Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 39

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 6
Chunk 39
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) the treatment of any gain on disposition of the Class A common shares as ordinary income; (2) the application of a deferred interest charge on any such gain and the receipt of certain dividends; and (3) compliance with certain reporting requirements. A “mark-to-market” election may be available that will alter the consequences of PFIC status if our Class A common shares are regularly traded on a qualified exchange. For further discussion, see “Item 10. Additional Information - E. Taxation - U. S. Federal Income Tax Considerations. ”

Item 4. Information on the Company

A.

History and development of the company.

We undertake our filings in electronic form using the EDGAR filing system of the SEC. Our filings are available through the EDGAR system at www. sec. gov. Our filings are also available to the public through the Internet at dLocal’s website at investor. dlocal. com. The information contained in, or accessible through, our website is not part of, and is not incorporated into, this annual report.

We started our journey in 2016 as a technology-first company seeking to disrupt online payments and to unlock opportunities for global enterprise merchants in emerging markets. We believe that we were among the first providers to recognize that, while large global merchants want to grow their business by selling their products and services online in emerging markets, they did not have the right online payments infrastructure to do so efficiently.

Since our inception, we have harbored global ambitions. We started with a single product to support a single payment method in one market, specifically pay-in cross-border payments in Brazil. Our early success empowered us to expand to other emerging markets, offering our services today in more than 40 countries including Brazil, Mexico, Argentina, Colombia and Chile in Latin America; Nigeria, Egypt, South Africa, and Morocco in Africa; and India, Philippines, and Indonesia in Asia, among others.

From the outset, our teams leveraged their technical expertise and entrepreneurial acumen to construct our flexible, scalable platform from scratch. The addition of strong commercial and financial talent complemented their technical proficiency, which has allowed dLocal to scale the business. Over the years, we have been able to continuously and rapidly introduce new solutions and capabilities in response to our global merchant’s dynamic needs and payments ecosystems, further develop and enhance our technology platform, and evolve our business model.

Today, dLocal is a key enabler of online commerce in emerging markets serving different high-growth, technology-related verticals across key sectors in the economy