Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 98

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 98
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 the availability and effective operation of management information systems, financial systems and other technology; |

| · | our ability to comply with applicable cybersecurity, privacy and data protection laws and regulations; |

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| · | our ability to protect ourselves against cybersecurity risks; |

| · | events or conditions that adversely affect our reputation or our image, including being subject of adverse market reports; |

| · | other factors that may affect our financial condition, liquidity and results of operations; and |

| · | other risk factors discussed under “Risk Factors” included in documents we file from time to time with the SEC that are 
 incorporated by reference herein, including in most recent annual report on Form 20-F.                                  |

The words “believe,” “understand,”
“may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “seek,”
“intend,” “expect,” “should,” “could,” “forecast” and similar words are intended
to identify forward-looking statements. You should not place undue reliance on such statements, which speak only as of the date they were
made. Neither we nor any selling shareholders undertake any obligation to update publicly or to revise any forward-looking statements
after we distribute this prospectus 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 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. You are advised to consult any additional disclosures we have made or will make in our reports
to the SEC on Forms 20-F and on Forms 6-K that are designated as being incorporated by reference into this prospectus. 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.

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Risk Factors</div>

Any investment in the Class A common shares involves
a high degree of risk. Before purchasing any securities, you should carefully consider and evaluate all of the information included and
incorporated by reference in this prospectus or any applicable prospectus supplement, including the risk factors incorporated by reference
from our most