Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 50

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 50
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 to the rapid pace of technological changes in the payments processing industry; |

| · | competition in the payments processing industry; |

| · | our ability to implement our business strategy; |

| · | the reliability, performance, functionality and quality of our payments processing platform; |

| · | fluctuations in interest, inflation and exchange rates in any of the countries we serve or may serve in the future; |

| · | the availability of government authorizations or exemptions on terms and conditions and within periods acceptable to us; |

| · | our compliance with, and changes to, government laws and regulations, including those related to taxes, that currently impact or apply 
 to us;                                                                                                                                 |

| · | general economic, financial, political, demographic and business conditions in the countries we serve and their impact on our business; |

| · | our ability to manage operations at our current size or manage growth effectively; |

| · | our ability to successfully expand into new products and new markets; |

| · | our ability to pursue and successfully carry out strategic acquisitions or investments; |

| · | our ability to continue attracting and retaining new appropriately skilled employees; |

| · | public health threats or outbreaks of communicable diseases, such as the COVID-19 virus and others; |

| · | the interests of our principal shareholders; |

| · | changes in merchant or consumer demands regarding payment processing services and our ability to innovate to respond to such changes; |

| · | the availability and effective operation of management information systems, financial systems and other technology; |

| · | our ability to comply with applicable cybersecurity, privacy and data protection laws and regulations; |

<div align='center'>S-29</div>

| · | our ability to protect ourselves against cybersecurity risks; |

| · | events or conditions that adversely affect our reputation or our image, including being the subject of adverse market reports; |

| · | other factors that may affect our financial condition, liquidity and results of operations; and |

| · | other risk factors discussed under “Risk Factors” included in documents we file from time to time with the SEC that are 
 incorporated by reference herein, including our 2024 Form 20-F.                                                         |

The words “believe,” “understand,”
“may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “seek,”
“intend,” “expect,” “should,” “could,” “forecast” and similar words are intended
to identify forward-looking statements. You should not place undue