Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
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Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
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Filed pursuant to Rule 424(b)(3)

Registration Statement No. 333-290009

<div align='center'>15,000,000 Class A Common Shares

DLocal Limited(incorporated in the Cayman Islands)</div>

This is a public offering of 15,000,000 Class A
common shares of par value US$0.002 each of DLocal Limited, or dLocal, by General Atlantic DO B.V., or the selling shareholder. We will not receive any proceeds from the sale of Class A common shares by the
selling shareholder.

Our Class A common shares are listed on the
Nasdaq Global Select Market under the symbol “DLO.” On September 3, 2025, the last reported sale price of our Class A
common shares on the Nasdaq Global Select Market was US$13.93.

We have two classes of common shares: our Class A
common shares and our Class B common shares. The rights of the holders of Class A common shares and Class B common shares
are identical, except with respect to voting, conversion and transfer restrictions applicable to the Class B common shares. Each
Class A common share is entitled to one vote. Each Class B common share is entitled to five votes and is convertible into one
Class A common share automatically upon transfer, subject to certain exceptions. Holders of Class A common shares and Class B
common shares vote together as a single class on all matters unless otherwise required by law. Following this offering, our issued and
outstanding Class B common shares will continue to represent approximately 79.67% of the combined voting power of our outstanding
common shares, regardless of the exercise of the underwriters’ option to purchase additional shares. See “Principal Shareholders
and Selling Shareholder.”

The underwriters also have the option, exercisable
in whole or in part, to purchase up to an additional 2,250,000 Class A common shares from the selling shareholder for 30 days after
the date of this prospectus supplement. See “Underwriting—Option to Purchase Additional Class A Common Shares.”

An investment in our Class A common shares involves risks. You should carefully consider the risks described under “Item 3. Key Information—D. Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 24, 2025, and any amendments thereto, incorporated by reference herein, and “Risk Factors” beginning