Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 1

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 1
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writers’ 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 on page S-18 of this prospectus supplement.

|                                                          | Per          
 Class A      
 Common Share | Total |
| Public offering price(1)                                 | US$          | US$   |
| Underwriting discounts and commissions(1)(2)             | US$          | US$   |
| Proceeds, before expenses, to the selling shareholder(1) | US$          | US$   |

| (1) | Assumes no exercise of the underwriter’s option to purchase additional Class A common shares. |

| (2) | See “Underwriting” for a description of all compensation payable to the underwriter. |

Neither the Securities and Exchange Commission, or the SEC, nor any state securities commission has approved or disapproved these securities or determined if this prospectus supplement or the prospectus to which it relates is truthful or complete. Any representation to the contrary is a criminal offense.

The underwriters expect to deliver the Class A
common shares through the facilities of The Depository Trust Company against payment in New York, New York on or about ,
2025.

<div align='center'>Global Coordinators</div>

| J.P. Morgan | Goldman Sachs & Co. LLC | Morgan Stanley |
|             | Joint Bookrunners       |                |
| BTG Pactual |                         | Citigroup      |

<div align='center'>The date of this prospectus supplement is , 2025

table of contents

Prospectus Supplement</div>

| About This Prospectus Supplement                          | S-ii |
| Incorporation of Documents by Reference                   | S-iv |
| Non-IFRS Financial Measures                               | S-v  |
| Summary                                                   | S-1