Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 4

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 4
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 or distribution of
this prospectus supplement or the accompanying prospectus in any jurisdiction, other than the United States, where action for that purpose
is required. Persons outside the United States who come into possession of this prospectus supplement or the accompanying prospectus must
inform themselves about, and observe any restrictions relating to, the offering of the Class A common shares and the distribution
of this prospectus supplement or the accompanying prospectus outside the United States and in their jurisdiction.

Certain amounts and percentages included in or
incorporated by reference in this prospectus supplement have been rounded for ease of presentation. Percentage figures included in this
prospectus supplement have not been calculated in all cases on the basis of the rounded figures but on the basis of the original amounts
prior to rounding. For this reason, certain percentage amounts in this prospectus supplement may vary from those obtained by performing
the same calculations using the figures in our financial statements and/or other financial information. Certain other amounts that appear
in this prospectus supplement may not sum due to rounding.

The following references in this prospectus supplement
have the meanings shown below:

| · | Unless otherwise indicated or the context otherwise requires, “dLocal” or the “Company,” the “issuer,” 
 “we,” “our,” “ours,” “us” or similar terms refer to DLocal Limited, together with its                  
 consolidated subsidiaries.                                                                             |

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

| · | The “underwriters” means J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC,  Morgan Stanley & Co. LLC, 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
sub