Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 99

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 99
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 recent annual report on Form 20-F, as updated by other reports and documents we file with the SEC after the date of this
prospectus that are incorporated by reference herein or in the applicable prospectus supplement. See “Incorporation of Documents
by Reference” and “Where You Can Find More Information.” Additional risk factors that you should carefully consider
may be included in a prospectus supplement or other offering materials relating to an offering of our Class A common shares.

We encourage you to read these risk factors in
their entirety. In addition to these risks, other risks and uncertainties not presently known to us or that we currently deem immaterial
may also adversely affect our business operations and financial condition. Such risks could cause actual results to differ materially
from anticipated results. This could cause the trading price of the securities to decline, perhaps significantly, and investors may lose
part or all of their investment. You should not purchase the securities described in this prospectus unless you understand and know you
can bear all of the investment risks involved.

In general, investing in the securities of issuers
with operations in emerging market countries such as those in Latin America, Africa and Asia, involves risks that are different from the
risks associated with investing in the securities of U.S. companies and companies located in other countries with more developed capital
markets.

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DLOCAL LIMITED</div>

dLocal is focused on simplifying and redefining the online payments experience in emerging markets. Through one API, one technology platform, and one contract, which we collectively refer to as the One dLocal model, we enable global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. Merchants on our platform consistently benefit from improved acceptance and conversion rates, reduced friction, and enhanced fraud prevention, which enables merchants to better serve nearly two billion potential combined internet users in the countries we serve. Our proprietary, fully cloud-based platform has the ability to power both cross-border and local-to-local transactions in more than 40 countries as of December 31, 2024. Our solutions are designed to be user-friendly and seamlessly adapted to our different countries and payment methods. We empower global merchants to expand their market reach by connecting them to consumers through more than 145 different local pay-in payment methods and 824 local pay-out payment methods, including financial institutions, across different geographies, as of December 31, 2024. In addition, our proprietary