Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 26

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 26
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 and vendors and improving their sales.

Furthermore, dLocal’s payment platform provides merchants with holistic and granular views of their payments activity. For example, merchants are able to view in real-time summarized transaction information pertaining to specific locations or counterparties or drill down into why a specific transaction was rejected through our API or dashboards. These insights can help merchants improve reporting and reconciliation and avoid potential payments settlement issues, often allowing them to increase their sales or reduce their costs. This in turn benefits dLocal by further strengthening the relationship with (and the value of our platform for) our merchants.

Recent Developments

On August 13, 2025, we announced the appointment
of Guillermo López Pérez as our new Chief Financial Officer. Guillermo will replace Jeffrey Brown who has acted as our interim
CFO since the departure of our former CFO, Mark Ortiz, who announced in March 2025 that he would be stepping down due to health reasons.
Jeffrey will continue in his previous role as VP of Finance.

In June 2025, we announced our intention to acquire
AZA Finance, a fintech company specializing in cross-border payments and foreign exchange solutions in Africa, subject to regulatory approvals.
Following this announcement in July 2025, AZA Finance became the subject of a third-party complaint that may result in us pursuing a restructured
deal focused on the assets/entities most relevant to dLocal, subject to conclusion of the third-party claim and regulatory approvals.
As part of our originally announced acquisition of AZA Finance, we had extended a credit facility to AZA Finance to help fund AZA Finance’s
working capital, pending completion of the acquisition. This credit facility is recorded as an asset on our balance sheet at a fair value
of US$23.2 million as of June 30, 2025 (please see Note 18 to the 2Q25 Financial Statements). We continue to monitor closely the progress
of this claim. Depending on the outcome of the third-party claim and the final structure of the transaction, we may be required
to reassess the recoverability of the asset.

As of June 30, 2025, we had recorded assets due
from a third-party payment processor in a total amount of US$8.3 million, composed of US$2.1 million as Advances and other receivables
and US$6.2 million as Other financial asset measured at Fair Value through Profit or Loss, or FVPL. The assets include a series
of installment payments