Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 121

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 121
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validity of the arrangements or the performance by us or the institutional investor.

Indemnification

Agreements that we or any selling shareholders
have entered into or may enter into with underwriters, dealers or agents may entitle them to indemnification by us against various civil
liabilities. These include liabilities under the Securities Act of 1933, as amended. The agreements may also entitle them to contribution
for payments which they may be required to make as a result of these liabilities. Underwriters, dealers or agents may be customers of,
engage in transactions with, or perform services for, us in the ordinary course of business.

<div align='center'>24

Legal Matters</div>

Unless otherwise indicated in the applicable prospectus
supplement, certain legal matters with respect to U.S. federal and New York State law will be passed upon for dLocal by Davis Polk &
Wardwell LLP. The validity of the Class A common shares offered pursuant to this prospectus and other legal matters as to Cayman Islands
law will be passed upon for dLocal by Maples and Calder (Cayman) LLP. Any underwriters will also be advised about certain legal matters
by their own counsel, which will be named in any applicable prospectus supplement.

<div align='center'>25

Experts</div>

The financial statements and management’s
assessment of the effectiveness of internal control over financial reporting (which is included in Management’s Annual Report on
Internal Control over Financial Reporting) incorporated in this prospectus by reference to the Annual Report on Form 20-F for the year
ended December 31, 2024 have been so incorporated in reliance on the report of Price Waterhouse & Co S.R.L, an independent registered
public accounting firm, given on the authority of said firm as experts in auditing and accounting.

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15,000,000 Class A Common Shares

DLocal LimitedPROSPECTUS SUPPLEMENT

Global Coordinators</div>

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

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

| BTG Pactual | Citigroup |

<div align='center'>September 3, 2025</div>