Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 86

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 86
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 (Capital
Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment
Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

Notice to Prospective Investors in Switzerland

This prospectus does not constitute an offer to
the public or a solicitation to purchase or invest in any Class A common shares. No Class A common shares have been offered or will be
offered to the public in Switzerland, except that offers of Class A common shares may be made to the public in Switzerland at any time
under the following exemptions under the Swiss Financial Services Act (“FinSA”):

(a) to any person which is a professional client
as defined under the FinSA;

(b) to fewer than 500 persons (other than professional
clients as defined under the FinSA), subject to obtaining the prior consent of the representatives of the underwriters for any such offer;
or

(c) in any other circumstances falling within
Article 36 FinSA in connection 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.

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

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