“Can the world's largest independent McDonald's franchisee build a centralized, technology-driven treasury and financial operations layer capable of efficiently managing capital, FX, and liquidity across 20 LatAm markets at scale?”
Arcos Dorados was carved out of McDonald's in 2007 as an independent franchisee operator for Latin America and listed on NYSE in 2011. While its core business remains restaurant operations and sub-franchising, the company has invested significantly in treasury sophistication — deploying Kyriba to centralize multi-country, multi-currency treasury operations across 20 markets. Its recent capital structure activity (a $200M RCF in 2025 and $150M Brazilian subsidiary debt) reflects a maturing corporate finance function focused on cost efficiency and FX management across a highly fragmented LatAm footprint.
Arcos Dorados processes payments through Adyen.
The Embedded Finance Index 2026 maps 3 layers in Arcos Dorados's stack: Payments / PSP (Adyen); Lending ($200M syndicated revolving credit facility, $150M Brazilian subsidiary term loan (2029) and Sustainability-Linked Senior Notes due 2029); Treasury (Kyriba).
Arcos Dorados is founded in 2007 and headquartered in Montevideo, Uruguay.
Get a read on where your own stack stands against Arcos Dorados and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.