Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 97

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 97
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 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.

<div align='center'>5

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 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.