Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 22

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 22
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dLocal has a clearly defined and readily executable growth strategy to become the online payments infrastructure of choice in emerging markets. We will continue to focus on serving our diversified base of global enterprise merchants, especially in attractive industry verticals such ase-commerce, streaming, ridehailing, financial services, remittances, advertising, SaaS, travel, e-learning, on-demand delivery, gaming and crypto. We are focused on the following strategic pillars for growth, all of which build on each other and further enhance the power of our value proposition:

<div align='center'>S-10</div>

Grow with our existing enterprise merchant base and deepen our relationships with them

Our clients include some of the world’s leading global merchants. Increased adoption of e-commerce and online modes of payment in emerging markets have delivered significant growth for global merchants in recent years. Given the nature of our business model, the TPV that flows through our platform drives our overall revenue. As global merchants continue to benefit from these strong secular trends, we believe this will translate into larger transaction volumes and additional revenue for dLocal from the solutions we offer and the countries where we serve them today.

We have a strong track record of account management, cross-selling merchants, and expanding their use of our services, which will help us broaden their use of our platform across both additional solutions (e.g., offering pay-out solutions to a pay-in only merchant) and countries (e.g., activating our platform in India for a merchant currently only engaging with us in Latin America). We believe that our continuous investments in enhancing the merchant experience (both for the merchants and for their end users), our strong problem-solving culture, our ever-evolving use of technology and AI, will help us deliver superior service, leading our merchants to increase the percentage of their overall volume routed to dLocal.

Increase number of global merchant clients

Our dedicated sales team continues to develop
new global merchant relationships with the intent to be on-boarded and provide them with our solutions and capabilities across one or
multiple emerging markets. Furthermore, we will continue to benefit from the ability to reference our existing clients to recommend our
platform, helping us gain traction with new global merchants. To further expand our merchant base, we have developed a robust sales process
with a proven track-record of winning competitive requests for proposals, or RFPs. Global merchants typically conduct a rigorous bidding
and due diligence process before choosing and on-boarding their preferred PSP, evaluating candidates across many factors primarily including
approval rates, technical capabilities, security, fraud management capabilities