Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 152

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 152
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ization of intangible assets (iii) 13,413 8,710 4,793
Salary and wages (iv) 3,038 2,252 1,411
Total 451,301 373,492 216,758
(i)
Include fees from financial institutions (e. g., banks, local acquirers or payment methods) charged the Group, typically as percentage of the transaction value (but in certain cases, as a fixed fee in the case of pay-outs in relation to payment processing, cash advances, installment payments and merchant advances finance cost). Such fees vary by financial institution and typically depend on the settlement period contracted with such institution, the payment method used and the type of product (e. g., pay-in or a pay-out). These fees also include conversion and expatriation or repatriation costs charged by banks and brokers and the corresponding hedging results. For further details related to the effect of hedging results see Note 22. Derivative financial instruments
(ii)
Expenses related to hosting services for the Group’ s payment platform.
(iii)
Represents the amortization of capitalized internally generated software (i. e., dLocal’ s payment platform). For further detail refer to Note 20: Intangible Assets.
(iv)
Consist of salaries and wages of the operations department directly involved in the day-to-day operations. For further detail refer to Note 9: Employee Benefits.

7.
Technology and development expenses
Technology and development expenses consist of the following:
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Salaries and wages (i) 12,626 5,805 2,969
Software licenses (ii) 5,723 3,213 1,294
Infrastructure expenses (iii) 4,871 2,279 1,496
Information and technology security expenses (iv) 336 442 298
Other technology expenses 2,069 911 291
Total 25,625 12,650 6,348

F-29

(i)
Consists primarily of full-time equivalents (“ FTE”)’ compensation related to product and technology development, excluding capitalized salaries and wages related to internally generated software. For further detail on total salaries and wages refer to Note 9: Employee Benefits.
(ii)
Consists of software licenses used exclusively by the technology development department for the development of the platform.
(iii)
Represents information technology costs to support the Group’s infrastructure and back-office operations.