Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 88

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 88
---
 with Article 44 of the Swiss Financial Services Ordinance,

provided that no such offer of Class A common
shares shall require the Company or any underwriter to publish a prospectus pursuant to Article 35 FinSA.

The Class A common shares have not been and will
not be listed or admitted to trading on a trading venue in Switzerland.

Neither this document nor any other offering or
marketing material relating to the Class A common shares constitutes a prospectus as such term is understood pursuant to the FinSA and
neither this document nor any other offering or marketing material relating to the Class A common shares may be publicly distributed or
otherwise made publicly available in Switzerland.

Cayman Islands Data Protection

We have certain duties under the Data Protection
Act (As Revised) of the Cayman Islands, or the DPA, based on internationally accepted principles of data privacy.

Privacy Notice

This privacy notice puts our shareholders on notice
that through your investment into us you will provide us with certain personal information which constitutes personal data within the
meaning of the DPA, or personal data.

Investor Data

We will collect, use, disclose, retain and secure
personal data to the extent reasonably required only and within the parameters that could be reasonably expected during the normal course
of business. We will only process, disclose, transfer or retain personal data to the extent legitimately required to conduct our activities
of on an ongoing basis or to comply with legal and regulatory obligations to which we are subject. We will only transfer personal data

<div align='center'>S-54</div>

in accordance with the requirements of the DPA, and
will apply appropriate technical and organizational information security measures designed to protect against unauthorized or unlawful
processing of the personal data and against the accidental loss, destruction or damage to the personal data.

In our use of this personal data, we will be characterized
as a “data controller” for the purposes of the DPA, while our affiliates and service providers who may receive this personal
data from us in the conduct of our activities may either act as our “data processors” for the purposes of the DPA or may process
personal information for their own lawful purposes in connection with services provided to us.

We may also obtain personal data from other public
sources. Personal data includes, without limitation, the following information relating to a shareholder and/or any individuals connected
with a shareholder as an investor: name, residential address, email address, contact details, corporate contact information, signature,
nationality, place of birth,