Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 51

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 51
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 reliance on such statements, which speak only as of the date they were
made. Neither we nor the selling shareholder undertake any obligation to update publicly or to revise any forward-looking statements after
we distribute this prospectus supplement because of new information, future events or other factors. Our independent public auditors have
neither examined nor compiled the forward-looking statements and, accordingly, do not provide any assurance with respect to such statements.
In light of the risks and uncertainties described above, the future events and circumstances discussed in this prospectus supplement might
not occur and are not guarantees of future performance. Because of these uncertainties, you should not make any investment decision based
upon these estimates and forward-looking statements. All subsequent written and oral forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this prospectus.

<div align='center'>S-30

Use of Proceeds</div>

We will not receive any proceeds from the sale
of the Class A common shares by the selling shareholder in this offering.

<div align='center'>S-31

Capitalization</div>

The table below sets forth our total capitalization
(defined as current lease and financial liabilities and non-current lease and financial liabilities plus total equity) as of June 30,
2025, on an actual basis.

You should read this table in conjunction with
our audited consolidated financial statements as of December 31, 2024, and 2023, and for the years ended December 31, 2024, 2023, and
2022 and related notes; and our unaudited consolidated condensed interim financial statements as of June 30, 2025 and for the six-month
and three-month periods ended June 30, 2025 and 2024 and related notes, all of which are incorporated by reference in this prospectus
supplement.

|                       |     | As of June 30, 2025 |         |
|:----------------------|:----|:--------------------|--------:|
|                       |     | -US$                |         |
|                       |     | -in thousands       |         |
| Current               |     |                     |         |
| Lease liabilities     |     |                     |   1,201 |
| Financial liabilities |     |                     |  56,806 |
| Non-current           |     |                     |         |
| Lease liabilities     |     |                     |   2,697 |
| Financial liabilities |