dLocal Ltd

This annual report contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Many of the forward-looking statements contained in this annual report can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others.

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our ability to adapt to the rapid pace of technological changes in the payments processing industry;

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competition in the payments processing industry;

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our ability to implement our business strategy;

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the reliability, performance, functionality and quality of our payments processing platform;

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fluctuations in interest, inflation and exchange rates in any of the countries we serve or may serve in the future;

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the availability of government authorizations or exemptions on terms and conditions and within periods acceptable to us;

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our compliance with, and changes to, government laws, regulations and tax matters that currently apply to us;

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general economic, financial, political, demographic and business conditions in the countries we serve and their impact on our business;

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our ability to manage operations at our current size or manage growth effectively;

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our ability to successfully expand into new products and new markets;

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our ability to pursue and successfully carry out strategic acquisitions or investments;

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our ability to continue attracting and retaining new appropriately skilled employees;

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public health threats or outbreaks of communicable diseases, such as the COVID-19 virus and others;

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the interests of our principal shareholders;

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changes in merchant or consumer demands regarding payment processing services and our ability to innovate to respond to such changes;

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the availability and effective operation of management information systems and other technology;

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our ability to comply with applicable cybersecurity, privacy and data protection laws and regulations;

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our ability to protect ourselves against cybersecurity risks;

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events or conditions that adversely affect our reputation or our image;

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other risk factors discussed under “Risk Factors.”

Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them considering new information or future developments or to release publicly any revisions to these statements to reflect later events or circumstances or to reflect the occurrence of unanticipated events.