Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 6

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 3
Chunk 6
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Item 3. Key Information

A.

[Reserved]

B.

Capitalization and indebtedness.

Not applicable.

C.

Reasons for the offer and use of proceeds.

Not applicable.

D.

Risk factors.

This section is intended to be a summary of more detailed discussions contained elsewhere in this annual report. The risks described below are not the only ones we face. Our business, results of operations or financial condition could be harmed if any of these risks materialize and, as a result, the trading price of our Class A common shares could decline.

Summary of Risk Factors

An investment in our Class A common shares is subject to a number of risks, including risks relating to our business and industry, risks related to the countries in which we operate and risks related to our Class A common shares. The following list summarizes some, but not all, of these risks.

Certain Risks Relating to Our Business and Industry

  If we cannot keep pace with rapid developments and change in our industry, including making the necessary investments to keep pace with such developments and change, the use of our services cou...  

  Substantial and increasingly intense competition may harm our business.  
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  We may not be able to successfully implement strategies to attract or retain merchants, expand our product portfolio or increase adoption of our payments processing platform, which would limit ...  
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  We have a limited operating history with financial results that may not be indicative of future performance, and our revenue growth rate is likely to slow down as our business matures.  
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  If we fail to manage our growth effectively, our business could be harmed.  

  Potential merchant clients may be reluctant to switch to a new vendor or integrate with a new vendor, or integration may take longer than expected, which may adversely affect our growth.  
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  A decline in the quality of the services we offer could adversely affect our ability to attract and retain merchants and partners.  

  Certain large merchants provide a significant share of our revenues and the reduction in business with these merchants could materially harm our business.  

  Interruption or