Sergio Fogel: How an INSEAD MBA Helped a Uruguayan Entrepreneur Build a Billion-Dollar Payments Business

INSEAD alumnus Sergio Fogel is one of Uruguay’s most successful internet entrepreneurs. In 2016, he co-founded payments firm dLocal. Today, it’s the world leader in cross-border payments in emerging markets, with offices in five countries and operations in 30. It became Uruguay’s first unicorn in 2020 and is now valued at US $9.5 billion, following its 2021 public listing on the NASDAQ.  We sat down with Sergio to find out more about his entrepreneurial journey and the role INSEAD played in his success.

Ian Weng

ian
For those interested in exploring entrepreneurship as a career path, I highly recommend you roll up your sleeves and actually try to build a real startup during your time at INSEAD.

Inside the INSEAD MIM: P3

P3 is the last study period on the Fontainebleau campus, before the cohort moves on to Abu Dhabi (optional) and Singapore. In the Core Courses, you will learn to apply your accounting knowledge to practical managerial uses, discover the exciting and perhaps surprising aspects of operations and logistics, and understand the intersection between business, government and public policy.

The Agents of Change

INSEAD brings together a group of outstanding female alumnae and celebrates women who have pushed their own limits and emerged as leaders in their respective fields. Together, we inspire a new generation of thinkers, builders, movers and shakers. Join these leaders of transformation at INSEAD to create positive change.

Startup Bootcamp: A Glimpse of the World of an Entrepreneur

I never saw myself as an entrepreneur before INSEAD. In my mind, entrepreneurs with the likes of Steve Jobs or Elon Mask have a certain level of coolness; they are free spirits with a tremendously high risk-seeking appetite. I imagine them to be working day and night in T-shirts and jeans in their tech-enabled cozy offices, drinking coffee and ordering late night takeaways, pushing the team towards new breakthroughs with excitement!
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