Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 46

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 7
Chunk 46
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 holders of Class B common shares are entitled to maintain a proportional ownership interest by purchasing additional Class B common shares in the event that additional Class A common shares are issued. For more information, see “Item 10. Additional Information—B. Memorandum and articles of association—Preemptive or Similar Rights.”

B.Related party transactions.
We have engaged in, and we expect that we will continue to engage in, transactions with related parties, including, without limitation, the transactions described below. We believe the terms and conditions of these arrangements are generally equivalent to those which we could obtain from an unaffiliated third party, to the extent there are third parties which could provide comparable goods or services.
Key Management Compensation
The compensation for our executive team and directors was US$19.8 million, US$9.0 million and US$5.1 million for the year ended December 31, 2024, 2023 and 2022, respectively.
Other Transactions
We had revenues from transactions with merchants who were related parties in the amount of US$0.3 million, US$1.5 million and US$1.2 million for the year ended December 31, 2024, 2023 and 2022, respectively; costs with collection entities who were related parties in the amount of US$0.9 million, US$0.1 million and US$0.6 million for the year ended December 31, 2024, 2023 and 2022, respectively; and financial expenses regarding foreign exchange losses originated on an intra-group loan denominated in US Dollar between subsidiaries located in Argentina and Malta for US$22.6 million and US$81.0 million for the year ended December 31, 2024 and 2023. We also had outstanding accounts payables with related parties for US$0.04 million and US$0.02 million for the year ended December 31, 2024, and 2023, respectively; outstanding accounts receivables with related parties for the year ended December 31, 2024, is US$6.9 million, compared to US$0.4 million for the year ended December 31, 2023. In addition to the above, Clara Singer, the sister to one of our directors, Jacobo Singer, is employed as our vice president of Latin American operations, for which she receives customary compensation.

Transactions between shareholders
In the years ended December 31, 2024 and 202