Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 50

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 50
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4 and related notes, all of which are incorporated by reference in this prospectus
supplement.

|                       |     | As of June 30, 2025 |         |
|:----------------------|:----|:--------------------|--------:|
|                       |     | -US$                |         |
|                       |     | -in thousands       |         |
| Current               |     |                     |         |
| Lease liabilities     |     |                     |   1,201 |
| Financial liabilities |     |                     |  56,806 |
| Non-current           |     |                     |         |
| Lease liabilities     |     |                     |   2,697 |
| Financial liabilities |     |                     |       - |
| Total equity          |     |                     | 448,180 |
| Total capitalization  |     |                     | 508,884 |

There have been no material changes to our capitalization
since June 30, 2025.

<div align='center'>S-32

Description of
Class A Common Shares</div>

For a description of our Class A common shares,
see “Description of Share Capital” in the accompanying prospectus to which this prospectus supplement relates.

<div align='center'>S-33

Principal Shareholders
and Selling Shareholder</div>

The following table and accompanying footnotes
present information relating to the beneficial ownership of our Class A common shares and Class B common shares: (1)
as of June 30, 2025; (2) following the sale of Class A common shares in this offering, assuming no exercise of the underwriters’
option to purchase additional common shares; and (3) following the sale of Class A common shares in this offering, assuming the underwriters’
option to purchase additional common shares is exercised in full, by:

| · | each person, or group of affiliated persons, known by us to own beneficially 5% or more of our issued and outstanding shares; |

| · | each of our executive officers and directors individually; |

| · | all executive officers and directors as a group; and |

| · | the selling shareholder. |

The number of common shares beneficially owned
by each entity, person, executive officer or director is determined in accordance with the rules of the SEC, and the information is not
necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares over
which the individual has sole or shared voting power or investment power