Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 1

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 1
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 on page S-18 of this prospectus supplement.

|                                                          | Per          
 Class A      
 Common Share | Total          |
| Public offering price(1)                                 | US$	12.75    | US$191,250,000 |
| Underwriting discounts and commissions(1)(2)             | US$0.3825    | US$5,737,500   |
| Proceeds, before expenses, to the selling shareholder(1) | US$12.3675   | US$185,512,500 |

| (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 September 5, 2025.

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

| J.P. Morgan | Goldman Sachs & Co. LLC | Morgan Stanley |

<div align='center'>Joint Bookrunners</div>

| BTG Pactual | Citigroup |

<div align='center'>The date of this prospectus supplement is September 3, 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  |
| Risk Factors                                              | S-18 |
| Cautionary Statement Regarding Forward-Looking Statements | S-29 |
| Use of Proceeds                                           | S-31 |
| Capitalization                                            | S-32 |
| Description of Class A Common Shares                      | S-33 |
| Principal Shareholders and Selling Shareholder            | S-34 |
| Taxation                                                  | S-37 |
| Class A Common Shares Eligible for Future Sale            | S-42 |
| Underwriting                                              | S-44 |
| Expenses of the Offering                                  | S-57 |
| Validity of Securities                                    | S-58 |
| Experts                                                   | S-