Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 4

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 4
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 Limited, together with its                  
 consolidated subsidiaries.                                                                             |

| · | The “underwriters” means J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Banco          
 BTG Pactual S.A. - Cayman Branch and Citigroup Global Markets Inc., who will act as the underwriters of this offering. |

References in this prospectus supplement to “U.S.
dollars,” “dollars,” “US$” or “$” refer to U.S. dollars, the official currency of the United
States and our functional currency.

<div align='center'>S-iii

Incorporation of
Documents by Reference</div>

The SEC allows us to “incorporate by reference”
the information we file with it into this prospectus supplement. This means that we can disclose important information to you by referring
you to another document filed separately with the SEC. The information incorporated by reference is considered to be a part of this prospectus
supplement, except for any information superseded by information that is included directly in this document or incorporated by reference
subsequent to the date of this document. You should read the information incorporated by reference because it is an important part of
this prospectus supplement.

We incorporate by reference into this prospectus
supplement the following documents that we have filed with the SEC:

| (1) | our annual report on Form                                                                                                             
 20-F for the fiscal year ended December 31, 2024, filed with the SEC on April 24, 2025, and any amendments thereto, if any (the “2024 
 Form 20-F”);                                                                                                                          |

| (2) | Exhibit 99.5                                                                                                       
 of our current report on Form 6-K furnished to the SEC on May 14, 2025, relating to the distribution of dividends; |

| (3) | our current report on Form                                                                                                        
 6-K furnished to the SEC on June 23, 2025, relating to the appointment of Will Pruett as an independent board member and a member 
 of our audit committee;                                                                                                           |

| (4) | Exhibit 99.2                                                                                                                                  
 of our current report on Form 6-K furnished to the SEC on August 13, 2025, relating to our unaudited consolidated condensed interim financial 
 statements as of June 30, 2025 and for the six-month and three-month periods ended June 30, 2025 and