% to $189 million.

Dlocal had previously guided for TPV up 35%-45% and adjusted EBITDA up 20%-30%.

DLocal launched in 2016 and q

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