DLocal Limited (DLO) 20-F 19 Mar 24 2023 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Entity Central Index Key	0001846832
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Registrant Name	DLocal Limited
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding	295,991,665
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity File Number	001-40451
Entity Incorporation, State or Country Code	E9
Entity Address Address Line1	Dr. Luis Bonavita 1294
Entity Address City Or Town	Montevideo
Entity Address Country	UY
Entity Address Postal Zip Code	11300
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Document Accounting Standard	International Financial Reporting Standards
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Title of 12(b) Security	Class A common shares, par value US$0.002 per share
Trading Symbol	DLO
Security Exchange Name	NASDAQ
Auditor Firm ID	1349
Auditor Name	Price Waterhouse & Co. S.R.L.
Auditor Location	Autonomous City of Buenos Aires, Argentina
Business Contact
Document Information [Line Items]
Entity Address Address Line1	Dr. Luis Bonavita 1294
Entity Address City Or Town	Montevideo
Entity Address Country	UY
Entity Address Postal Zip Code	11300
Contact Personnel Name	Pedro Arnt
City Area Code	424
Local Phone Number	392-7437

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Profit or loss [abstract]
Revenues	$ 650,351	$ 418,925	$ 244,120
Cost of services	(373,492)	(216,758)	(113,677)
Gross profit	276,859	202,167	130,443
Technology and development expenses	(12,650)	(6,348)	(3,386)
Sales and marketing expenses	(17,120)	(13,335)	(5,916)
General and administrative expenses	(70,568)	(48,343)	(40,637)
Impairment gain/(loss) on financial assets	3,136	(5,534)	(33)
Other operating gain/(loss)		(697)	3,367
Operating profit	179,657	127,910	83,838
Finance income	128,228	18,078	2,540
Finance costs	(116,834)	(24,668)	(544)
Inflation adjustment	(12,537)	(1,037)	(334)
Other results	(1,143)	(7,627)	1,662
Profit before income tax	178,514	120,283	85,500
Income tax expense	(29,428)	(11,586)	(7,647)
Profit for the year	149,086	108,697	77,853
Profit attributable to:
Owners of the Group	148,964	108,683	77,876
Non-controlling interest	122	14	(23)
Profit for the year	$ 149,086	$ 108,697	$ 77,853
Earnings per share (in USD)
Basic Earnings per share	$ 0.51	$ 0.37	$ 0.27
Diluted Earnings per share	$ 0.49	$ 0.35	$ 0.25
Items that are or may be reclassified subsequently to profit or loss:
Exchange difference on translation on foreign operations	$ (7,713)	$ 20	$ 102
Other comprehensive income for the year, net of tax	(7,713)	20	102
Total comprehensive income for the year	141,373	108,717	77,955
Total comprehensive income for the year is attributable to:
Owners of the Group	141,255	108,708	77,969
Non-controlling interest	118	9	(14)
Total comprehensive income for the year	$ 141,373	$ 108,717	$ 77,955

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 536,160	$ 468,092
Financial assets at fair value through profit or loss	102,677	1,295
Trade and other receivables	363,374	240,446
Derivative financial instruments	2,040	1,206
Other assets	11,782	56,789
Total Current Assets	1,016,033	767,828
Non-Current Assets
Financial assets at fair value through profit or loss	1,710
Deferred tax assets	2,217	362
Property, plant and equipment	2,917	2,734
Right-of-use assets	3,689	3,934
Intangible assets	57,887	51,443
Total Non-Current Assets	68,420	58,473
TOTAL ASSETS	1,084,453	826,301
Current Liabilities
Trade and other payables	602,493	407,874
Lease liabilities	626	686
Tax liabilities	20,800	11,695
Derivative financial instruments	948	544
Provisions	362	1,473
Total Current Liabilities	625,229	422,272
Non-Current Liabilities
Deferred tax liabilities	753	1,016
Lease liabilities	3,331	3,393
Total Non-Current Liabilities	4,084	4,409
TOTAL LIABILITIES	629,313	426,681
EQUITY
Share Capital	591	592
Share Premium	73,065	164,307
Capital Reserve	21,575	16,185
Other reserves	(9,808)	(1,448)
Retained earnings	369,608	219,993
Total Equity Attributable to owners of the Group	455,031	399,629
Non-controlling interest	109	(9)
TOTAL EQUITY	455,140	399,620
TOTAL EQUITY AND LIABILITIES	$ 1,084,453	$ 826,301

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Share Capital	Share Premium	Capital Reserve	Other Reserves	Retained Earnings	Total	Non-controlling Interest
Balance at Dec. 31, 2020	$ 45,048	$ 602		$ 12,582	$ 119	$ 31,749	$ 45,052	$ (4)
Comprehensive Income for the period
Profit of the year	77,853					77,876	77,876	(23)
Exchange difference on translation on foreign operations	102				(149)	242	93	9
Total comprehensive income for the year	77,955				(149)	78,118	77,969	(14)
Transactions with Group owners in their capacity as owners
Initial public offering, net of underwriting discount and incremental and direct costs	86,450	9	$ 86,441				86,450
Issue of ordinary shares	63,177	45	63,132				63,177
Par value change from 1.1211 U.S. Dollars to 1 U.S. Dollars		(70)	70
Share-options exercise	81		6,979	(6,898)			81
Forfeitures of share-based payment	(6)			(6)			(6)
Warrant exercise		4	529	(533)
Share-based payments net of forfeitures	7,596			7,596			7,596
Transactions with Group owners in their capacity as owners	157,298	(12)	157,151	159			157,298
Balance at Dec. 31, 2021	280,301	590	157,151	12,741	(30)	109,867	280,319	(18)
Comprehensive Income for the period
Profit of the year	108,697					108,683	108,683	14
Exchange difference on translation on foreign operations	20				(1,418)	1,443	25	(5)
Total comprehensive income for the year	108,717				(1,418)	110,126	108,708	9
Transactions with Group owners in their capacity as owners
Share-options exercise	3,939	2	9,177	(5,240)			3,939
Forfeitures of share-based payment	(896)			(896)			(896)
Share-based payments net of forfeitures	9,580			9,580			9,580
Repurchase of shares	(2,021)		(2,021)				(2,021)
Transactions with Group owners in their capacity as owners	10,602	2	7,156	3,444			10,602
Balance at Dec. 31, 2022	399,620	592	164,307	16,185	(1,448)	219,993	399,629	(9)
Comprehensive Income for the period
Profit of the year	149,086					148,964	148,964	122
Exchange difference on translation on foreign operations	(7,713)				(8,360)	651	(7,709)	(4)
Total comprehensive income for the year	141,373				(8,360)	149,615	141,255	118
Transactions with Group owners in their capacity as owners
Share-options exercise	153		5,051	(4,898)			153
Warrant exercise	1	13	1,622	(1,634)			1
Share-based payments net of forfeitures	11,922			11,922			11,922
Repurchase of shares	(97,929)	(14)	(97,915)				(97,929)
Transactions with Group owners in their capacity as owners	(85,853)	(1)	(91,242)	5,390			(85,853)
Balance at Dec. 31, 2023	$ 455,140	$ 591	$ 73,065	$ 21,575	$ (9,808)	$ 369,608	$ 455,031	$ 109

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2021
Par value change per share	$ 1.1211
Bottom of Range
Par value change per share		$ 1.1211
Top of Range
Par value change per share		$ 1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Profit before income tax	$ 178,514	$ 120,283	$ 85,500
Adjustments:
Interest income from financial instruments	(49,588)	(18,114)	(2,556)
Interest charges for lease liabilities	578	177	142
Other finance expense	5,623	3,851	402
Finance expense related to derivative financial instruments	28,013	17,074
Amortization of Intangible assets	10,816	6,891	3,917
Depreciation of Property, plant and equipment and right-of-use	1,409	1,256	830
Revenue reduction related to prepaid assets		567	200
Share-based payment expense, net of forfeitures	11,922	8,684	7,590
Net exchange differences	82,620	1,877	(19)
Fair value (gain)/loss on financial assets at FVPL	(78,640)	36	16
Other operating gain			(2,896)
Net Impairment (gain)/loss on financial assets	318	(42)	33
Inflation adjustment	9,041
Adjustment for reconcile profit (loss) including profit (loss)	200,626	142,540	93,159
Changes in working capital
Increase in Trade and other receivables	(123,246)	(49,438)	(115,355)
(Increase) / decrease in Other assets	45,007	(56,015)	581
Increase in Trade and Other payables	194,619	130,714	134,295
(Decrease) / Increase in Tax Liabilities	(10,967)	(4,245)	5,309
(Decrease) / Increase in Provisions	(1,111)	(237)	317
Cash from operating activities	304,928	163,319	118,306
Income tax paid	(11,475)	(8,868)	(9,820)
Net cash from operating activities	293,453	154,451	108,486
Cash flows from investing activities
Net acquisitions of Property, plant and equipment	(965)	(987)	(1,949)
Additions of Intangible assets	(17,260)	(11,365)	(46,068)
Acquisitions of financial asset at FVPL	(117,517)
Net (acquisitions)/collections of financial assets at FVPL	1,487	(327)	7,520
Interest collected from financial instruments	49,588	17,649	2,556
Contingent Consideration Liability Paid		(665)
Net cash provided by / (used in) investing activities	(84,667)	4,305	(37,941)
Cash flows from financing activities
Proceeds from issuance of shares			63,177
Proceeds from initial public offering			87,088
Repurchase of shares	(97,929)	(2,021)
Initial public offering expenses paid			(638)
Share-options exercise paid	153	3,939	81
Proceeds from borrowings		14,782	5,000
Repayments of borrowings		(19,967)
Interest payments on borrowings		(1,600)
Interest payments on lease liability	(578)	(177)	(142)
Principal payments on lease liability	(1,103)	(386)	(430)
Finance expense paid related to derivative financial instruments	(28,443)	(19,646)
Other finance expense paid	(5,971)	(2,251)	(388)
Net cash (used in) / provided by financing activities	(133,871)	(27,327)	153,748
Net increase in cash flow	74,915	131,429	224,293
Cash and cash equivalents at the beginning of the year	468,092	336,197	111,733
Effects of exchange rate changes on cash and cash equivalents	(6,847)	466	171
Cash and cash equivalents at the end of the year	$ 536,160	$ 468,092	$ 336,197

General Information and Reorgan

General Information and Reorganization	12 Months Ended
	Dec. 31, 2023
General Information And Reorganization [Line Items]
General Information and Reorganization	1. General information, Reorganization and Significant Events of the year 1.1 General information DLocal Limited (“dLocal” or the “Company”) was established on October 5, 2016 as a limited liability holding company in Malta (together with its subsidiaries as the “Group”.) On April 14, 2021, the Group was reorganized under dLocal and domiciled and incorporated in the Cayman Islands . The Company holds a controlling financial interest in the Group. The Group processes payment transactions, enabling merchants located in developed economies (mainly United States, Europe and China) to receive payments (“pay-ins”) from customers in emerging markets, and to facilitate payments (“pay-outs”) to customers in emerging markets. As of the date these Consolidated Financial Statements were issued, the Group continued its focus on geographic expansion, increasing the total number of in-network countries. The Group processes local payments in emerging markets through its network of acquirers and payments processors. Through its partnership with financial institutions, the Group expatriates/repatriates funds to/from developed economies where the merchant customers elect settlement in their preferred currency (mainly U.S. Dollar and Euro). These consolidated financial statements include dLocal’s subsidiaries and details of the structure are included under Note 4. The Group is licensed and regulated in the EU as an Electronic Money Issuer, or EMI, and Payment Institution, or PI, and registered as a Money Service Business with the Financial Crimes Enforcement Network of the U.S. Department of the Treasury, or FinCEN, and operates and may be licensed, as applicable, in many countries in emerging markets, primarily in the Americas, Asia and Africa. In addition, the Group is subject to laws aimed at preventing money laundering, corruption and the financing of terrorism. This regulatory landscape is constantly changing, including as a consequence of the implementation of the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843, “MLD5”) and the proposed amendments to the MLD4, often referred to as the fourth Anti-Money Laundering Directive. These Consolidated Financial Statements as of December 31, 2023, were approved by dLocal’s Board of Directors on March18, 2024. 1.2 Reorganization On April 14, 2021 , in a series of transactions as further described below, the owners of dLocal Group Limited completed the contribution of 100 % of their respective interests in dLocal Group Limited, with par value 1.1211 U.S. Dollars per share, on a pro rata basis to a newly formed entity, dLocal, in exchange for 100% of the common shares of dLocal, with par value 1 U.S. Dollars per share with no additional consideration, defined as the “Reorganization”. The purpose of the Reorganization was to facilitate the initial public offering of the Group. dLocal had no prior assets, holdings or operations. In connection with the Reorganization, the Group amended its existing employee share incentive plan, the “2020 Global Share Incentive Plan”. In this context, all obligations of dLocal Group Limited under this plan (including award agreements issued thereunder) have been transferred to dLocal, and options to purchase common shares of dLocal Group Limited have been converted into options to purchase common shares of dLocal. The conversion was based on a ratio intended to maintain in all material respects the same, and in no event greater, economic benefit to optionees as provided under the plans in effect prior to the Reorganization. Additionally, the written resolution of dLocal’s shareholders dated May 19, 2021 and effective June 2, 2021, approved a 500-for-1 stock split of dLocal’s common shares, whereby every share of capital stock of dLocal was converted into 500 shares, changing the par value of dLocal’s common shares from 1 U.S. Dollars to 0.002 U.S. Dollars. Therefore, dLocal increased total shares outstanding from 577,008 shares to 288,504,000 shares. Consequently the 2020 Global Share Incentive Plan was also amended to reflect such change in the par value of the common shares. References made to outstanding shares and per share amounts in the accompanying financial statements and applicable disclosures have been retroactively adjusted to reflect this stock split. The Reorganization was limited to entities which were all under the control of the same shareholder group and was implemented to facilitate the IPO, it did not qualify as a business combination under common control; rather, it was a Reorganization of the capital of dLocal Group Limited, the existing organization. Therefore, all financial and other information herein relating to December 2020 are presented using the historical values from the consolidated financial statements of dLocal Group Limited. However, the issued share capital reflects that of dLocal as of the Reorganization date. 1.3 Significant events during the year a) Class action lawsuits On February 23 and February 28, 2023, respectively, we were named, along with several of our senior executives and/or directors, as defendants in certain putative class action lawsuits filed in the Supreme Court of the State of New York, New York County, asserting claims under Sections 11, 12, and 15 of the Securities Act of 1933, based in significant part on the short-seller report. These matters, Zappia et al. v. DLocal Limited et al., Index No. 151778/2023 (Sup. Ct. N.Y. Cty.), and Hunt et al. v. DLocal Limited et al., Index No. 651058/2023 (Sup. Ct. N.Y. Cty.), or the Zappia and Hunt actions, allege, among other things, that the registration statement for our June 2021 initial public offering reflected certain material misstatements or omissions. On March 3, 2023, plaintiffs in the two Actions filed a stipulation and proposed order consolidating the cases and appointing putative lead counsel. The parties also agreed to a schedule for plaintiffs’ filing of an amended complaint and a subsequent briefing schedule for a motion to dismiss the amended complaint. On May 12, 2023, plaintiffs in the Zappia and Hunt actions jointly filed a consolidated amended complaint. On July 11, 2023, we filed a motion to dismiss the complaint. Plaintiffs filed their opposition brief on August 15, 2023, and we also filed the reply in further support of our motion to dismiss on September 22, 2023. Our motion to dismiss is now fully briefed, and, on December 7, 2023, the court scheduled oral argument on the motion for February 29, 2024. No other proceedings are currently ongoing or scheduled. On October 6, 2023, we were named as a defendant, along with our former co-CEO, Sebastián Kanovich, and CFO, Diego Cabrera Canay, in a new putative class action lawsuit filed in the U.S. District Court for the Eastern District of New York, asserting claims under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and SEC Rule 10b-5, as well as control person claims against the individual defendants under Section 20(a) of the Exchange Act. This lawsuit, Francis v. dLocal Ltd., et al., 1:23-cv-07501 (E.D.N.Y.), alleges misstatements and omissions in various public filings during the period of May 2, 2022 to May 25, 2023 relating to regulatory foreign exchange control risks in Argentina, and our compliance controls and procedures. On January 4, 2024, the court appointed a putative lead plaintiff and putative lead counsel for the proposed class in the Francis action pursuant to the Private Securities Litigation Reform Act of 1995. On January 17, 2024, the parties submitted a joint stipulation and proposed order on scheduling, by which the deadline for any amended complaint would be March 4, 2024 and we would have until thirty days after the filing of any such amended complaint to answer the same or request a pre-motion conference, as required by court rules, regarding an anticipated motion to dismiss. The court approved the parties’ proposed order the following day. Due to the preliminary posture of the above described lawsuits as of the date of issuance of these Audit Consolidated Financial Statements, the Management and its legal advisors are unable to evaluate the likelihood of an adverse outcome or estimate a range of potential losses and no provision for contingencies have been recorded for the aforementioned matters. DLocal Limited intends to defend itself vigorously in these actions. As of the date of issuance of the Company’s financial statements there were no further updates in this regard. b) Developments in Argentina Argentina is subject to extensive foreign exchange regulations which were revised as recently as December 2023. We consult regularly with our legal advisors in Argentina on the applicability of such foreign exchange regulations to our operations. In addition, during 2023 certain administrative and judicial inquiries were initiated against our Argentinian subsidiary, dLocal Argentina S.A. These inquiries do not seek financial penalties at this stage. We and our legal advisors consider our activities to be carried out in compliance with applicable laws and regulations, including compliance with foreign exchange market and tax regulations. As of the date of this filling, no provision for contingencies has been recorded for the aforementioned matters. Based on consultations with our legal advisors, we believe we conduct our operations in compliance with applicable laws and regulations, including applicable foreign exchange and tax regulations. In June 2023, we announced that given the magnitude of our business in Argentina, we intended to show additional economic commitment with our plan to hire approximately 100 people over the next year and 300 people in the medium-term and to make an aggregate investment over time of up to US$ 100 million in Argentina, including through locally issued Argentinian federal government bonds linked to the US Dollar that may be used locally to fulfill operating expenses and local investments according to our strategy. On June 16, 2023, we acquired with our own funds 48,540,361 bonds issued by the Treasury department of Argentina through a public bidding process. On July 31, 2023, we also made a second purchase of bonds issued by the Treasury department of Argentina through a public bidding process, for a total of 47,607,033 bonds. See note 15 Financial Assets at Fair Value through profit or loss or our Audited Consolidated Financial Statements, included elsewhere in this Annual Report.

Presentation and Preparation of

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies	12 Months Ended
	Dec. 31, 2023
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies	2. Presentation and preparation of the Consolidated Financial Statements and material accounting policies 2.1. Basis of preparation These Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards (“IFRS”) and interpretations issued by the IFRS Interpretations Committee (“IFRS I C”) applicable to companies reporting under IFRS, and comply with IFRS as issued by the International Accounting Standards Board (“IASB”). The Consolidated Financial Statements are presented in thousands of U.S. Dollars, except for share data or as otherwise indicated, which is the functional currency of DLocal Limited. The Consolidated Financial Statements have been prepared on a historical cost basis, except for certain financial assets measured at fair value as explained in Note 2.5: Financial instruments-initial recognition and measurement, and for Financial Statements of the Group’s operations in Argentina, which were adjusted to reflect the hyperinflationary nature of Argentina’s economic as detailed in Note 2.3: Foreign currencies. The preparation of these Consolidated Financial Statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying dLocal’s accounting policies. Areas involving a higher degree of judgment or complexity, or where assumptions and estimates are significant to the Consolidated Financial Statements, are disclosed in Note 3: Accounting estimates and judgments. 2.2. Basis of consolidation The consolidated financial statements comprise the consolidated financial position of the Group as of December 31, 2023 and 2022 and the consolidated statements of income and comprehensive income, consolidated statements of cash flows and consolidated statements of changes in equity for each of the years ended December 31, 2023, 2022 and 2021. Subsidiaries The Group consolidates all entities in which it holds a controlling financial interest. Control is achieved when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Inter-company transactions, balances, income and expenses on transactions between Group companies are eliminated. Entities over which dLocal holds a controlling financial interest are referred to as subsidiaries. Subsidiaries are fully consolidated from the date dLocal obtains its controlling financial interest and are deconsolidated when dLocal loses control over the subsidiary. Subsidiaries included in the consolidated Group accounts are described in Note 4: Consolidation of subsidiaries. Changes in the ownership interest of a subsidiary where the Group maintains control are accounted for within shareholders’ equity. 2.3. Foreign currencies i) Functional and presentation currency Items included in the Financial Statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The Consolidated Financial Statements are presented in U.S. Dollar, which is dLocal’s functional and presentation currency. ii) Transactions and balances Foreign currency transactions are translated into dLocal’s functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates, are generally recognized in profit or loss. The Group has adopted a policy to present gains and losses stemming from foreign exchange transactions within various financial statement line items based on the nature of the item that generated the exchange difference. For example, gains or losses stemming from trade payables and pay-in and pay-out transactions are recognized within Cost of Services, whereas exchange differences arising from loans, including intra-group loans, are presented within Finance costs. This policy is applied consistently each reporting period. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss. For example, translation differences on non-monetary assets and liabilities such as equities held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss, and translation differences on non-monetary assets such as equities classified as at fair value through other comprehensive income are recognized in other comprehensive income. Foreign exchange gains and losses resulting from the measurement at period end exchange rates of monetary assets denominated in foreign currencies and measured at fair value through other comprehensive income are recognized in the Consolidated Statement of Comprehensive Income. iii) Argentina operations The Group has operations in Argentina, which has experienced economic volatility amidst deteriorating economic conditions, a devaluation of its currency, the Argentinian Peso, high interest rates, a high level of inflation and a large public deficit. Together, these factors have led Argentina to request financial assistance from the International Monetary Fund. The Group applied IAS 29 “Financial Reporting in Hyperinflationary Economies” (“ IAS 29”) to its operations in Argentina. IAS 29 requires that financial statements of entities whose functional currency is undergoing hyperinflation to be adjusted for the effects of changes in the general price index. This adjustment is expressed in terms of the current unit of measurement at the closing date of the reporting period. To determine whether an economy meets IAS 29’s definition of hyperinflationary, a series of factors must be considered, including whether the cumulative inflation rate for the most recent three-year period approximates or exceeds 100 %. IAS 29 requires adjustments to non-monetary items in the Statement of Financial Position through application of a general price index from the items’ initial recognition date through the end of the reporting period. Additionally, all items in the statement of comprehensive income are expressed in terms of the measuring unit current at the end of the reporting period. The inflation adjustment was calculated by means of a conversion factor derived from the Argentine price indexes published by the Argentine Federation of Professional Councils of Economic Sciences National Institute of Statistics (“FACPCE”). The price index for the year ended December 31, 2023 , was 3.1 ( 1.9 and 1.5 for the years ended December 31, 2022 and 2021, respectively). The Group’s Argentinian results of operations were translated into U.S. Dollars at the applicable closing exchange rate after adjusting for inflation. iv) Group companies The results and financial position of foreign operations of non-hyperinflationary economies with a functional currency that differs from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each item presented on the statement of financial position are translated at the closing rate as of the end of the reporting period; • Income and expenses are translated at average exchange rates; and • All resulting exchange differences are recognized in other comprehensive income. The results and financial position of foreign operations whose functional currency is the currency of a hyperinflationary economy are translated into the presentation currency as follows: • All amounts (i.e., assets, liabilities, equity items, income and expenses) are translated at the closing rate at the date of the most recent statement of financial position. On consolidation, exchange differences arising from the translation of foreign entities are recognized in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid, the associated exchange differences are reclassified to profit or loss as part of the gain or loss on sale. The following table reflects the exchange rates of the currencies used by the Group compared to the USD during the twelve months ended December 31, 2023 and 2022: Average rate Year-end spot rate 2023 2022 Dec 31, 2023 Dec 31, 2022 Argentina (ARS/USD) 633.6 132.1 808.5 176.7 Brazil (BRL/USD) 4.9 5.2 4.9 5.3 Chile (CLP/USD) 875.8 872.3 879.0 851.1 Colombia (COP/USD) 3,939.9 4,273.1 3,854.9 4,852.5 Costa Rica (CRC/USD) 526.7 642.7 523.0 593.2 Dominican Republic (DOP/USD) 57.4 55.0 58.1 56.2 Ecuador (USD/USD) 1.0 1.0 1.0 1.0 Egypt (EGP/USD) 30.9 19.3 30.9 24.7 Guatemala (GTQ/USD) 7.8 7.8 7.8 7.8 India (IRN/USD) 83.2 78.8 83.2 82.7 Indonesia (IDR/USD) 15,494.5 14,880.2 15,397.0 15,568.0 Israel (NIS/USD) 3.7 3.4 3.6 3.5 Malaysia (MYR/USD) 4.7 4.5 4.6 4.4 Malta (EUR/USD) 1.1 0.9 1.1 0.9 Mexico (MXN/USD) 17.2 20.1 17.0 19.5 Morocco (MAD/USD) 10.0 10.2 9.9 10.4 Nigeria (NGN/USD) 844.4 427.2 911.7 460.8 Panama (USD/USD) 1.0 1.0 1.0 1.0 Paraguay (PYG/USD) 7,339.6 7,007.8 7,275.0 7,247.8 Peru (PEN/USD) 3.7 3.8 3.7 3.8 Singapore (SGD/USD) 1.3 1.4 1.3 1.3 South Africa (ZAR/USD) 18.6 16.4 18.4 17.0 Uruguay (UYU/USD) 39.2 41.1 38.9 39.9 2.4. Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks and other short-term, highly liquid financial instruments with original maturities of three months or less. dLocal classifies a financial instrument as a cash equivalent when the following conditions are met: • The financial instrument can be immediately converted into a known amount of cash; • The fair value of the financial instrument approximates its carrying value; and • The financial instrument is subject to an insignificant risk of a valuation change. Cash equivalents are measured at amortized cost and are presented within current assets due to their short-term nature. 2.5. Financial instruments - initial recognition and subsequent measurement i) Financial assets Initial recognition and measurement Financial assets are initially recognized at fair value and subsequently held at amortized cost, fair value through other comprehensive income (“OCI”), or fair value through profit or loss (“FVPL”). Upon initial recognition, financial assets are classified depending on the asset’s contractual cash flow characteristics and the Group’s business model for managing such cash flows. The Group initially measures a financial asset at its fair value, or if a financial asset will not be held at fair value through profit or loss, fair value plus directly attributable transaction costs. Except for trade receivables that do not contain a significant financing component, or financial assets where the Group has applied IFRS 15’s practical expedient, financial assets are generally recognized at fair value plus directly attributable transaction costs and are held at amortized cost . Trade receivables that do not contain a significant financing component or for which the Group has applied IFRS 15’s practical expedient are measured at the transaction price stemming from the customer contract as required by IFRS 15, Revenue from Contracts with Customers. To be classified and measured at amortized cost or fair value through OCI, a financial asset must give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the outstanding principal balance. This assessment is referred to as the SPPI test and is performed on an instrument-by-instrument basis. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the Group’s business model for managing such cash flows. The Group’s business model determines whether financial assets are managed to collect the asset’s contractual cash flows, to be sold, or both. In cases where the Group intends to collect a financial asset’s contractual cash flows, the asset will be recognized and measured, initially and subsequently, at amortized cost. If a financial assets cash flows are held with the objective of collecting the contractual cash flows and/or selling the asset, then the financial asset is initially and subsequently recognized at fair value through OCI. Financial assets as of December 31, 2023 and 2022 include cash and cash equivalents, other assets, trade and other receivables, derivative financial instruments and investments in quoted debt securities. Subsequent measurement Financial assets are subsequently measured based on their classification, which include (i) amortized cost; (ii) fair value through OCI; and (iii) fair value through profit or loss. Cumulative gains and losses may be recycled for debt investments held at fair value through OCI, but not equity investments. Financial assets at amortized cost Financial assets held at amortized cost are subject to impairment testing and subsequently measured using the effective interest method. The Group’s financial assets at amortized cost for 2023 and 2022 include cash and cash equivalents, other assets and trade and other receivables which correspond to uncollateralized gross amounts due from acquirers, processors, merchants and preferred suppliers for services performed . Financial assets at fair value through profit or loss Financial assets held at fair value through profit or loss are initially and subsequently measured at fair value, with gains or losses recognized in profit or loss. This category of financial assets includes equity investments held for trading, debt securities that do not qualify for measurement at amortized cost or fair value through other comprehensive income, and equity investments for which the Company has not elected to recognize remeasurement gains and losses through OCI. The Group’s financial assets at fair value through profit or loss as of December 31, 2023 and 2022 include derivative financial instruments, investment in quoted debt securities and treasury bonds. Financial assets at fair value through OCI The Group did no t hold any financial assets within this category as of December 31, 2023 or 2022. Financial assets designated at fair value through OCI (equity instruments) T he Group did no t hold any financial asset within this category as of December 31, 2023 and 2022. Derecognition A financial asset or, where applicable, a part of a financial asset or part of a group of similar financial assets, is derecognized when: • The rights to receive the asset’s cash flows expire; or • The Group transfers its rights to receive cash flows from the asset or assumes an obligation to pay all cash flows received to a third party under a “pass-through” arrangement; and • The Group (a) transfers virtually all risks and benefits of the asset, or (b) neither transfers nor retains virtually all the risks and benefits of the asset, but transfers control over the asset. When the Group transfers its rights to receive a financial asset’s cash flows but does not transfer or retain substantially all the risks and benefits, the financial asset is recognized to the extent of the Group’s continuing involvement. In such cases, the Group also recognizes an associated liability. In such cases, the transferred financial asset and associated liability is measured in a manner that reflects the Group’s retained rights and obligations. No financial assets and liabilities meeting these conditions were recognized as of December 31, 2023 or 2022. Guarantees over transferred assets represent a form of continuing involvement. Such assets are measured at an amount equal to the lower of the original carrying amount of the financial asset and the maximum amount the Group could be required to pay under the terms of the guarantee. ii) Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss. ECLs are measured based on the difference between the cash flows the Group is contractually entitled to less cash flows that the Group expects to receive, discounted at the instrument’s original effective interest rate. The expected cash flows include cash flows resulting from the sale of collateral held or other credit enhancements integral to the instrument’s contractual terms. The Group applies a simplified approach for trade and other receivables when calculating ECLs. Specifically, the Group recognizes a loss allowance equal to the lifetime ECLs based on the segmentation of trade receivables. The Group uses its historical loss experience, adjusted to reflect current, reasonable and bearable forecasts of future economic conditions, when measuring ECLs. iii) Financial liabilities Initial recognition and measurement Financial liabilities are initially classified at fair value through profit or loss, amortized cost or as derivatives designated as hedging instruments in an effective hedging relationship. Financial liabilities held at amortized cost are initially recognized net of transaction costs that are directly attributable to the issuance of the liability. The Group’s financial liabilities as of December 31, 2023 and 2022 include trade and other payables, lease liabilities, derivative financial instruments, contingent consideration liability and borrowings. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification, as described below: Financial liabilities at fair value through profit or loss Financial liabilities held at fair value through profit or loss include financial liabilities that are held-for-trading or designated to be held at fair value through profit or loss when initially recognized. Financial liabilities are classified as held-for-trading if incurred solely in connection with a near term repurchase a financial asset that has been sold, including derivative financial instruments that are not designated as hedging instruments in hedge relationships. Gains and losses on held-for-trading liabilities are recognized in the statement of comprehensive income. The Group’s financial liabilities at fair value through profit or loss as of December 31, 2023 and 2022 include derivative financial instruments. Financial liabilities at amortized cost Financial liabilities held at amortized cost include interest-bearing borrowings, trade and other payables incurred in exchange for purchased goods or services, and lease liabilities. Financial liabilities related to interest-bearing borrowings are recognized at an amount equal to the net issuance proceeds received less directly attributable issuance costs. Trade and other payables are generally unsecured and due within 30 days. As a result, their book value approximates fair value and such amounts are presented within current liabilities unless due 12 months after the applicable reporting date. Any original issuance discount or premium is amortized through Finance Costs using the Effective Interest Rate (“EIR”) method. If, at settlement, the carrying amount of a financial liability exceeds its carrying amount, a settlement gain or loss equal to this difference is recognized through profit or loss. Derecognition A financial liability is derecognized when the obligation is discharged, cancelled or expires. When an existing financial liability is replaced by another financial liability from the same lender on substantially different terms, or if the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the statement of comprehensive income. iv) Derivative financial instruments Derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The Group operates in several foreign currencies and is exposed to foreign currency risk. From time to time, the Group uses derivative financial instruments, such as delivery and non-deliverable forward currency contracts to hedge or reduce exposure to foreign currency risks. The Group has elected to separate the spot element from the forward element of certain derivative financial instruments and designated as the hedging instrument only the change in the fair value of the spot element. The change in the fair value of the spot element of such derivatives is presented in the Costs of services line item. The change in the fair value of the forward element of such derivatives is presented in the Finance costs line item. For information about derivative financial instruments see Note 24: Derivative financial instruments. v) Fair value of financial instruments The Group measures financial assets held at fair value through profit or loss at fair value as of each reporting date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: • In the principal market for the asset or liability; or • In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 - quoted (unadjusted) prices in active markets for identical assets or liabilities; • Level 2 - inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 - techniques using inputs that have a significant effect on the recorded fair value that are not based on observable market data. The Group uses observable market data to the extent possible. For assets and liabilities that are recognized at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the fair value hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. vi) Financial instruments-offsetting Financial assets and liabilities are presented net in the consolidated statement of financial position if, and only if, there is an existing and enforceable legal right to offset the amounts recognized and an intention to offset or to realize the asset and settle the liability simultaneously. The Group presents trade payables to merchants net of trade receivables from fees and trade receivables from processing entities net of fees considering that there is an enforceable legal right to offset and the Group expects to cancel such obligations on a net basis. For further detail refer to Note 27: Offsetting financial assets and financial liabilities. 2.6. Current and deferred income tax Current and deferred income tax are recognized in profit or loss except to the extent that it relates to items recognized directly in equity or in other comprehensive income. Current income tax Tax assets and liabilities for the current year are calculated based on the expected recoverable amount or the amount payable to the tax authorities on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date in the countries where dLocal operates and generates taxable income. Current income tax related to items recognized directly in equity are recognized in equity. dLocal periodically evaluates the tax positions involving interpretation of tax regulations and establishes provisions when appropriate. The Group offsets current tax assets and current tax liabilities against the same tax authority when it has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred income tax Deferred income tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred income tax assets and liabilities are recognized for all temporary taxable differences, except in the following situations: • Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and • Temporary differences relating to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. Deferred income tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date and tax loss carryforwards, to the extent that it is probable that taxable profit will be available against which they can be offset. The carrying amount of deferred income tax assets is reviewed at each reporting date to assess whether it is probable that sufficient taxable profit will be available to allow all or part of the deferred tax assets to be utilized. Unrecognized deferred tax assets are reassessed, at each reporting date, and are recognized to the extent that it has become probable that future taxable profits will be available to allow their utilization. 2.7. Property, plant and equipment Property, plant and equipment (“PP&E) are stated at historical cost, net of accumulated depreciation and impairment losses, if any, unless pertaining to the Group‘s Argentine operations which have been adjusted pursuant to IAS 29 as detailed in Note 2.3: Foreign currencies. Historical cost includes material expenditures that can be measured reliably and are directly attributable to the acquisition of the property, plant or equipment. Repairs, maintenance and all other expenditures are charged to profit or loss during the period in which they are incurred. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, when it is probable that future economic benefits associated with these costs will be realized by dLocal and such benefits can be reliably measured. All other repair and maintenance expense is charged to the statement of comprehensive income during the year in which they are incurred. Residual values and useful lives are reviewed at the end of each reporting period and adjusted on a prospective basis, if appropriate. Depreciation is calculated on a straight-line basis over the estimated useful lives of the asset as follows: Computer Equipment 3 year s Building Improvements 10 years An item of property, plant and equipment is derecognized upon disposition or when future economic benefits are expected from its use or disposal . Any gain or loss on disposal (calculated as the difference between the net disposal proceeds with the carrying amount of the asset) is recognized within “Other results” in the statement of comprehensive income when an asset is derecognized. An asset’s carrying amount is immediately written down to its recoverable amount when the asset’s carrying amount is greater than its estimated recoverable amount. For further information see Note 2.9: Impairment of non-financial assets. 2.8. Intangible assets Acquired intangible assets are initially recognized at cost and subsequently amortized on a straight-line basis over their useful economic lives, generally up to three years . The Group’s business relies heavily on digital products and services used to facilitate commercial relationships between international merchants and their emerging market customers. dLocal is constantly developing future product releases, enhancements and upgrades to existing software, as well as maintenance-oriented updates. Internal costs incurred to develop software for which a future economic benefit is likely to arise are capitalized and amortized over their useful life. Software maintenance costs are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of the Group’s identifiable and unique software products are recognized as an intangible asset. Costs that are directly attributable to internally developed software are capitalized and recognized as part of the intangible asset, which principally includes salaries and wages of Group software engineers and third-party professional service costs. The Group limits its capitalization of costs to the software or product’s development phase if it can demonstrate the following: • The technological feasibility of completing the intangible asset so that it will be available for use or sale; • The intention to complete the intangible asset and use or sell it; • The ability to use or sell the intangible asset; • How the intangible asset will generate probable future economic benefits; • The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; • The ability to measure reliably the expenditure attributable to the intangible asset during its development. Development costs that do not meet these capitalization criteria are expensed as incurred. Capitalized developed software intangible assets are amortized on a straight-line basis over the asset’s remaining useful life. Amortization cost is presented within “Cost of services” or “General and administrative” cost in the Statement of Comprehensive Income, depending on the nature of the capitalized cost. The remaining useful life of each asset is evaluated at the end of each reporting period or when facts and circumstances warrant an interim re-assessment. The Group believes the remaining useful lives are reasonable in light of the future usage of the assets. 2.9. Impairment of non-financial assets A non-financial asset’s ability to generate future economic benefits is considered when assessing whether the asset is impaired. Specifically, the Group considers the future economic benefits from making its service attractive for new or existing merchants in addition to benefits arising from the reduction of costs through the elimination of unnecessary activities. An assessment is made at each reporting date to determine whether there is an indication that an asset may be impaired, or to determine whether previously recognized impairment losses are recoverable. If any indication of an impairment exists, the Group estimates the asset’s recoverable amount. The recoverable amount is determined for an individual asset unless the asset does not generate cash inflows that are largely independent of cash flows generated from other assets or groups of assets. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. 2.10. Provisions Provisions are recognized when the Group has a present legal or constructive obligation resulting from past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated. Provisions are not recognized for future operating losses. Where there are a numbe

Accounting Estimates and Judgme

Accounting Estimates and Judgments	12 Months Ended
	Dec. 31, 2023
Disclosure of changes in accounting estimates [abstract]
Accounting estimates and judgments	3. Accounting estimates and judgments The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. Management also needs to exercise judgment in applying the group’s accounting policies. This note provides an overview of the areas that involved a higher degree of judgment or complexity, and of items which are more likely to be materially adjusted due to estimates and assumptions turning out to be wrong. Detailed information about each of these estimates and judgments is included in other notes together with information about the basis of calculation for each affected line item in the financial statements. 3.1. Provisions Where applicable, the Group recognizes a provision for contingent claims related to labor matters. Such provisions include an assessment of the probability that a past event has given rise to a present obligation, as well as an analysis of labor lawsuits and claims, including available evidence and jurisprudence, the hierarchy of laws and recent court decisions. The Group applies its professional judgment while considering the opinion of its legal advisors. Provisions are reviewed and adjusted to consider changes in circumstances such as the applicable limitation period, inspection findings and additional exposures identified based on new issues or court decisions. 3.2. Share-based payment transactions Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model. Which depends on the terms and conditions of the grant. The estimate also requires determination of the most appropriate inputs to the valuation model, including the expected life of share option or appreciation right. Making estimates requires management to exercise significant judgment. It is a least reasonably possible that the estimate of the effect of a condition. Situation or set of circumstances that existed at the date of the consolidated financials statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. For more information see note 29.

Consolidation of Subsidiaries

Consolidation of Subsidiaries	12 Months Ended
	Dec. 31, 2023
Disclosure Of Consolidation Of Subsidiaries [Line Items]
Consolidation of Subsidiaries	4. Consolidation of subsidiaries DLocal Limited is the Group parent and acts as a holding company for all subsidiaries whose main activity is cross-border and local payments, enabling international merchants to access end customers in emerging markets. Its principal sources of revenue include dividends from subsidiaries and profit sharing payments from subsidiary partnerships. The Consolidated Financial Statements of the Group include the following subsidiaries, each of which serves a different vertical or a provides a specific service according to the needs of the Group: % of equity interest held by Dlocal Entity name Country of incorporation Principal activities 2023 2022 Dlocal Group Limited Malta Holding Company 100 % 100 % Dlocal Limited Malta Payments provider 99.999 % 99.999 % Dlocal Markets Limited Malta Holding Company 100 % 100 % Dlocal Hold Ops Limited Cayman Islands Holding Company 100 % (3) 100 % Dlocal LLP United Kingdom Payments provider 99.999 % 99.990 % Dlocal Corp LLP United Kingdom Payments provider 99.99 % 99.99 % Dlocal OpCo UK LTD United Kingdom Payments provider 100 % (3) 100 % Dlocal Inc. United States of America Holding Company - (4) 100 % Dlocal Technologies S.A. Uruguay Service provider 100 % 100 % Dlocal Uruguay S.A. Uruguay Collection entity 100 % 100 % Dlocal PTE Limited Singapore Holding Company 100 % 100 % Dlocal Argentina S.A. Argentina Collection entity 100 % 100 % Demerge Arg. S.A. Argentina Service provider 100 % 100 % Dlocal Services Arg S.A. Argentina Service provider 100 % 100 % Demerge Services Arg S.A. Argentina Service provider 100 % (3) 100 % DLocal Bangladesh Limited Bangladesh Collection entity 100 % 100 % Demerge Bolivia S.R.L. Bolivia Collection entity 97 % (3) 100 % Dlocal Brasil Holding Financeira Brazil Holding Company 100 % 100 % Dlocal Brasil Instituição de Pagamento S.A. Brazil Collection entity 100 % 100 % Demerge Brasil Facilitadora de Pagamentos Ltda. Brazil Collection entity 100 % 100 % Webpay Brasil Pagamentos Ltda. Brazil Collection entity 100 % (3) 100 % Demerge Cameroun SARL Cameroon Collection entity 100 % (3) 100 % Dlocal Chile SPA Chile Collection entity 100 % 100 % Demerge Chile SPA Chile Collection entity 100 % 100 % Pagos y Servicios Limitada Chile Collection entity 99 % 99 % FCA Chile 2 Spa Chile Collection entity 100 % (3) 100 % Dlocal Colombia S.A.S. Colombia Collection entity 100 % 100 % Demerge Colombia S.A.S. Colombia Collection entity 100 % 100 % Kupa Colombia S.A.S. Colombia Collection entity 100 % (3) 100 % Dlocal Costa Rica SRL Costa Rica Collection entity 100 % (3) 100 % Demerege Ecuador S.A. (1) Ecuador Collection entity 100 % 100 % Dlocal Egypt LLC Egypt Collection entity 100 % 100 % Dlocal El Salvador S.A de C.V. El Salvador Collection entity 99.95 % (3) 100 % dLocal Ghana Limited Company Ghana Collection entity 100 % (3) 100 % Demerge Guatemala S.A. Guatemala Collection entity 99.94 % (3) 100 % Dlocal Honduras S.A. Honduras Collection entity 100 % (3) 100 % Depansum Solutions Private Limited India Collection entity 99 % 99 % Dlocal India Pvt Limited India Collection entity 99.99 % 99.99 % Guisol Solutions Private Limited India Collection entity 100 % (3) 100 % PT Dlocal Solutions Indonesia Indonesia Collection entity 99 % 100 % Dlocal Israel Limited Israel Service provider 100 % 100 % Dlocal SARL Ivory Coast Collection entity 100 % (3) 100 % Demerge Japan Ltd Japan Collection entity 100 % (3) 66.6 % Dlocal Payments Kenya Limited Kenya Collection entity 90 % (3) 100 % Depansum Malaysia SDN. BHD. Malaysia Collection entity 95 % (3) 100.0 % Demerge Mexico S.A. de C.V. Mexico Collection entity 99.99 % 99.999 % Dlocal Mexico S.A. DE C.V. Mexico Collection entity 99.99 % 99.999 % Dlocal Technologies Mexico S.A. DE C.V. Mexico Service provider 99.99 % 100 % DLocal Morocco SARL AU Morocco Collection entity 100 % 100 % Demerge Nigeria Limited Nigeria Collection entity 100 % 100 % Dlocal Panama S.A. Panama Collection entity 100 % 100 % Dlocal Paraguay S.A. Paraguay Collection entity 100 % 100 % Demerge Peru S.A.C. Peru Collection entity 99 % 99 % Depansum Perú S.A.C Peru Collection entity 100 % (3) 100 % Dlocal Payments Philippines Incorporated Philippines Collection entity 100 % (3) 100 % Demerge República Dominicana SAS Dominican Republic Collection entity 99.99 % 99.99 % Dlocal Rwanda Ltd. Rwanda Collection entity 100 % (3) 100 % Depansum PTY Limited South Africa Collection entity 100 % 100 % DLP South Africa PTY Ltd. South Africa Collection entity 100 % (3) 100 % Dlocal Tanzania LTD Tanzania Collection entity 99 % (3) 100 % Demerge (Thailand) Co. LTD (2) Thailand Collection entity 49 % (3) 49 % Dlocal Uganda LTD Uganda Collection entity 100 % (3) 100 % Dlocal Payment Services L.L.C. United Arab Emirates Collection entity 100 % (3) 100 % Dlocal US LLC United States of America Service provider 100 % (3) 100 % Dlocal Holding Uruguay S.A. (Formerly CILFUR S.A.) Uruguay Service provider 100 % (3) 100 % DEMERGE URUGUAY S.A. (Formerly 'Maubek S.A.') Uruguay Service provider 100 % (3) 100 % DLOCAL SERVICES URUGUAY S.A. (Formerly 'Harpot S.A.') Uruguay Collection entity 100 % (3) 100 % Dlocal Vietnam Company Limited Vietnam Collection entity 100 % (3) 100 % Depansum Arg S.A. Argentina Collection entity 99 % (5) - Demerge España SL Spain Collection entity 100 % (5) - Demerge Senegal SAURL Senegal Collection entity 100 % (5) - PT Dlocal Services Gateway (Indonesia) Indonesia Collection entity 85 % (5) - PT Dlocal Payment Solutions (Indonesia) Indonesia Collection entity 85 % (5) - Depansum Limited (Kenya) Kenya Collection entity 99 % (5) - Dlocal Developments Arg S.A. Argentina Collection entity 95 % (5) - Dlocal Payments Private Limited (India) India Collection entity 99 % (5) - Dlocal Nigeria Limited Nigeria Collection entity 99.99 % (5) - Kupa IMTO Nigeria Limited Nigeria Collection entity 99.99 % (5) - Delocal Al-Arabia Co. (Saudi Arabia) Saudi Arabia Collection entity 100 % (5) - (1) Although dLocal was the owner of 0.15 % of Demerege Ecuador S.A., the Group controls its operations according to the guidelines in IFRS 10. On July 1, 2022, dLocal acquired the remaining 99.85 % of the subsidiary. (2) Although dLocal is the owner of 49 % of Demerge (Thailand) Co. LTD, the Group controls its operations and has de facto control according to the guidelines in IFRS 10. (3) The Group has determined that the acquisition or incorporation of these subsidiaries during 2022 does not constitute a business according to IFRS 3. A business is defined in IFRS 3 as “an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income (such as dividends or interest) or generating other income from ordinary activities”. (4) DLocal Inc. was liquidated on July, 2023. (5) New subsidiaries incorporated during 2023.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2023
Disclosure Of Operating Segments [Line Items]
Segment reporting	5. Segment reporting The Group operates as a single operating segment, “payment processing”. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”) who is the Group’s Executive Officer (“Executive Team”) represented by executive officers and directors holders of ordinary shares of the immediate parent of the Company. The Group has determined that its Executive Team is the chief operating decision maker as they determine the allocation of resources and assess performance. The Executive Team evaluates the Group’s financial information and resources, and assess the financial performance of these resources based on consolidated Revenues, Adjusted EBITDA and Adjusted EBITDA margin as further described below. Adjusted EBITDA and Adjusted EBITDA Margin The Executive Team assesses the financial performance of the Group’s sole segment by Revenues, Adjusted EBITDA and Adjusted EBITDA Margin. Adjusted EBITDA is defined as the consolidated profit from operations before financing and taxation for the applicable reporting period before depreciation of PP&E, amortization of right-of-use assets and intangible assets. It also excludes adjustments applied to subsidiaries operating in hyperinflationary environments, other operating gain/loss, impairment gain/loss on financial assets, secondary offering expenses, transaction costs, other non-recurring costs and share-based payment non-cash charges. The Group defines Adjusted EBITDA Margin as the Adjusted EBITDA divided by consolidated Revenues. The Group reconciles its Adjusted EBITDA and Adjusted EBITDA Margin to profit for the year as presented in the Consolidated Statement of Comprehensive Income as follows: Note December 31, 2023 December 31, 2022 December 31, 2021 Profit for the year (i) 149,086 108,697 77,853 Income tax expense 12 29,428 11,586 7,647 Inflation adjustment 11 12,537 1,037 334 Finance income 11 ( 128,228 ) ( 18,078 ) ( 2,540 ) Finance costs 11 116,834 24,668 544 Other operating loss / (gain) — 697 ( 2,896 ) Impairment (gain) / loss on financial assets (ii) 16, 17 ( 3,136 ) 5,534 33 Depreciation and amortization 10 12,225 8,147 4,747 Secondary offering expenses (iii) — 89 5,158 Transaction costs (iv) — — 687 Other non-recurring costs (v) 8 1,663 2,014 — Share-based payment non-cash charges, net of forfeitures 13 11,922 8,684 7,590 Adjusted EBITDA 202,331 153,075 99,157 Revenues 6 650,351 418,925 244,120 Adjusted EBITDA 202,331 153,075 99,157 Adjusted EBITDA Margin 31.1 % 36.5 % 40.6 % Profit Margin 22.9 % 25.9 % 31.9 % (i) Includes a net gain of USD 17,433 re lated to the effective portion of foreign currency hedge, which has been presented on a net basis against a foreign exchange loss of USD 17,656 (together with a net foreign exchange loss of USD 223 in cluded in Cost of Services). For further information refer to Notes 6(c)i, Note 11 (ii) and Note 24 Derivative financial instruments. (ii) USD 3,454 c orresponds to a recovery on deposits in FTX Trading Ltd. as compared to a provision of USD 5,576 in 2022 for expected loss of amounts on deposit in FTX Trading Ltd. (see note 17.ii). (iii) Corresponds to expenses incurred by dLocal in relation to a secondary offering of its shares occurred in 2021. (iv) Corresponds to costs related to the acquisition of PrimeiroPay in 2021. (v) Other non-recurring costs related to an internal review of the allegations made by a short-seller report and class action expense, which include fees from independent counsel, independent global expert services and a forensic accounting advisory firm were included. The Group’s revenue, results and assets for this one reportable segment can be determined by reference to the consolidated statement of income and of comprehensive income and consolidated balance sheet. Disaggregated information is only reviewed at the revenue level with no corresponding detail at any margin or profitability levels. As required by IFRS 8: Operating Segments, below are presented applicable entity-wide disclosures related to dLocal’s revenues. Disaggregated Revenue by region The Group derives its revenues from operations across 40 countries where its merchant customers operate. The following table presents the Group’s revenue by region where the payments from/to the merchant customers in certain regions represented at least 10 % of Total Revenues during the preceding four quarters: 2023 YoY% 2022 YoY% 2021 LatAm 492,681 42.7 % 345,360 54.5 % 223,602 Brazil 158,997 89.2 % 84,025 40.8 % 59,698 Argentina 75,128 - 3.2 % 77,577 54.6 % 50,165 Mexico 116,835 71.8 % 68,000 103.7 % 33,376 Chile 55,666 6.1 % 52,464 43.7 % 36,497 Other countries 86,055 36.0 % 63,294 44.3 % 43,866 Non-LatAm 157,670 114.3 % 73,565 258.5 % 20,518 Nigeria 83,969 148.4 % 33,805 1762.5 % 1,815 Other countries 73,701 85.4 % 39,760 112.6 % 18,703 Total 650,351 55.2 % 418,925 71.6 % 244,120 1. During the years ended December 31, 2023, 2022 and 2021 , the Group had no revenues from customers domiciled in the Cayman Islands . Revenue with large customers During the year ended December 31, 2023 and 2022 the Group served more than 600 merchants. During the year ended December 31, 2023, the Group’s revenue from its top 10 merchants represented 60 % of its total revenue ( 50 % and 56 % of revenue in the years ended December 31, 2022 and 2021, respectively). In 2023 one single merchant customer ( none in 2022 and one in 2021) individually accounted for more than 10% of the Group’s total revenue. Non current assets by country The Company does not have any non-current assets located in the Cayman Islands.

Revenues and Cost of Services

Revenues and Cost of Services	12 Months Ended
	Dec. 31, 2023
Disclosure of Revenues and Cost of Services [Line Items]
Revenues and Cost of Services	6. Revenues and Cost of Services (a) Revenue and Gross profit description dLocal derives revenue by processing payments for international merchants who operate in selected emerging markets. The breakdown of revenue from contracts with customers per type of service is as follows: 2023 2022 2021 Transaction revenues (i) 637,053 415,444 241,814 Other revenues (ii) 13,298 3,481 2,306 Revenues from payment processing (iii) 650,351 418,925 244,120 Cost of services ( 373,492 ) ( 216,758 ) ( 113,677 ) Gross profit 276,859 202,167 130,443 (i) Transaction revenues are comprised of processing fees, foreign exchange fee, installment fee, chargebacks, refunds fee, and other transactional fees. These fees are recognized as revenue at a point in time when a payment transaction, or its reversal in the case of chargeback and refunds, has been processed. (ii) Other revenues are mainly comprised of minor fees, such as initial setup fees, maintenance fees, minimum monthly fees, and small transfer fees. (iii) During the year ended December 31, 2022 revenues included an amortization charge of USD 567 and USD 200 during the year ended December 31, 2021 , related to prepaid assets. There is no amortization charge for the year ended December 31, 2023. (b) Revenue recognized at a point in time and over time Transaction revenues are recognized at a point in time when the payment transaction, or in the case of chargeback and refunds, its reversal, has been processed. Other revenues are recognized as revenue at a point in time when the respective performance obligation is satisfied. The Group did not recognize revenues over time during the year ended December 31, 2023, 2022 and 2021. (c) Cost of services Cost of services are comprised of the following: 2023 2022 2021 Processing costs (i) 356,295 206,223 107,276 Hosting expenses (ii) 6,235 4,331 3,351 Salaries and wages (iii) 2,252 1,411 706 Amortization of intangible assets (iv) 8,710 4,793 2,344 Total 373,492 216,758 113,677 (i) Includes fees financial institutions (e.g., banks, local acquirers or payment methods) charge the Group, typically as percentage of the transaction value, but in certain cases, as a fixed fee in the case of pay-outs in relation to payment processing, cash advances, and installment payments. Such fees vary by financial institution and typically depend on the settlement period contracted with such institution, the payment method used and the type of product (e.g., pay-in or a pay-out). These fees also include conversion and expatriation or repatriation costs charged by banks and brokers. During the year ended December 31, 2023 such fees include USD 223 as a result of a net gain on the effective portion of the hedge of USD 17,433 , which offset foreign exchange losses from the hedged items of USD 17,656 in relation to processed volume between the processing date and date of expatriation or repatriation of the applicable funds (foreign exchange losses of USD 273 and USD 2,100 in 2022 and 2021, respectively). (ii) Expenses related to hosting services for the Group’ s payment platform. (iii) Consist of salaries and wages of the operations department directly involved in the day-to-day operations. For further detail refer to Note 9: Employee Benefits. (iv) Represents the amortization of capitalized internally generated software (i.e., d.Local’ s payment platform). For further detail refer to Note 20: Intangible Assets.

Technology and Development Expe

Technology and Development Expenses	12 Months Ended
	Dec. 31, 2023
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Technology and development expenses	7. Technology and development expenses Technology and development expenses consist of the following: 2023 2022 2021 Salaries and wages (i) 5,805 2,969 1,381 Software licenses (ii) 3,213 1,294 487 Infrastructure expenses (iii) 2,279 1,496 792 Information and technology security expenses (iv) 442 298 176 Other technology expenses 911 291 550 Total 12,650 6,348 3,386 (i) Consists primarily of fulltime equivalents (“FTE”)’ compensation related to product and technology development, excluding capitalized salaries and wages related to internally generated software. For further detail on total salaries and wages refer to Note 9: Employee Benefits. (ii) Consists of software licenses used exclusively by the technology development department for the development of the platform. (iii) Represents information technology costs to support the Group’s infrastructure and back-office operations. (iv) Represents expenses incurred to monitor the security of our network and platform.

Sales and Marketing Expenses an

Sales and Marketing Expenses and General and Administrative Expenses	12 Months Ended
	Dec. 31, 2023
Material income and expense [abstract]
Sales and Marketing Expenses and General and Administrative Expenses	8. Sales and marketing expenses and General and administrative expenses Sales and marketing expenses and General and administrative expense are comprised of the following: Sales and marketing expenses 2023 2022 2021 Salaries and wages (i) 13,344 10,800 5,126 Marketing expenses (ii) 3,776 2,535 790 Total 17,120 13,335 5,916 General and administrative expenses 2023 2022 2021 Salaries and wages (iii) 36,727 24,697 20,827 Third-party services (iv) 18,500 12,431 12,632 Office expenses (v) 4,886 3,106 2,445 Travel and other operating expenses 6,940 4,755 2,330 Amortization and depreciation (vi) 3,515 3,354 2,403 Total 70,568 48,343 40,637 (i) Represents salaries and wages related to FTE’s the Group’s Sales and marketing department. For further detail on total salaries and wages refer to Note 9: Employee Benefits. (ii) Represents expenses related to trade marketing events, the distribution and production of marketing and advertising campaigns mostly related to public relations expenses, third-party sales commissions, and online performance marketing. (iii) Represents salaries and wages related to administrative FTE’s. For further detail on total salaries and wages refer to Note 9: Employee Benefits. (iv) Includes Advisors’ fees, Legal fees, Auditors’ fees and Human resources services fees. In 2023, third-party services included costs o f USD 1,663 ( 2,014 in 2022) related to an internal review of allegations made by a short-seller, including fees from independent counsel, independent global expert services and forensic accounting advisory firm. In 2021, third-party services included USD 5,158 of Secondary offering expenses, and transaction costs related to the acquisition of PrimeiroPay assets. (v) Represents office rent and related expenses. (vi) Includes the amortization of right-of-use assets, intangible assets and depreciation of property, plant and equipment. Refer to Note 10: Amortization and Depreciation, for further detail.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2023
Disclosure Of Defined Benefit Plans [Line Items]
Employee Benefits	9. Employee Benefits The Group employed 901 full-time equivalents (“FTE”) as of December 31, 2023 ( 726 and 539 in the year ended December 31, 2022 and 2021, respectively), 38 % of which represent information technology engineers ( 40 % and 38 % in the year ended December 31, 2022 and 2021, respectively). Employee benefits costs were comprised of the following: 2023 2022 2021 Salaries, wages and contractor fees (i) 62,900 42,550 27,535 Share-based payments (ii) 11,922 8,684 7,590 Total 74,822 51,234 35,125 (i) Salaries, wages and contractor fees include social security costs and annual bonuses. During the year end December 31, 2023 USD 16,694 of salaries, wages and contract fees were capitalized (USD 11,357 in 2022 and USD 7,085 in 2021). (ii) Represents compensation expenses stemming from share-based arrangements settled in the Group’s common shares. For further information refer to Note 2.11: Share-based payments and warrants contracts.

Amortization and Depreciation

Amortization and Depreciation	12 Months Ended
	Dec. 31, 2023
Disclosure of Transactions Between Related Parties [Line Items]
Amortization and Depreciation	10. Amortization and Depreciation Amortization and depreciation expenses are composed of the following: 2023 2022 2021 Amortization of intangible assets (Note 20) 10,816 6,891 3,917 Right-of-use asset amortization (Note 19) 627 518 453 Depreciation of Property, plant & equipment (Note 18) 782 738 377 Total 12,225 8,147 4,747

Other Results

Other Results	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Results [Line Items]
Other results	11. Other results Other results consist of the following categories: 2023 2022 2021 Interest Income from Financial Instruments (i) 49,588 18,114 2,556 Fair value gains / (losses) of financial assets at FVPL (i) 78,640 ( 36 ) ( 16 ) Finance income 128,228 18,078 2,540 2023 2022 2021 Finance expense related to derivative financial instruments (ii) ( 28,013 ) ( 18,763 ) — Other finance expenses (iii) ( 88,243 ) ( 5,728 ) ( 402 ) Interest charges for lease liabilities (iv) ( 578 ) ( 177 ) ( 142 ) Finance costs ( 116,834 ) ( 24,668 ) ( 544 ) Inflation adjustment (v) ( 12,537 ) ( 1,037 ) ( 334 ) Total ( 1,143 ) ( 7,627 ) 1,662 (i) Includes financial income and gains resulting from the remeasurement of short-term liquid financial instruments and financial assets measured at fair value through profit and loss. For further detail refer to Note 15: Financial assets at fair value through profit or loss. (ii) Represents the rate implicit in derivative financial instruments not designated as hedging instruments that the Group entered into during the year ended December 31, 2023. The Group elected to separate the spot element from the forward element of the derivative foreign exchange instruments and designated as hedging instrument the changes in the fair value of the spot element. Changes in the fair value of the hedging portion of the derivative contract are recognized within Costs of Services while changes in the fair value of the non-designated portion; i.e. the forward element, are presented within Finance Costs. For further information refer to Note 24 Derivative financial instruments. (iii) Includes interest charges for borrowings, foreign exchange losses and other interests. In 2023, includes foreign exchange losses of USD 82,620 which was mainly generated by an intra-group loan denominated in US Dollar between subsidiaries located in Argentina and Malta. For further information refer to Note 28 (a) Related Party Transactions. (iv) Finance costs associated with lease liabilities resulting from the application of IFRS 16 Leases. For further information refer to Note 19: Leases. (v) As required by IAS 29, the financial statements of the Group’s Argentina subsidiary was restated to reflect the purchasing power of the hyperinflationary currency. Therefore, a loss on net monetary position was recognized during the year ended December 31, 2023.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2023
Disclosure Of Income Taxes [Line Items]
Income Tax	12. Income Tax The charge for current taxation has been calculated at the following rates on the taxable profit generated from the countries in which the Group operates: Malta 5 % (a) Israel 23 % Cayman Islands 0 % Mexico 30 % United Kingdom 0 % and 19 % (b) India 22 % Brazil 34 % (c) Chile 27 % Colombia 35 % Peru 29.5 % Argentina 25 %, 30 % and 35 % (d) Morocco 28.3 % Ecuador 25 % Egypt 22.5 % Uruguay 25 % South Africa 27 % Panama 25 % Nigeria 30 % Paraguay 10 % Indonesia 22 % Guatemala 25 % Honduras 25 % Nicaragua 30 % Philippines 20 % Rwanda 30 % and 28 % (e) Singapore 17 % Kenya 30 % Malaysia 24 % Tanzania 30 % Thailand 0 % Uganda 20 % United Arab Emirates 0 % United States of America 21 % Vietnam 20 % Ivory Coast 25 % Japan 22 % El Salvador 25 % Ghana 25 % Bangladesh 28 % Cameroon 29 % Dominican Republic 27 % Costa Rica 30 % Bolivia 25 % Ireland 12.5 % Saudi Arabia 20 % Senegal 30 % Spain 25 % (a) In 2020, the Group elected to form a fiscal unit for itself and its ‘Qualifying subsidiary’. Total chargeable income of the fiscal unit, this resulted in the application corporate tax rate of 5 % to total chargeable income allocated to the principal taxpayer. (b) DL ocal LLP and dLocal Corp LLP are tax transparent UK partnerships subject to 0 % income tax, dLocal OpCo UK LTD is subject to an income tax rate of 19 %. (c) Comprise IRPJ ( Imposto de Renda de Pessoa Juridica ) at the rate of 25 % and CSLL ( Contribuição Social sobre o Lucro Liquido ) at the rate of 9 %. (d) Progressive income tax rates: 25 %, 30 % and 35 % depending on the tax result. (e) Income tax rate changed from 28 % to 30 % after September 14, 2023 because of change in local legislation. The income tax charge recognized in profit and losses included the following: Current Income Tax 2023 2022 2021 Current Income Tax on profits for the year ( 31,924 ) ( 11,682 ) ( 6,940 ) Total Current Income Tax expense ( 31,924 ) ( 11,682 ) ( 6,940 ) Deferred income tax 2023 2022 2021 Increase/(decrease) in deferred income tax assets 1,757 229 ( 83 ) Increase/(decrease) in deferred income tax liabilities 739 ( 133 ) ( 624 ) Total Deferred income tax benefit / (expense) 2,496 96 ( 707 ) Income Tax expense ( 29,428 ) ( 11,586 ) ( 7,647 ) Deferred Tax Assets The balance comprises temporary differences attributable to: 2023 2022 2021 Tax Losses 233 348 31 Accrued Liabilities 773 99 318 Exchange differences 89 — — Other (i) 1,193 51 24 Total 2,288 498 373 (i) In 2023, includes temporary differences of USD 1,112 regarding the tax effect of the interest expense generated on the intra-group loan between subsidiaries in Argentina and Malta. The recognized tax loss carry-forwards have a maximum expiration of 5 years. Movements: Tax losses Accrued liabilities Exchange differences Other Total At January 1, 2023 348 99 — 51 498 (Charged) / Credited to profit & loss ( 115 ) 674 89 1,142 1,790 At December 31, 2023 233 773 89 1,193 2,288 Tax losses Accrued liabilities Exchange differences Other Total At January 1, 2022 31 316 0 26 373 Credited / (Charged) to profit & loss 317 ( 217 ) 0 25 125 At December 31, 2022 348 99 — 51 498 Deferred Tax Liabilities The balance of Deferred Tax Liabilities is comprised of temporary differences attributable to: 2023 2022 2021 Accrued receivables 353 946 900 Other 471 206 223 Total 824 1,152 1,123 Movements: Accrued Other Total At January 1, 2023 946 206 1,152 Credited / (charged) to profit & loss ( 593 ) 265 ( 328 ) At December 31, 2023 353 471 824 At January 1, 2022 900 223 1,123 Credited / (charged) to profit & loss 46 ( 17 ) 29 At December 31, 2022 946 206 1,152 As of December 31, 2023 and 2022 , no deferred tax liability has been recognized on investments in the Group subsidiaries. The Group has concluded it has the ability and intention to control the timing of any distribution from its subsidiaries and that it is probable there will be no reversal in the foreseeable future in a way that would result in a charge to taxable profit. Reconciliation of effective tax rate The Group’s effective Income Tax rate in 2023 was 16.5 % ( 9.6 % and 8.9 % in the years ended December 31, 2022 and 2021, respectively). For 2023 and 2022, the Group applied for fiscal consolidation in Malta resulting in a domestic rate o f 5 % ( fiscal consolidation was not applied for 2021, resulting in a domestic rate o f 35 % with a 30 % o f tax refund). The reconciliation between the effective Income Tax rate and the statutory rate in Malta of 5 % in 2023 and 2022, an d 35 % f or fiscal year 2021 was as follows: 2023 2022 2021 Profit before Income Tax 178,514 120,283 85,500 Tax at the domestic rates applicable to profit before income tax in the ( 8,926 ) ( 6,014 ) ( 4,275 ) Permanent differences: Tax effect of non-taxable income 822 555 3,369 Effects from entities taxes with different rates (1) ( 15,930 ) ( 5,440 ) ( 3,127 ) Other permanent differences (2) ( 5,394 ) ( 687 ) ( 3,614 ) Total ( 29,428 ) ( 11,586 ) ( 7,647 ) (1) Increase mainly refers to a higher proportion of taxable income from emerging markets subject to income tax rate exceeding the statutory rate in Malta of 5 %. (2) During the year ended December 31, 2023, other permanent differences included non-deductible expenses of USD 1,868 (USD 1,088 in 2022) and by other permanent differences for USD 3,525 (USD 401 in 2022), which include USD 1,472 of hyperinflation adjustment in Argentinian subsidiaries. During the year ended December 31, 2022 it also includes disallowed expenses of USD 678 and taxable income from subsidiaries not included in the Profit before Income Tax for USD 1,357 .

Capital Management

Capital Management	12 Months Ended
	Dec. 31, 2023
Disclosure Of Classes Of Share Capital [Line Items]
Capital Management	13. Capital Management (a) Share capital and share premium The rights of the Class A Common Shares holders and Class B Common Shares holders are identical, except with respect to voting, conversion and transfer restrictions applicable to the Class B Common Shares. Each Class A Common Share is entitled to one vote while Class B Common Shares are entitled to five votes per share. Each Class B Common Share is convertible into one Class A Common Share upon transfer, subject to certain exceptions. Holders of Class A Common Shares and Class B Common Shares vote together as a single class on all matters unless otherwise required by law. Authorized shares, as well as issued and fully paid-up shares, are presented below: 2023 2022 Amount USD Amount USD Authorized Shares of USD 0.002 USD each Class A common shares 1,000,000,000 2,000 1,000,000,000 2,000 Class B common shares 250,000,000 500 250,000,000 500 Undesignated shares 250,000,000 500 250,000,000 500 1,500,000,000 3,000 1,500,000,000 3,000 Issued and Fully Paid Up Shares of USD 0.002 each Class A Common Shares 161,937,473 323 161,975,678 324 Class B Common Shares 134,054,192 268 134,054,192 268 295,991,665 591 296,029,870 592 Share Capital evolution Share Capital as of January 1 296,029,870 592 295,028,441 590 i) Issue of common shares at USD 0.002 663,897 — 1,136,375 2 ii) Warrant exercise (See note 2.11.2) 6,334,134 13 — — iii) Repurchase of shares ( 7,036,236 ) ( 14 ) ( 134,946 ) — Share capital as of December 31 295,991,665 591 296,029,870 592 2023 2022 Share Premium as of January 1 164,307 157,151 i) Issue of common shares at USD 0.002 5,051 9,177 ii) Warrant exercise (See note 2.11.2) 1,622 — iii) Repurchase of shares ( 97,915 ) ( 2,021 ) Share Premium as of December 31 73,065 164,307 i) During the year-ended December 31, 2023, dLocal issued 663,897 new Class A Common Shares in exchange for total proceeds of USD 153 , due to the exercise of stock options and restricted stock units. Consequently, the USD 4,898 charge to Capital reserve was recycled into the Share premium line item within shareholders equity. For the year-ended December 31, 2022 dLocal issued 1,136,375 new Class A Common Shares receiving total proceeds of USD 3,939 , related to the exercise of share-options and restricted stock units. Consequently, the correspondent charge to Capital reserve was recycled into the Share premium line item within equity for a total amount of USD 5,240 . ii) On November 15, 2023 a holder of warrants exercised its net issuance right resulting in a net issuance amount of 6,334,134 shares at a Fair Market Value of U.S. Dollars 18.098 per share, calculated using the average price of five business days before the exercise date. iii) During the year ended December 31, 2023, dLocal repurchased 7,036,236 Class A Common Shares at a price of USD 97,915 in connection with the Share Buyback Program. (b) Capital Reserve The Capital reserve corresponds to reserves related to the share-based payment plans more fully described in Note 2.11: Share-based payments and warrants. The following table reflects changes in the ‘Capital Reserves’ line item in the Consolidated Statement of Financial Position line item: 2023 2022 2021 Balances as of January 1 16,185 12,741 12,582 Share-options exercise (i) ( 4,898 ) ( 5,240 ) ( 6,898 ) Share-based payments charges (ii) 11,922 9,580 7,596 Forfeitures (ii) — ( 896 ) ( 6 ) Warrant exercise (See note 2.11.2) ( 1,634 ) — ( 533 ) Balance as of December 31 21,575 16,185 12,741 (i) During the year-ended December 31, 2023 and December 31, 2022 a total of 663,897 and 1,136,375 , respectively, share-options under the share-based payments plan were exercised. Consequently, the correspondent charge to Capital reserve was recycled into the Share premium line item within equity. (ii) In the year-ended December 31, 2023 , it includes the net expense related to the modification in the agreement of a former officer of the Company. (c) Other reserves Other Group Reserves include the cumulative translation adjustment resulting from the translation of assets and liabilities into the Group’s functional currency at each reporting date. The following table shows a breakdown of the Consolidated Statement of Financial Position line item ‘Other Reserves’ and the movements in these reserves during the year: 2023 2022 2021 Cumulative Translation Adjustment Cumulative Translation Adjustment Cumulative Translation Adjustment Balances as of January 1 ( 1,448 ) ( 30 ) 119 Movement of other reserves ( 8,360 ) ( 1,418 ) ( 149 ) Balance as of December 31 ( 9,808 ) ( 1,448 ) ( 30 ) (d) Earnings per share The Group calculates basic and diluted earnings per share as discussed in Note 2.13: Equity. The calculations performed to derive basic and diluted EPS during the years ended December 31, 2023, 2022 and 2021 are as follows: 2023 2022 2021 Profit attributable to common shareholders (U.S. Dollars) 148,964,000 108,682,969 77,875,575 Weighted average number of common shares 291,982,305 295,623,702 287,121,304 Adjustments for calculation of diluted earnings per share(1) 10,976,123 17,514,944 21,809,000 Weighted average number of common shares for calculating diluted earnings per share 302,958,428 313,138,646 308,930,304 Basic earnings per share 0.51 0.37 0.27 Diluted earnings per share 0.49 0.35 0.25 (1) As of December 31, 2023 , reflects to the dilutive effect of i) 8,560,918 average shares related to share-based payment warrants ( 14,865,332 and 16,353,000 , respectively for the years ended December 31, 2022 and December 31, 2021); and ii) 2,415,205 average shares related to share-based payment plans with employees ( 2,649,612 and 5,456,000 , respectively for the years ended December 31, 2022 and December 31, 2021 ). As of December 31, 2023, excludes 2,619,434 potential common shares that are anti-dilutive related to granted stock options for which the exercise price is higher than the market price.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
Disclosure of cash and cash equivalents [line items]
Cash and Cash Equivalents	14. Cash and cash equivalents As of December 31, cash and cash equivalents was as follow: 2023 2022 Own Balances 222,808 247,833 Merchant Clients Funds 313,352 220,259 Total 536,160 468,092 The Group reported cash on hand, demand deposits and other short term liquid financial instruments of USD 536,160 as of December 31, 2023 , (USD 468,092 on December 31, 2022). Own Balances represent the Group’s cash and cash equivalents, while Merchant Clients Funds includes freely available funds collected from merchant customers, that can be invested in secure, liquid low-risk assets until transferred to the merchant. As of December 31, 2023 , Merchant Clients Funds includes USD 59,900 p ending to transfer to Own Balances (USD 38,119 as of December 31, 2022 ).

Financial Assets at Fair Value

Financial Assets at Fair Value Through Profit or Loss	12 Months Ended
	Dec. 31, 2023
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Financial Assets at Fair Value Through Profit or Loss	15. Financial assets at fair value through profit or loss (a) Classification of financial assets at fair value through profit or loss Financial assets include the following: 2023 2022 Debt instruments — 1,295 Bonds issued by the Treasury department of Argentina (i) 104,387 — Total 104,387 1,295 For 2023 and 2022, debt instruments are investments in quoted debt securities. (i) Corresponds to the acquisition of locally issued Argentinian federal government bonds which approximately, 88 % of the total amount refers to bonds TV24 which are U.S. Dollar linked with a coupon rate of 0.4 % and a maturity date of April 2024 . The Group also acquired bonds TDG24 and TDE25. Both bonds are dual bonds, which are linked by U.S. Dollar and CER index (Stabilization Reference Coeficient adjusted by inflation) with an annual coupon rate of 3.25 %. The maturity date of these bonds are April 2024 and January 2025 , for TDG24 and TDE25, respectively. (b) Amounts recognized in profit or loss Information about the Group’s impact on profit or loss of bonds is discussed in Note 11: Other Results (c) Risk exposure and fair value measurements Information about the Group’s exposure to price risk is discussed in Note 30: Financial risk management.

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2023
Trade and Other Receivables [Line Items]
Trade and Other Receivables	16. Trade and Other Receivables Trade and Other Receivables of the Group are composed of the following: 2023 2022 Trade receivables 319,921 218,922 Loss allowance ( 459 ) ( 280 ) Trade receivables net 319,462 218,642 Advances and other receivables 43,912 21,804 Total 363,374 240,446 Trade Receivables represent uncollateralized gross amounts due from acquirers, processors, merchants and preferred suppliers for services performed that will be collected in less than one year. As a result, they are classified as current. No financial assets are past due. All Trade and other receivables have been assigned in “normal” credit risk rating which applies to financial assets for which a significant increase in credit risk has not occurred since initial recognition. Impairment losses The following table presents the evolution of the Group’s loss allowance: 2023 2022 As of January 1 ( 280 ) ( 322 ) (Increase) / Decrease in loss allowance for trade receivables ( 318 ) 42 Write-off 139 — As of December 31 ( 459 ) ( 280 ) Net impairment (loss)/gain for trade receivables ( 318 ) 42 As discussed in Note 2.5 Financial instruments-initial recognition and subsequent measurement, the Group applies the simplified approach to determine expected credit losses on trade receivables. To measure expected credit losses, trade and other receivables were grouped based on shared credit risk characteristics. Specially, these assets are grouped based on days past due (ranging from 0-30 days since other material buckets of the outstanding receivables). Expected loss rates are based on the payment profiles of debtors over a 48 month period preceding the year end and corresponding credit losses experienced during such period. The historical loss rate is adjusted to reflect current and forward-looking information based on credit risk ratings of the countries in which the Group sells its services. On that basis, the expected credit loss rate of the 0-30 past due bucket was determined at 0.2 % for the years ended December 31, 2023 and December 31, 2022. Advances and other receivables include payments made in advance as well as tax credits. For further information refer to Note 30: Financial risk management - Impairment of financial assets.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2023
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Other Assets	17. Other Assets Other assets are composed of the following: Current 2023 2022 Money held in escrow and guarantees due to: (i) 11,635 43,814 -Stand by credit letters required by merchants — 18,575 -Banks requirements 3,000 19,988 -Processors and others requirements 5,072 1,688 -Credit card requirements 3,563 3,563 Advance payments to merchants — 12,863 Rental guarantees 147 112 Deposits in brokers(ii) — 5,576 Loss allowance(ii) — ( 5,576 ) Total current Other Assets 11,782 56,789 (i) Includes own funds and investments held in escrow and guarantees required by processors, credit cards and merchants. In 2023, some merchants entered into stand by credit letters with banks that required the Group to maintain certain collaterals in such banks. Amounts held in escrow also include funds held in a pledge account to collateralize overdrafts and pre-settlements agreements with a bank. Finally, it also includes guarantees issued to processors and credit cards institutions. These agreements have short-term maturities. (ii) During 2022, the Company utilized FTX Trading Ltd. (“FTX”) services for the repatriation of funds from one country. On November 11, 2022, when FTX filed for Chapter 11 bankruptcy in the United States, the Company had deposits of USD 5,576 , whose withdrawals had not been processed by FTX. Such deposits were included in the loss allowance as of December 31, 2022. On December 28, 2023 the Group entered into an agreement with a third-party to sell 100 % of these deposits for an amount of USD 3,454 . Consequently, a gain of the same amount was recognized in December 31, 2023 as the Group collected the agreed amount. As of December 31, 2023 , the Group does not hold any positions in crypto assets.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2023
Disclosure Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment	18. Property, Plant and Equipment Property, Plant and Equipment of the Group correspond to computer equipment and building improvements that are stated at cost less accumulated depreciation. 2023 2022 Computer Building improvements Total Computer Building improvements Total Cost 2,810 1,257 4,067 1,823 1,257 3,080 Accumulated depreciation ( 1,115 ) ( 218 ) ( 1,333 ) ( 553 ) ( 42 ) ( 595 ) Opening book value, January 1 1,695 1,039 2,734 1,270 1,215 2,485 Additions 1,088 — 1,088 987 — 987 Disposals ( 123 ) — ( 123 ) — — — Depreciation of the year ( 656 ) ( 126 ) ( 782 ) ( 562 ) ( 176 ) ( 738 ) Total as of December 31 2,004 913 2,917 1,695 1,039 2,734 Cost 3,775 1,257 5,032 2,810 1,257 4,067 Accumulated depreciation ( 1,771 ) ( 344 ) ( 2,115 ) ( 1,115 ) ( 218 ) ( 1,333 ) The Group did no t impair Property, Plant and Equipment during 2023 and 2022 , no r did it reverse any previously recognized impairment losses. Additionally, the Group did not have commitments to purchase any property, plant and equipment at year end. For further details on accounting policies refer to Note 2.7: Property, plant and equipment.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Disclosure Of Leases [Line Items]
Leases	19. Leases This note provides information for leases in which the Group is a lessee. The Group’s lease contracts refer to the use of explicitly defined office facilities in different countries, where it obtains substantially all of the economic benefits and has the right to direct the use of such offices. (a) Amounts recognized in the Consolidated Statements of Financial Position 2023 2022 Right-of-use assets Offices 3,689 3,934 3,689 3,934 2023 2022 Lease liabilities Current 626 686 Non-current 3,331 3,393 3,957 4,079 During 2023 and 2022 additions totaling USD 339 and USD 328 , respectively, were recognized. (b) Amounts recognized in the Consolidated Statements of Comprehensive Income The Consolidated Statements of Comprehensive Income shows the following amounts relating to leases: 2023 2022 Amortization of right-of-use assets Offices 627 518 627 518 Interest charges for lease liabilities (included within Finance Costs line 578 177 Leases expense for short-term leases (included within General and 457 332 The principal cash outflow for leases during 2023 was USD 1103 ( USD 386 in 2022 ).

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2023
Disclosure Of Intangible Assets [Line Items]
Intangible Assets	20. Intangible Assets The Group’s intangible assets include (i) capitalized expenses related to internally generated software and (ii) an acquired intangible asset acquired described in further detail below. The following table provides information about each class of the Group’s intangible assets held by the Group as of December 31, 2023 and 2022. Intangible assets are stated at cost less accumulated amortization: 2023 2022 At January 1, Internally generated software Acquired intangible assets Total Internally generated software Acquired intangible assets Total Cost 23,752 39,335 63,087 12,387 39,335 51,722 Accumulated amortization ( 7,973 ) ( 3,671 ) ( 11,644 ) ( 3,180 ) ( 1,573 ) ( 4,753 ) Opening book value as of January 1 15,779 35,664 51,443 9,207 37,762 46,969 Additions (i) 16,694 566 17,260 11,365 — 11,365 Amortization of the year ( 8,710 ) ( 2,106 ) ( 10,816 ) ( 4,793 ) ( 2,098 ) ( 6,891 ) Total as of December 31 23,763 34,124 57,887 15,779 35,664 51,443 Cost 40,446 39,901 80,347 23,752 39,335 63,087 Accumulated amortization ( 16,683 ) ( 5,777 ) ( 22,460 ) ( 7,973 ) ( 3,671 ) ( 11,644 ) (i) The additions of the year include USD 16,694 (USD 11,357 in 2022) related to capitalized salaries and wages. At December 31, 2023 and 2022 no indicator of impairment related to intangible assets existed, so the Group did not perform an impairment test. Refer Note 2.8: Intangible assets and Note 2.9: Impairment of non-financial assets for further detail related to the Group’s accounting policies related to the accounting for intangible assets.

Trade and Other Payables

Trade and Other Payables	12 Months Ended
	Dec. 31, 2023
Disclosure of Trade and Other Payables [Line Items]
Trade and Other Payables	21. Trade and Other Payables Trade and Other Payables are composed of the following: 2023 2022 Trade Payables 572,394 395,134 Accrued Liabilities 10,192 5,801 Other Payables 19,907 6,939 Total 602,493 407,874 Trade and Other Payables are classified as current liabilities as their contractual due date is within one year or less, and their carrying value is representative of fair value due to their short–term nature. Trade Payables represent obligations to transfer cash to merchants as a result of pay-in transactions processed or pay-out transactions to be processed upon request of the merchant. Accrued Liabilities represent amounts payable to legal and tax advisors and auditors. Other Payables represent the processors’ costs and general administrative expenses.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Borrowings	22. Borrowings During the year 2021, the Group has entered into a working capital loan with a financial institution. The loan was settled in Brazilian Reais (BRL) USD 5,000 (BRL 27 million) loan was due on April 19, 2022 and accrued interest at an annual fixed interest rate of 1.85 %. The total loan amount outstanding as of December 31, 2021 was USD 5,014 . On April 19, 2022, dLocal received two borrowings from a financial institution in Brazilian Reais (BRL 37.5 million each) amounting to a total of USD 14,782 , with expiration date on January 16, 2023 and accruing interest at an annual variable interest rate equivalent to the Brazilian Interbank Deposit (Certificado de Depósito Interbancário, or “CDI”) rate plus 1.70 % and 118.14 % of the CDI, respectively. As of December 31, 2022, the borrowings described were fully repaid, including accrued interest. As of December 31, 2023 the Group do no t have any borrowings with third parties.

Tax Liabilities

Tax Liabilities	12 Months Ended
	Dec. 31, 2023
Income Taxes [Line Items]
Tax Liabilities	23. Tax Liabilities Tax liabilities includes the followings: 2023 2022 Income tax payable 20,280 6,047 Other tax liabilities 520 5,648 Income tax perception 159 2,792 Digital services withholding VAT 341 2,555 Other Taxes 20 301 Total 20,800 11,695

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Financial Instruments [Abstract]
Derivative financial Instruments	24. Derivative financial instruments Derivative financial instruments: forward agreements The Group enters into derivative financial instruments to hedge trade receivables denominated in local currencies. Derivative contracts are used to fix the exchange rate at which dLocal converts local currency into the settlement currency (usually US dollars). During the year-ended December 31, 2023 and 2022, dLocal entered into short-term derivative contracts (delivery and non-delivery forwards) with different counterparties in different countries in which the Group operates, according to the following detail: Transaction Type of Forward Transaction Local currency Notional amount in USD as of December 31, 2023 Outstanding balance as of December 31, 2023 - Derivative financial liabilities Notional amount in USD as of December 31, 2022 Outstanding balance as of December 31, 2022 - Derivative financial liabilities Non-delivery forwards Buy USD Brazilian Reais 3,715,176 ( 30 ) 22,436,774 122 Non-delivery forwards Sell USD (1) Brazilian Reais — — ( 959,141 ) ( 15 ) Non-delivery forwards Buy USD Argentine Peso 3,400,000 7 6,600,000 ( 6 ) Delivery forwards Buy USD Chilean Peso 19,873,706 ( 174 ) 18,750,385 ( 250 ) Delivery forwards Buy USD Uruguayan Peso 2,552,177 ( 48 ) 2,240,602 48 Non-delivery forwards Buy USD Egyptian Pound 20,865,500 1,479 12,979,395 1,002 Non-delivery forwards Buy EUR Moroccan Dirham 1,490,406 ( 51 ) 6,834,496 31 Non-delivery forwards Sell EUR Moroccan Dirham — — — — Non-delivery forwards Buy EUR US Dollar 29,113,656 480 — — Non-delivery forwards Sell EUR US Dollar ( 6,323,275 ) ( 40 ) — — Non-delivery forwards Buy USD Nigerian naira — — 8,863,831 ( 15 ) Non-delivery forwards Buy USD Indian Rupee 2,397,451 ( 7 ) 5,920,282 2 Non-delivery forwards Sell USD (1) Indian Rupee ( 950,435 ) ( 1 ) ( 566,948 ) 1 Non-delivery forwards Buy USD Southafrican Rand 8,127,767 ( 230 ) 5,176,642 ( 235 ) Non-delivery forwards Sell USD Southafrican Rand ( 2,344,571 ) 12 ( 2,626,458 ) ( 11 ) Non-delivery forwards Buy USD Peruvian Sol 1,200,000 ( 67 ) — — Non-delivery forwards Sell USD Peruvian Sol ( 1,251,563 ) 62 — — Non-delivery forwards Buy USD Vietnamese Dong 4,054,096 ( 32 ) — — Non-delivery forwards Buy USD Moroccan Dirham 6,263,269 ( 240 ) 159,000 ( 12 ) Non-delivery forwards Sell USD Moroccan Dirham ( 3,274,071 ) ( 28 ) — — Total 1,092 662 (1) The contracts to sell USD are entered into with the purpose of rebalancing and maintaining a hedge ratio that complies with the hedge effectiveness requirements. During the year ended December 31, 2023, dLocal entered into delivery and non-delivery forward currency contracts with third party financial institutions to hedge trade and other receivables denominated in Brazilian Reais, Argentine Peso, Chilean Peso, Uruguayan Peso, Egyptian Pound, Moroccan, Dirham, Nigerian Naira, Indian Rupee, South African Rand and Costa Rica Colon. The spot element of these forward transactions was elected for hedge accounting and classified as fair value hedge in accordance with IFRS 9. The Group has elected to designate only the spot element of these forward contracts as the hedging instrument, except for hedges of Uruguayan Peso. The Group recognized a net gain on the effective portion of the hedge of USD 17,433 in the line item "Costs of services", which offset foreign exchange losses from the hedged items of USD 17,656 also recognized within “Cost of services”. The loss of USD 28,013 attributable to the forward points of the hedging instruments that were not designated for hedge accounting was recognized in "Finance costs". During the year ended December 31, 2022, dLocal recognized a net gain of USD 14,559 included in the line item "Costs of services" related to the effective portion of the change in the spot rate of the hedged currency (which offsets a foreign exchange loss of USD 14,832 included in the same line item) and a net loss of USD 18,763 included in the line item "Finance costs" related to the implicit interest rate.

Provisions

Provisions	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Provisions [Line Items]
Provisions	25. Provisions (a) Labor provisions Provisions for the year are related to labor potential contingencies where the management understands, based on the Group’s internal legal advisors’ assessment, that it is more likely than not that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. (b) Movements in labor provisions Movements in Labor provisions are set out below: Carrying amount as of January 1, 2022 1,710 Reversal to labor provision ( 419 ) Interest charges for labor provision 182 Carrying amount as of December 31, 2022 1,473 Reversal to labor provision ( 1,150 ) Interest charges for labor provision 39 Carrying amount as of December 31, 2023 362

Other Contingent Assets, Liabil

Other Contingent Assets, Liabilities and Commitments	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Contingent Assets Liabilities And Commitments [Line Items]
Other contingent assets, liabilities and commitments	26. Other contingent assets, liabilities and commitments As of December 31, 2023 and 2022, the Group had no outstanding contingent assets or liabilities, except for the labor contingencies detailed in Note 25: Provisions. As of December 31, 2023 the Group had USD 11,635 (USD 43,814 as of December 31, 2022) of its own funds and investments held in escrow and guarantees required by processors, credit cards and merchants, included within the line item “Other assets”. In 2022, some merchants entered into standby letters of credit with banks that required the Group to maintain collateral in such banks. In addition, this line item also includes money held in a pledge account to collateralize overdrafts and pre-settlements. Finally, it also includes guarantees issued to processors and credit cards institutions. These agreements have short-term maturities.

Offsetting Financial Assets and

Offsetting Financial Assets and Financial Liabilities	12 Months Ended
	Dec. 31, 2023
Disclosure Of Offsetting Of Financial Assets [Line Items]
Offsetting financial assets and financial liabilities	27. Offsetting financial assets and financial liabilities When certain criteria are met, financial assets and liabilities are offset and presented on a net basis in the Consolidated Statement of Financial Position. Amounts presented in the Consolidated Statement of Financial Position are offset when the Group currently has a legally enforceable right to offset the recognized amounts, and the Group intends to settle the asset and liability on a net basis or has the ability to realize the asset and settle the liability simultaneously. The following table presents the recognized financial instruments that are offset as at December 31, 2023 and 2022: Effects of offsetting on the Consolidated Statements of Financial Position Gross amounts Net amounts 2023 Gross amounts set off presented Financial assets USD USD USD Cash and cash equivalents 536,160 — 536,160 Financial assets at FVPL 104,387 — 104,387 Trade and other receivables 385,237 ( 21,863 ) 363,374 Derivative financial instruments 2,040 — 2,040 Other assets 11,782 — 11,782 Total 1,039,606 ( 21,863 ) 1,017,743 Financial liabilities Trade and other payables 624,356 ( 21,863 ) 602,493 Lease Liabilities 3,957 — 3,957 Derivative financial instruments 948 — 948 Total 629,261 ( 21,863 ) 607,398 Gross amounts Net amounts 2022 Gross amounts set off presented Financial assets USD USD USD Cash and cash equivalents 468,092 — 468,092 Financial assets at FVPL 1,295 — 1,295 Trade and other receivables 244,804 ( 4,358 ) 240,446 Derivative financial instruments 1,206 — 1,206 Other assets 56,789 — 56,789 Total 772,186 ( 4,358 ) 767,828 Financial liabilities Trade and other payables 424,186 ( 16,312 ) 407,874 Lease Liabilities 4,079 — 4,079 Derivative financial instruments 544 — 544 Total 428,809 ( 16,312 ) 412,497 The gross amount of assets and liabilities that have been offset and presented above primarily relate to trade receivables resulting from fees earned from merchants that are offset against liabilities to merchants. The Group determined these balances meet the IFRS 7 o ffsetting requirements since an enforceable legal right to offset the balances exists, and the Group intends to settle such transactions on a net basis. No arrangements with merchants that provide the Group with the right to offset exist where the offsetting criteria have not been met.

Related parties

Related parties	12 Months Ended
	Dec. 31, 2023
Disclosure of Transactions Between Related Parties [Line Items]
Related parties	28. Related parties (a) Related Party Transactions Dlocal Argentina S.A. entered into a loan agreement with Dlocal Group in June 2023 for a total amount of USD 100,000 with maturity date on June, 2024 . The main purpose of the loan was the acquisition of the Argentinian bonds as detailed on note 1.3 (b) and note 15. As both subsidiaries are fully consolidated, outstanding balances have been eliminated. The main impact on these consolidated financial statements refers to foreign exchange losses on the Dlocal Argentina S.A. (b) Key Management compensation The Group’s Executive Team and Director compensation was as follows: 2023 2022 2021 Short-term employee benefits – Salaries and wages 2,177 1,767 1,900 Long-term employee benefits – Share-based payment 6,822 3,351 7,590 8,999 5,118 9,490 (c) Transactions with other related parties The following transactions occurred with related parties: 2023 2022 2021 Transactions with merchants – Revenues 1,494 1,158 2,030 Transactions with preferred suppliers (Collection entities) – Costs ( 53 ) ( 621 ) ( 561 ) Transactions with other related parties – Financial expenses (item (a)) 81,024 — — (d) Outstanding balances arising from transactions with related parties The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: 2023 2022 Balances with merchants – trade receivables 406 428 Balances with merchants – trade payables — ( 482 ) Balances with preferred suppliers (Collection entities) – trade payables ( 19 ) ( 1,258 ) Balances with preferred suppliers (Collection entities) – trade receivables — 552 All transactions with related parties were made on normal commercial terms and conditions and at market rates. Outstanding balances are unsecured and are repayable in cash.

Share-Based Payment

Share-Based Payment	12 Months Ended
	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share-Based Payment	29. Share-based payment Set out below are summaries of RSUs, PSUs and stock option for 2023 and 2022: 2023 2022 * Average Average exercise price Number of exercise price Number of (U.S. Dollars) options and RSUs and PSUs (U.S. Dollars) options and RSUs At the beginning of the year 8.30 3,534,561 1.16 4,032,345 Granted during the year 5.53 4,340,239 18.90 1,474,463 Exercised during the year 2.25 ( 663,897 ) 3.45 ( 1,136,375 ) Forfeited during the year 14.06 ( 248,601 ) 10.31 ( 835,872 ) At the end of the year 6.86 6,962,302 8.30 3,534,561 Vested and exercisable at the end of the year 7.03 704,006 4.06 347,788 No options expired during the periods covered in the above table. As of December 31, 2023, the Group has 200,000 PSUs, 3,397,042 RSUs, and 3,365,260 Stock Options outstanding. As of December 31, 2023, total compensation expense of the plans was USD 11,922 (2022 - USD 8,684 ). Fair value of shares granted dLocal estimates share-based payment transactions and warrant agreements using the most appropriate valuation model and underlying assumptions, which depend on the terms and conditions of the grant and the information available at the grant date. The Group uses certain methodologies to estimate fair value of the options and warrants granted which include the following: • Estimation of fair value based on equity transactions with third parties close to the grant date; • Other valuation techniques including option pricing models such as Black-Scholes. • Expected exercise: Represents the period in which the compensation related to the Option Plan should remain outstanding and was based on the average of the earliest date at which an option could be exercised which is the end of the vesting period and the date of the contractual life. • Expected volatility: Expected volatility between 60 % and 55 % using historical and implied stock price volatility from guideline companies, adjusted for size and leverage. These estimates also require determination of the most appropriate inputs to the valuation models including assumptions regarding the expected life of a share option and warrants and expected volatility of the price of the Group’s shares. The model inputs for options granted during the year ended December 31, 2023 included: a) Options are granted for no consideration and vest based on historical prices of comparable shares listed on Nasdaq. Vested options are exercisable for a period of five years after vesting. b) Average exercise price: 15.93 U.S. Dollars. c) Grant date: January 27th, March 20th, June 26th, July 7th, July 24th, August 14th, August 22th, September 1st, October 1st, October 2nd, October 9th, November 22th, December 9th d) Expiry date: June 30th 2027, January 31th 2028, March 31th 2028, July 31th 2028, August 31th 2028, September 30th 2028, October 31th 2028, November 30th 2028, December 31th 2028 e) Average share price at grant date: 16.97 U.S. Dollars. f) Average expected price volatility of the company’s shares: 47.7 %. g) Average risk-free interest rate: 3.9 %. The model inputs for options granted during the year ended December 31, 2022 included: a) Options are granted for no consideration and vest based on historical prices of comparable shares listed on Nasdaq. Vested options are exercisable for a period of five years after vesting. b) Average exercise price: 25.39 U.S. Dollars. c) Grant date: March 16th, March 28th, May 1st, May 18th, May 26th, July 1st, September 9th, October 17th. d) Expiry date: March 16th 2032, March 28th 2032, May 1st 2032, May 18th 2032, May 26th 2032, July 1st 2032, September 9th 2032, October 17th 2032 . e) Average share price at grant date: 26.79 U.S. Dollars. f) Average expected price volatility of the company’s shares: 43.8 %. g) Average risk-free interest rate: 3.1 %. The expected price volatility is based on the historic volatility (based on the remaining life of the options), adjusted for any expected changes to future volatility based on publicly available information.

Financial Risk Management

Financial Risk Management	12 Months Ended
	Dec. 31, 2023
Financial Risk Management [Line Items]
Financial risk management	30. Financial risk management (a) Risk Management Framework The Group’s activities may expose it to a variety of financial risks, including credit risk, market risk (including foreign exchange risk, cash flow or fair value interest rate risk, and equity price risk), liquidity risk and fraud risk. The Group’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Group’s financial performance. The Board of Directors (the “Board”) has overall responsibility for the establishment and oversight of the Group’s risk management objectives and policies. The Group’s risk management policies are established to identify and analyze the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities. The overall objective of the Board is to set policies that seek to reduce risk as much as possible without unduly affecting the Group’s competitiveness and flexibility. Further details of these policies are set out below: (b) Credit Risk Credit risk is the risk that a merchant or a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Credit risk arises from the group’s exposures to third parties, including cash and cash equivalents and financial instruments and from its operating activities, primarily related to trade and other receivables. The carrying amount of financial assets represents the Group’s maximum credit exposure: 2023 2022 Cash and Cash Equivalents 536,160 468,092 Financial Assets at Fair Value through Profit or Loss 104,387 1,295 Trade and Other Receivables 363,374 240,446 Derivative Financial Instrument 2,040 1,206 Other Assets 11,782 56,789 1,017,743 767,828 The table below discloses the external credit risk ratings for Group’s Trade and Other Receivables, based on the geographical regions in which the Trade and Other Receivables are held: Risk rating 2023 2022 A 42,618 18,880 AA 392 — AAA 7,319 2,213 B 24,345 11,043 BB 172,833 137,286 BBB 89,047 29,161 C 279 — CC 11,251 — CCC 15,290 41,863 363,374 240,446 Financial Assets at Fair Value through profit or loss and cash and cash equivalents Credit risk from balances with financial institutions and other third parties are managed in accordance with the Group’s policy. Financial assets consist of debt securities and other financial instruments with financial institutions that expose the Group to an acceptable level of credit risk. Trade and Other Receivables The Company serves high-quality merchant processors, thereby mitigating credit risk. The Group is not exposed to significant concentrations of credit risk based on customers, industries, sectors and/or geographic regions. The Group applies the IFRS 9’s simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance model for all trade and other receivables. To measure expected credit losses, trade and other receivables were grouped based on shared credit risk characteristics and tenor. Historical loss experience was also considered and has been adjusted to reflect information about current conditions and reasonable and bearable forecasts of future economic conditions. The Group’s expected loss rates are based on the payment profiles of its merchant customers, the country where the receivable balance was originated, and historical credit losses experienced. Historical loss rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the Group’s merchant customers to settle the receivables. The Group has identified the credit rating of the countries in which it sells its services to be the most relevant factor, and adjusts the historical loss rates based on expected changes in credit ratings. (c) Market Risk Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. For the Group, market risk may comprise interest rate risk and foreign currency risk and other price risk, such as equity price risk. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return. Interest Rate Risk Interest rate risk arises from the possibility of the Group incurring losses due to fluctuations in interest rates, and by extension, future cash flows, of a financial instrument. The Group’s cash flows are not exposed to interest rate risk since there are no financial instruments held are subject to variable interest rates. Other market risk The primary goal of the Group’s investment in equity securities is to hold such investments for long-term strategic purposes. Management is assisted by external advisers in this regard. Certain investments are designated as at FVPL because their performance is actively monitored and they are managed on a fair value basis. Sensitivity analysis - Equity price risk All of the Group’s listed equity investments are listed on either the Argentinian Stock Exchange (Bolsas y Mercados Argentinos - BYMA). For the investments classified as FVPL, the impact of a 10 %, increase in the Argentinian Index at the reporting date on profit or loss would have been an increase of USD 10,438 after tax. An equal change in the opposite direction would have decreased profit or loss by USD 10,438 after tax. Foreign Currency Risk The Group has significant operations internationally that are denominated in foreign currencies, primarily on emerging markets, subjecting the Group to foreign currency risk, which may impact the financial results. The Group transact business in various foreign companies and have significant international revenues and costs. The Group cash flows, results of operations and certain of our intercompany balances that are exposed to foreign exchange rate fluctuations may differ from expectations and it may record gain or losses due to foreign currency fluctuations. As of December 31, 2023 the Group is exposed to foreign currency risk on monetary amounts denominated in a currency other than the functional currency of the respective subsidiaries, which is mainly comprised by cash and cash equivalents, trade receivables and trade payables in the service providers in Latin America, Asia and Africa. The following table presents the top five currencies net balances: 2023 Gain/(loss) Account Currency Amount % increase Amount % decrease Amount Net balances Mexican peso 39,825 10 % ( 3,983 ) - 10 % 3,983 Brazilian real 29,145 10 % ( 2,915 ) - 10 % 2,915 Argentine peso 12,769 10 % ( 1,276 ) - 10 % 1,276 Saudi riyal 10,966 10 % ( 1,097 ) - 10 % 1,097 South African rand 9,107 10 % ( 911 ) - 10 % 911 Total 101,813 ( 10,182 ) 10,182 2022 Gain/(loss) Account Currency Amount % increase Amount % decrease Amount Net balances United States dollar 47,162 10 % ( 4,716 ) - 10 % 4,716 Brazilian real 27,841 10 % ( 2,784 ) - 10 % 2,784 Indian rupee 16,530 10 % ( 1,653 ) - 10 % 1,653 Egyptian pound 16,243 10 % ( 1,624 ) - 10 % 1,624 Argentine peso 12,863 10 % ( 1,286 ) - 10 % 1,286 Total 120,639 ( 12,064 ) - 12,064 Exposure is presented in thousands of U.S. Dollars. As discussed in Note 24: Derivative financial instruments, the Company entered into foreign currency exchange forward contracts to mitigate this risk and reduce the economic and financial statement impact. (d) Liquidity Risk Liquidity risk is the risk that the Group encounters difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group’s reputation. The Group invests surplus cash in interest-bearing financial investments, choosing instruments with appropriate maturity or enough liquidity to provide adequate margin as determined by the forecasts. Exposure to Liquidity Risk The tables below classify the Group’s financial liabilities based on their contractual maturities. Amounts disclosed reflect contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant. Contractual maturities of financial liabilities 31 December, 2023 Less than 6 6-12 months Between 1 and More than 2 years Total Carrying Non-derivatives Trade and other payables 602,493 — — — 602,493 602,493 Leases liabilities 217 409 584 3,017 4,227 3,957 Total non-derivatives 602,710 409 584 3,017 606,720 606,450 Derivatives Derivative financial instruments 948 — — — 948 948 Total derivatives 948 — — — 948 948 Contractual maturities of financial liabilities 31 December, 2022 Less than 6 6-12 months Between 1 and More than 2 years Total Carrying Non-derivatives Trade and other payables 407,874 — — — 407,874 407,874 Leases liabilities 296 394 546 3,628 4,864 4,079 Total non-derivatives 408,170 394 546 3,628 412,738 411,953 Derivatives Derivative financial instruments 544 — — — 544 544 Total derivatives 544 — — — 544 544 (e) Fraud Risk The Group’s transactions are susceptible to a fraudulent or improper sale and processes are used to mitigate fraud risk. Such processes rely on ‘dLocal Defense’, a local data-driven prevention program designed to maximize fraud detection and minimize false positives. This process reviews and validates transactions at the time of authorization using external tools that are reviewed on a periodic basis. In addition, the Group has implemented an additional process to prevent fraud through chargebacks and disputes. (f) Capital Management The Board’s policy is to maintain a strong capital base to maintain investor, creditor and market confidence, and to sustain future development of the business. The Board’s objectives are to safeguard the Group’s ability to continue as a going concern, to continue to provide returns to the Group’s shareholders, and benefit other stakeholder groups, and to maintain an optimal capital structure to reduce the Group’s cost of capital. To maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce the Group’s borrowings. The Board monitors returns on capital as well as the level of dividends distributed to ordinary shareholders. The Group monitors capital using the Net Cash/Debt. Net Cash is composed as follow: 2023 2022 Cash and cash equivalents 536,160 468,092 Financial assets at fair value through profit or loss 102,677 1,295 Lease liabilities ( 3,957 ) ( 4,079 ) Derivative financial instrument ( 948 ) ( 544 ) Net cash 633,932 464,764 Cash and liquid investments 638,837 469,387 Gross debt – fixed interest rates ( 4,905 ) ( 4,623 ) Net cash 633,932 464,764 Additionally, as part of the requirements for maintaining its financial institution license, DLocal Limited, the Group’s licensee subsidiary, is subject to a minimum capital requirement. As of December 31, 2023 and 2022, such capital requirements were fulfilled. The Group’s Maltese subsidiary calculated its capital requirements as Euros 530 (USD 600 ) as of December 31, 2021. Tier 1 Capital was temporarily short in respect of its regulatory capital requirement with an amount of USD 37,666 . The Group remediated this situation by verifying, through an external audit, that profits registered during the year ended December 31, 2021. Post-verification, Tier 1 Capital was USD 4,621 , which exceeded the externally imposed minimum capital requirement of Euros 530 thousands (USD 600 ).

Fair Value Hierarchy

Fair Value Hierarchy	12 Months Ended
	Dec. 31, 2023
Disclosure Of Fair Value Measurement [Line Items]
Fair Value Hierarchy	31. Fair value hierarchy The following tables show financial instruments recognized at fair value for the years ended December 31, 2023 and 2022. Fair values have been determined based on: • Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities. • Level 2: Other techniques for which all inputs that significantly impact the recorded fair value that are observable, directly or indirectly. • Level 3: Techniques which use inputs that significantly impact the recorded fair value that are not based upon observable market data. The table also includes financial instruments measured at amortized cost. The Group determined the book value of such instruments approximates their fair value. December 31, 2023 FVPL Amortized Total Level 1 Level 2 Assets Cash and Cash Equivalents — 536,160 536,160 — — Financial Assets at Fair Value through Profit or Loss 104,387 — 104,387 104,387 — Other Assets — 11,782 11,782 — — Trade and Other Receivables — 363,374 363,374 — — Derivative financial instruments (1) 2,040 — 2,040 — 2,040 106,427 911,316 1,017,743 104,387 2,040 December 31, 2022 FVPL Amortized Total Level 1 Level 2 Assets Cash and Cash Equivalents — 468,092 468,092 — — Financial Assets at Fair Value through Profit or Loss 1,295 — 1,295 1,295 — Other Assets — 56,789 56,789 — — Trade and Other Receivables — 240,446 240,446 — — Derivative financial instruments (1) 1,206 — 1,206 — 1,206 2,501 765,327 767,828 1,295 1,206 December 31, 2023 FVPL Amortized Total Level 1 Level 2 Liabilities Trade and Other Payables — ( 602,493 ) ( 602,493 ) — — Derivative financial instruments (1) ( 948 ) — ( 948 ) — ( 948 ) Lease Liabilities — ( 3,957 ) ( 3,957 ) — — ( 948 ) ( 606,450 ) ( 607,398 ) — ( 948 ) December 31, 2022 FVPL Amortized Total Level 1 Level 2 Liabilities Trade and Other Payables — ( 407,874 ) ( 407,874 ) — — Derivative financial instruments (1) ( 544 ) — ( 544 ) — ( 544 ) Lease Liabilities — ( 4,079 ) ( 4,079 ) — — ( 544 ) ( 411,953 ) ( 412,497 ) — ( 544 ) (1) The most frequently applied valuation techniques include forward pricing models. The models incorporate various inputs including: foreign exchange spot, interest rates curves of the respective currencies and the terms of the contract. T here were no transfer of items between Level 2 and Level 3, acquisitions, disposals or gains or losses recognized in profit for the period related to Level 3 instruments occurred. Consequently, as of December 31, 2023 and 2022, the Group did no t recognized any financial assets under Level 3.

Presentation and Preparation _2

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure of initial application of standards or interpretations [abstract]
Basis of preparation	2.1. Basis of preparation These Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards (“IFRS”) and interpretations issued by the IFRS Interpretations Committee (“IFRS I C”) applicable to companies reporting under IFRS, and comply with IFRS as issued by the International Accounting Standards Board (“IASB”). The Consolidated Financial Statements are presented in thousands of U.S. Dollars, except for share data or as otherwise indicated, which is the functional currency of DLocal Limited. The Consolidated Financial Statements have been prepared on a historical cost basis, except for certain financial assets measured at fair value as explained in Note 2.5: Financial instruments-initial recognition and measurement, and for Financial Statements of the Group’s operations in Argentina, which were adjusted to reflect the hyperinflationary nature of Argentina’s economic as detailed in Note 2.3: Foreign currencies. The preparation of these Consolidated Financial Statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying dLocal’s accounting policies. Areas involving a higher degree of judgment or complexity, or where assumptions and estimates are significant to the Consolidated Financial Statements, are disclosed in Note 3: Accounting estimates and judgments.
Basis of consolidation	2.2. Basis of consolidation The consolidated financial statements comprise the consolidated financial position of the Group as of December 31, 2023 and 2022 and the consolidated statements of income and comprehensive income, consolidated statements of cash flows and consolidated statements of changes in equity for each of the years ended December 31, 2023, 2022 and 2021. Subsidiaries The Group consolidates all entities in which it holds a controlling financial interest. Control is achieved when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Inter-company transactions, balances, income and expenses on transactions between Group companies are eliminated. Entities over which dLocal holds a controlling financial interest are referred to as subsidiaries. Subsidiaries are fully consolidated from the date dLocal obtains its controlling financial interest and are deconsolidated when dLocal loses control over the subsidiary. Subsidiaries included in the consolidated Group accounts are described in Note 4: Consolidation of subsidiaries. Changes in the ownership interest of a subsidiary where the Group maintains control are accounted for within shareholders’ equity.
Foreign currencies	2.3. Foreign currencies i) Functional and presentation currency Items included in the Financial Statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The Consolidated Financial Statements are presented in U.S. Dollar, which is dLocal’s functional and presentation currency. ii) Transactions and balances Foreign currency transactions are translated into dLocal’s functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates, are generally recognized in profit or loss. The Group has adopted a policy to present gains and losses stemming from foreign exchange transactions within various financial statement line items based on the nature of the item that generated the exchange difference. For example, gains or losses stemming from trade payables and pay-in and pay-out transactions are recognized within Cost of Services, whereas exchange differences arising from loans, including intra-group loans, are presented within Finance costs. This policy is applied consistently each reporting period. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss. For example, translation differences on non-monetary assets and liabilities such as equities held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss, and translation differences on non-monetary assets such as equities classified as at fair value through other comprehensive income are recognized in other comprehensive income. Foreign exchange gains and losses resulting from the measurement at period end exchange rates of monetary assets denominated in foreign currencies and measured at fair value through other comprehensive income are recognized in the Consolidated Statement of Comprehensive Income. iii) Argentina operations The Group has operations in Argentina, which has experienced economic volatility amidst deteriorating economic conditions, a devaluation of its currency, the Argentinian Peso, high interest rates, a high level of inflation and a large public deficit. Together, these factors have led Argentina to request financial assistance from the International Monetary Fund. The Group applied IAS 29 “Financial Reporting in Hyperinflationary Economies” (“ IAS 29”) to its operations in Argentina. IAS 29 requires that financial statements of entities whose functional currency is undergoing hyperinflation to be adjusted for the effects of changes in the general price index. This adjustment is expressed in terms of the current unit of measurement at the closing date of the reporting period. To determine whether an economy meets IAS 29’s definition of hyperinflationary, a series of factors must be considered, including whether the cumulative inflation rate for the most recent three-year period approximates or exceeds 100 %. IAS 29 requires adjustments to non-monetary items in the Statement of Financial Position through application of a general price index from the items’ initial recognition date through the end of the reporting period. Additionally, all items in the statement of comprehensive income are expressed in terms of the measuring unit current at the end of the reporting period. The inflation adjustment was calculated by means of a conversion factor derived from the Argentine price indexes published by the Argentine Federation of Professional Councils of Economic Sciences National Institute of Statistics (“FACPCE”). The price index for the year ended December 31, 2023 , was 3.1 ( 1.9 and 1.5 for the years ended December 31, 2022 and 2021, respectively). The Group’s Argentinian results of operations were translated into U.S. Dollars at the applicable closing exchange rate after adjusting for inflation. iv) Group companies The results and financial position of foreign operations of non-hyperinflationary economies with a functional currency that differs from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each item presented on the statement of financial position are translated at the closing rate as of the end of the reporting period; • Income and expenses are translated at average exchange rates; and • All resulting exchange differences are recognized in other comprehensive income. The results and financial position of foreign operations whose functional currency is the currency of a hyperinflationary economy are translated into the presentation currency as follows: • All amounts (i.e., assets, liabilities, equity items, income and expenses) are translated at the closing rate at the date of the most recent statement of financial position. On consolidation, exchange differences arising from the translation of foreign entities are recognized in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid, the associated exchange differences are reclassified to profit or loss as part of the gain or loss on sale. The following table reflects the exchange rates of the currencies used by the Group compared to the USD during the twelve months ended December 31, 2023 and 2022: Average rate Year-end spot rate 2023 2022 Dec 31, 2023 Dec 31, 2022 Argentina (ARS/USD) 633.6 132.1 808.5 176.7 Brazil (BRL/USD) 4.9 5.2 4.9 5.3 Chile (CLP/USD) 875.8 872.3 879.0 851.1 Colombia (COP/USD) 3,939.9 4,273.1 3,854.9 4,852.5 Costa Rica (CRC/USD) 526.7 642.7 523.0 593.2 Dominican Republic (DOP/USD) 57.4 55.0 58.1 56.2 Ecuador (USD/USD) 1.0 1.0 1.0 1.0 Egypt (EGP/USD) 30.9 19.3 30.9 24.7 Guatemala (GTQ/USD) 7.8 7.8 7.8 7.8 India (IRN/USD) 83.2 78.8 83.2 82.7 Indonesia (IDR/USD) 15,494.5 14,880.2 15,397.0 15,568.0 Israel (NIS/USD) 3.7 3.4 3.6 3.5 Malaysia (MYR/USD) 4.7 4.5 4.6 4.4 Malta (EUR/USD) 1.1 0.9 1.1 0.9 Mexico (MXN/USD) 17.2 20.1 17.0 19.5 Morocco (MAD/USD) 10.0 10.2 9.9 10.4 Nigeria (NGN/USD) 844.4 427.2 911.7 460.8 Panama (USD/USD) 1.0 1.0 1.0 1.0 Paraguay (PYG/USD) 7,339.6 7,007.8 7,275.0 7,247.8 Peru (PEN/USD) 3.7 3.8 3.7 3.8 Singapore (SGD/USD) 1.3 1.4 1.3 1.3 South Africa (ZAR/USD) 18.6 16.4 18.4 17.0 Uruguay (UYU/USD) 39.2 41.1 38.9 39.9
Cash and cash equivalents	2.4. Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks and other short-term, highly liquid financial instruments with original maturities of three months or less. dLocal classifies a financial instrument as a cash equivalent when the following conditions are met: • The financial instrument can be immediately converted into a known amount of cash; • The fair value of the financial instrument approximates its carrying value; and • The financial instrument is subject to an insignificant risk of a valuation change. Cash equivalents are measured at amortized cost and are presented within current assets due to their short-term nature.
Financial instruments - initial recognition and subsequent measurement	2.5. Financial instruments - initial recognition and subsequent measurement i) Financial assets Initial recognition and measurement Financial assets are initially recognized at fair value and subsequently held at amortized cost, fair value through other comprehensive income (“OCI”), or fair value through profit or loss (“FVPL”). Upon initial recognition, financial assets are classified depending on the asset’s contractual cash flow characteristics and the Group’s business model for managing such cash flows. The Group initially measures a financial asset at its fair value, or if a financial asset will not be held at fair value through profit or loss, fair value plus directly attributable transaction costs. Except for trade receivables that do not contain a significant financing component, or financial assets where the Group has applied IFRS 15’s practical expedient, financial assets are generally recognized at fair value plus directly attributable transaction costs and are held at amortized cost . Trade receivables that do not contain a significant financing component or for which the Group has applied IFRS 15’s practical expedient are measured at the transaction price stemming from the customer contract as required by IFRS 15, Revenue from Contracts with Customers. To be classified and measured at amortized cost or fair value through OCI, a financial asset must give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the outstanding principal balance. This assessment is referred to as the SPPI test and is performed on an instrument-by-instrument basis. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the Group’s business model for managing such cash flows. The Group’s business model determines whether financial assets are managed to collect the asset’s contractual cash flows, to be sold, or both. In cases where the Group intends to collect a financial asset’s contractual cash flows, the asset will be recognized and measured, initially and subsequently, at amortized cost. If a financial assets cash flows are held with the objective of collecting the contractual cash flows and/or selling the asset, then the financial asset is initially and subsequently recognized at fair value through OCI. Financial assets as of December 31, 2023 and 2022 include cash and cash equivalents, other assets, trade and other receivables, derivative financial instruments and investments in quoted debt securities. Subsequent measurement Financial assets are subsequently measured based on their classification, which include (i) amortized cost; (ii) fair value through OCI; and (iii) fair value through profit or loss. Cumulative gains and losses may be recycled for debt investments held at fair value through OCI, but not equity investments. Financial assets at amortized cost Financial assets held at amortized cost are subject to impairment testing and subsequently measured using the effective interest method. The Group’s financial assets at amortized cost for 2023 and 2022 include cash and cash equivalents, other assets and trade and other receivables which correspond to uncollateralized gross amounts due from acquirers, processors, merchants and preferred suppliers for services performed . Financial assets at fair value through profit or loss Financial assets held at fair value through profit or loss are initially and subsequently measured at fair value, with gains or losses recognized in profit or loss. This category of financial assets includes equity investments held for trading, debt securities that do not qualify for measurement at amortized cost or fair value through other comprehensive income, and equity investments for which the Company has not elected to recognize remeasurement gains and losses through OCI. The Group’s financial assets at fair value through profit or loss as of December 31, 2023 and 2022 include derivative financial instruments, investment in quoted debt securities and treasury bonds. Financial assets at fair value through OCI The Group did no t hold any financial assets within this category as of December 31, 2023 or 2022. Financial assets designated at fair value through OCI (equity instruments) T he Group did no t hold any financial asset within this category as of December 31, 2023 and 2022. Derecognition A financial asset or, where applicable, a part of a financial asset or part of a group of similar financial assets, is derecognized when: • The rights to receive the asset’s cash flows expire; or • The Group transfers its rights to receive cash flows from the asset or assumes an obligation to pay all cash flows received to a third party under a “pass-through” arrangement; and • The Group (a) transfers virtually all risks and benefits of the asset, or (b) neither transfers nor retains virtually all the risks and benefits of the asset, but transfers control over the asset. When the Group transfers its rights to receive a financial asset’s cash flows but does not transfer or retain substantially all the risks and benefits, the financial asset is recognized to the extent of the Group’s continuing involvement. In such cases, the Group also recognizes an associated liability. In such cases, the transferred financial asset and associated liability is measured in a manner that reflects the Group’s retained rights and obligations. No financial assets and liabilities meeting these conditions were recognized as of December 31, 2023 or 2022. Guarantees over transferred assets represent a form of continuing involvement. Such assets are measured at an amount equal to the lower of the original carrying amount of the financial asset and the maximum amount the Group could be required to pay under the terms of the guarantee. ii) Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss. ECLs are measured based on the difference between the cash flows the Group is contractually entitled to less cash flows that the Group expects to receive, discounted at the instrument’s original effective interest rate. The expected cash flows include cash flows resulting from the sale of collateral held or other credit enhancements integral to the instrument’s contractual terms. The Group applies a simplified approach for trade and other receivables when calculating ECLs. Specifically, the Group recognizes a loss allowance equal to the lifetime ECLs based on the segmentation of trade receivables. The Group uses its historical loss experience, adjusted to reflect current, reasonable and bearable forecasts of future economic conditions, when measuring ECLs. iii) Financial liabilities Initial recognition and measurement Financial liabilities are initially classified at fair value through profit or loss, amortized cost or as derivatives designated as hedging instruments in an effective hedging relationship. Financial liabilities held at amortized cost are initially recognized net of transaction costs that are directly attributable to the issuance of the liability. The Group’s financial liabilities as of December 31, 2023 and 2022 include trade and other payables, lease liabilities, derivative financial instruments, contingent consideration liability and borrowings. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification, as described below: Financial liabilities at fair value through profit or loss Financial liabilities held at fair value through profit or loss include financial liabilities that are held-for-trading or designated to be held at fair value through profit or loss when initially recognized. Financial liabilities are classified as held-for-trading if incurred solely in connection with a near term repurchase a financial asset that has been sold, including derivative financial instruments that are not designated as hedging instruments in hedge relationships. Gains and losses on held-for-trading liabilities are recognized in the statement of comprehensive income. The Group’s financial liabilities at fair value through profit or loss as of December 31, 2023 and 2022 include derivative financial instruments. Financial liabilities at amortized cost Financial liabilities held at amortized cost include interest-bearing borrowings, trade and other payables incurred in exchange for purchased goods or services, and lease liabilities. Financial liabilities related to interest-bearing borrowings are recognized at an amount equal to the net issuance proceeds received less directly attributable issuance costs. Trade and other payables are generally unsecured and due within 30 days. As a result, their book value approximates fair value and such amounts are presented within current liabilities unless due 12 months after the applicable reporting date. Any original issuance discount or premium is amortized through Finance Costs using the Effective Interest Rate (“EIR”) method. If, at settlement, the carrying amount of a financial liability exceeds its carrying amount, a settlement gain or loss equal to this difference is recognized through profit or loss. Derecognition A financial liability is derecognized when the obligation is discharged, cancelled or expires. When an existing financial liability is replaced by another financial liability from the same lender on substantially different terms, or if the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the statement of comprehensive income. iv) Derivative financial instruments Derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The Group operates in several foreign currencies and is exposed to foreign currency risk. From time to time, the Group uses derivative financial instruments, such as delivery and non-deliverable forward currency contracts to hedge or reduce exposure to foreign currency risks. The Group has elected to separate the spot element from the forward element of certain derivative financial instruments and designated as the hedging instrument only the change in the fair value of the spot element. The change in the fair value of the spot element of such derivatives is presented in the Costs of services line item. The change in the fair value of the forward element of such derivatives is presented in the Finance costs line item. For information about derivative financial instruments see Note 24: Derivative financial instruments. v) Fair value of financial instruments The Group measures financial assets held at fair value through profit or loss at fair value as of each reporting date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: • In the principal market for the asset or liability; or • In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 - quoted (unadjusted) prices in active markets for identical assets or liabilities; • Level 2 - inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 - techniques using inputs that have a significant effect on the recorded fair value that are not based on observable market data. The Group uses observable market data to the extent possible. For assets and liabilities that are recognized at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the fair value hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. vi) Financial instruments-offsetting Financial assets and liabilities are presented net in the consolidated statement of financial position if, and only if, there is an existing and enforceable legal right to offset the amounts recognized and an intention to offset or to realize the asset and settle the liability simultaneously. The Group presents trade payables to merchants net of trade receivables from fees and trade receivables from processing entities net of fees considering that there is an enforceable legal right to offset and the Group expects to cancel such obligations on a net basis. For further detail refer to Note 27: Offsetting financial assets and financial liabilities.
Current and deferred income tax	2.6. Current and deferred income tax Current and deferred income tax are recognized in profit or loss except to the extent that it relates to items recognized directly in equity or in other comprehensive income. Current income tax Tax assets and liabilities for the current year are calculated based on the expected recoverable amount or the amount payable to the tax authorities on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date in the countries where dLocal operates and generates taxable income. Current income tax related to items recognized directly in equity are recognized in equity. dLocal periodically evaluates the tax positions involving interpretation of tax regulations and establishes provisions when appropriate. The Group offsets current tax assets and current tax liabilities against the same tax authority when it has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred income tax Deferred income tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred income tax assets and liabilities are recognized for all temporary taxable differences, except in the following situations: • Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and • Temporary differences relating to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. Deferred income tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date and tax loss carryforwards, to the extent that it is probable that taxable profit will be available against which they can be offset. The carrying amount of deferred income tax assets is reviewed at each reporting date to assess whether it is probable that sufficient taxable profit will be available to allow all or part of the deferred tax assets to be utilized. Unrecognized deferred tax assets are reassessed, at each reporting date, and are recognized to the extent that it has become probable that future taxable profits will be available to allow their utilization.
Property, plant and equipment	2.7. Property, plant and equipment Property, plant and equipment (“PP&E) are stated at historical cost, net of accumulated depreciation and impairment losses, if any, unless pertaining to the Group‘s Argentine operations which have been adjusted pursuant to IAS 29 as detailed in Note 2.3: Foreign currencies. Historical cost includes material expenditures that can be measured reliably and are directly attributable to the acquisition of the property, plant or equipment. Repairs, maintenance and all other expenditures are charged to profit or loss during the period in which they are incurred. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, when it is probable that future economic benefits associated with these costs will be realized by dLocal and such benefits can be reliably measured. All other repair and maintenance expense is charged to the statement of comprehensive income during the year in which they are incurred. Residual values and useful lives are reviewed at the end of each reporting period and adjusted on a prospective basis, if appropriate. Depreciation is calculated on a straight-line basis over the estimated useful lives of the asset as follows: Computer Equipment 3 year s Building Improvements 10 years An item of property, plant and equipment is derecognized upon disposition or when future economic benefits are expected from its use or disposal . Any gain or loss on disposal (calculated as the difference between the net disposal proceeds with the carrying amount of the asset) is recognized within “Other results” in the statement of comprehensive income when an asset is derecognized. An asset’s carrying amount is immediately written down to its recoverable amount when the asset’s carrying amount is greater than its estimated recoverable amount. For further information see Note 2.9: Impairment of non-financial assets.
Intangible assets	2.8. Intangible assets Acquired intangible assets are initially recognized at cost and subsequently amortized on a straight-line basis over their useful economic lives, generally up to three years . The Group’s business relies heavily on digital products and services used to facilitate commercial relationships between international merchants and their emerging market customers. dLocal is constantly developing future product releases, enhancements and upgrades to existing software, as well as maintenance-oriented updates. Internal costs incurred to develop software for which a future economic benefit is likely to arise are capitalized and amortized over their useful life. Software maintenance costs are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of the Group’s identifiable and unique software products are recognized as an intangible asset. Costs that are directly attributable to internally developed software are capitalized and recognized as part of the intangible asset, which principally includes salaries and wages of Group software engineers and third-party professional service costs. The Group limits its capitalization of costs to the software or product’s development phase if it can demonstrate the following: • The technological feasibility of completing the intangible asset so that it will be available for use or sale; • The intention to complete the intangible asset and use or sell it; • The ability to use or sell the intangible asset; • How the intangible asset will generate probable future economic benefits; • The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; • The ability to measure reliably the expenditure attributable to the intangible asset during its development. Development costs that do not meet these capitalization criteria are expensed as incurred. Capitalized developed software intangible assets are amortized on a straight-line basis over the asset’s remaining useful life. Amortization cost is presented within “Cost of services” or “General and administrative” cost in the Statement of Comprehensive Income, depending on the nature of the capitalized cost. The remaining useful life of each asset is evaluated at the end of each reporting period or when facts and circumstances warrant an interim re-assessment. The Group believes the remaining useful lives are reasonable in light of the future usage of the assets.
Impairment of non-financial assets	2.9. Impairment of non-financial assets A non-financial asset’s ability to generate future economic benefits is considered when assessing whether the asset is impaired. Specifically, the Group considers the future economic benefits from making its service attractive for new or existing merchants in addition to benefits arising from the reduction of costs through the elimination of unnecessary activities. An assessment is made at each reporting date to determine whether there is an indication that an asset may be impaired, or to determine whether previously recognized impairment losses are recoverable. If any indication of an impairment exists, the Group estimates the asset’s recoverable amount. The recoverable amount is determined for an individual asset unless the asset does not generate cash inflows that are largely independent of cash flows generated from other assets or groups of assets. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.
Provisions	2.10. Provisions Provisions are recognized when the Group has a present legal or constructive obligation resulting from past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated. Provisions are not recognized for future operating losses. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions for contingencies related to lawsuits or other legal claims are recognized when it is probable an outflow of funds will be necessary to settle the contingency/obligation, and the outflow is reasonably estimable. The likelihood of loss includes an evaluation of available evidence, the hierarchy of laws, available case law, recent court decisions and their importance in the legal system, as well as the opinion of outside legal counsel. Provisions are reviewed and adjusted to reflect changes in circumstances as necessary. Provisions are measured at the present value of management’s best estimate of the outflow necessary to settle the present obligation at the end of each reporting period. The present value of the obligation is derived using a pre-tax rate discount rate that reflects current market information and risks specific to the applicable obligation. Increases in provisions resulting from the passage of time are recognized through “Finance cost”. Provisions are disclosed in the statement of financial position based on their nature.
Share-based payment and warrants	2.11. Share-based payments and warrants contracts 2.11.1. Share-based payments The Group launched three share-based plans. C ertain key employees have been awarded share-based compensation pursuant to the Group’s Employee Share Purchase Plan (“ESPP”), which consists of the “Ordinary A Share Purchase Agreement and the Share Restriction Agreement”, “Share Option Award Agreements”, “Restricted Stock Unit Agreements” and “Performance Share Unit Agreements” (together referred to as the “Agreements”), and the "DLocal Limited amended and restricted 2020 Global Share Incentive Plan" discussed in Note 1.2. For all plans, management commits to grant shares of dLocal to the defined participants. Options are granted under the plan for no consideration and carry no dividend or voting rights. Under these Agreements, certain employees and members of dLocal’s executive management team were granted share options, restricted stock units (“RSU”) or ordinary shares that are subject to service-based vesting conditions. PSUs vest in a manner similar to the service conditions of the RSUs, however, vesting is also contingent upon achievement of performance targets (non-market performance conditions) as determined by the Board. The Group is under no obligation to cash-settle any of the equity awards issued. The awards have been classified within shareholders’ equity. The cost of share-based compensation is measured using the fair value at the grant date. The cost is expensed together with a corresponding increase in equity over the service period or on the grant date when the grant relates to past services. The total amount to be expensed is determined by reference to the fair value of the tranche shares granted at the grant date, which is also based on: • Including any market performance conditions; • Including the impact of any non-market performance vesting conditions (i.e. remaining an employee of the entity over a specified time), and; • Including the impact of any non-vesting conditions (i.e. the requirement for participants to save or hold shares for a specific period of time). The total expense is recognized over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied. At the end of each period, the entity revises its estimates of the number of shares that are expected to vest based on the non-market vesting conditions. The Company recognizes the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to equity. When the shares are vested, the Group transfers the correspondent number of shares to the participant. The shares received by the participants, net of any directly attributable transaction costs (including withholding taxes) are credited directly to equity. The significant judgments, estimates and assumptions regarding share-based payments and activity relating to share-based payments are discussed further in Note 3.2. 2.11.2. Warrants contracts In 2019, the Group issued a warrant (the “Warrant”) that provided a merchant (the “Merchant”) with the right to acquire up to 17,345,000 ordinary shares while simultaneously executing an agreement to provide services to the Group. The Warrant is exercisable through January 24, 2026 at a purchase price per share equal to (1) U.S. Dollars 0.57 or (2) upon any reorganization (including any change of control) of the Group, the lesser of (i) U.S. Dollars 0.57 and (ii) sixty percent ( 60 %) of the price per share paid in or implied by such transaction. At the Group’s option, the Warrant may be settled in cash or net settled with Ordinary Class A Shares. If the Group elects to share settle the contract, it must deliver Ordinary Class A shares determined by dividing (i) the product of the number of Ordinary Class A shares underlying the Warrant multiplied by the intrinsic value of the Warrant at the time of exercise, by (ii) the fair value per Ordinary Class A share at the time of exercise. If exercised, the Merchant’s beneficial ownership will be limited to 4.999 % of the Group’s outstanding ordinary shares unless the Merchant waives this limit upon providing 61 days ’ notice. The Group determined the Warrant is (i) a payment to a customer related to a revenue contract that is within the scope of IFRS 15, and (ii) an equity-settled share-based payment that falls within the scope of IFRS 2. Accordingly, the fair value of the Warrant was accounted for as a reduction in revenue upon commencement of the service agreement. On November 15, 2023, a warrant holder exercised its net issuance right, resulting in the net issuance of 6,334,134 shares at a Fair Market Value of $ 18.098 per share. The Fair Market Value was calculated based on the average price over the five business days preceding the exercise date. Set out below is a summary of the warrants granted: 2023 2022 Average Average exercise price exercise price per share per share warrant Number of warrant Number of (U.S. Dollars) warrants (U.S. Dollars) warrants As of January 1 0.57 15,213,587 0.57 15,213,587 Exercised during the year 0.57 ( 6,541,087 ) — — As of December 31 0.57 8,672,500 0.57 15,213,587 Vested and exercisable at December 31 0.57 8,672,500 0.57 15,213,587 No warrants expired during the periods covered by the above table. All warrants expire on January 1, 2026 .
Leases and right of use assets	2.12. Leases and right of use assets IFRS 16, Leases, applies to all leases with the exception of licenses of intellectual property rights held by licensing agreements within the scope of IAS 38, Intangible Assets and service concession arrangements. When the Group is the lessee, it is required to recognize both: ▪ A lease liability, measured at the present value of remaining cash flows on the lease; and ▪ A right-of-use (“ROU”) asset, measured at the amount of the initial measurement of the lease liability, plus any lease payments made prior to commencement date, initial direct costs, and estimated costs of restoring the underlying asset to the condition required by the lease, less any lease incentives received. The lease agreement can be extended for 1 -month terms following the expiration of the base lease term unless the Company elects to terminate the agreement . The net present value of lease liabilities generally include the following: • fixed payments (including in-substance fixed payments), less any lease incentives receivable; • variable lease payment based on an index or a rate, initially measured using the index or rate as of the commencement date; • amounts expected to be payable by the Group under residual value guarantees; • amounts required to be paid upon exercise price of a purchase option if the Group is reasonably certain to exercise that option; and • penalties resulting from the termination of a lease if the lease term assumes the Group will exercise its termination option. If renewals are reasonably certain of being exercised, payments required under such renewal terms are included in the measurement of the lease liability. The lease liability will subsequently increase for the accrual of interest, resulting in a constant rate of return throughout the life of the lease, and reduce when payments are made. The ROU asset will amortize to the income statement over the life of the lease. The lease liability is remeasured when there is a change in one of the following: ▪ Future lease payments arising from a change in an index or rate; ▪ The Group’s estimate of the amount expected to be payable under a residual value guarantee; or ▪ The Group’s assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured, a corresponding adjustment is made to the carrying amount of the ROU asset or is recorded in the Statement of Comprehensive Income if the carrying amount of the ROU asset has been reduced to nil. On the balance sheet, the ROU assets are included within property, plant and equipment and the lease liabilities are in separated lines. Short-term Leases The Group applies the recognition exemption in IFRS 16 for leases with a term not exceeding 12 months. For these leases, the lease payments are recognized as an expense on a straight­line basis over the lease term unless another systematic basis is more appropriate. The Group has executed lease contracts of one year or less in the following countries: Malta, Israel, Brazil, China, Chile, Colombia, India, Singapore, and Argentina . In those locations, the Group utilizes co-working facilities that are subject to short-term contractual arrangements. Several suitable alternatives exist in each location. This provides maximum flexibility to increase, reduce or terminate these arrangements based on changes in the Group’s operating plans while minimizing relocation and buildout costs. These locations do not require company-specific infrastructure, and the cost of returning the leased asset is insignificant. Upon expiration of each contract, the Group reassesses whether to extend or terminate the agreement based on the level of local activity, market trends and strategic plans for each location. Lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for the Group leases, the incremental borrowing rate is used. The incremental borrowing rate represents the cost to borrow the funds necessary to acquire an asset of similar value in a similar economic environment with similar terms, security and conditions. To determine the incremental borrowing rate, the Group: • uses recent third-party financing received by the individual lessee where possible, adjusted to reflect changes in financing conditions since the applicable third party financing was received; or • derives the incremental borrowing rate using the risk-free interest rate, adjusted for credit risk for leases held by the Group, which does not have recent third-party financing, and makes adjustments specific to the lease. The Group does not have any restrictions or covenants imposed by the lessor on its property leases which restrict its businesses
Equity	2.13. Equity Common shares are presented within shareholders’ equity. Incremental costs directly attributable to the issuance of new ordinary shares or options to acquire common shares are recognized as a reduction of shareholders’ equity, net of tax, from issuance proceeds. The calculation of basic and diluted earnings per share is based on the profit attributable to equity holders of the Group parent and the basic and weighted average number of shares excluding treasury shares held. When calculating the diluted earnings per share, the weighted average number of shares in issue is adjusted for the effects of all expected dilutive potential ordinary shares held in respect of the Group. The Group presents common shares it has repurchased as its own shares, which are initial recognized as the cost to repurchase such shares and presented as a reduction from shareholders’ equity.
Revenue	2.14. Revenue dLocal provides payment processing services to merchants as follows: • dLocal specializes in local payments so that merchants can reach consumers located in emerging markets. On a recurring basis merchants and their customers are exchanging goods and services while dLocal provides the payment solution to that relationship. dLocal does not have any obligation to provide such goods or services between the merchant and its customer but is responsible for processing payments through its platform; • dLocal only processes the payment through its platform when a complete authorization request was made by the merchant. The authorization request shall be made by transmitting the authorization data of the transaction to dLocal; • dLocal contracts with service providers for the authorization, processing and settlement services performed by payment schemes networks and card issuers; • dLocal is not responsible for the credit risk or the chargebacks risk of the cardholder (i.e., the merchant customer). The merchant is responsible for the credit checks. dLocal earns revenues from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions in emerging markets. These fees are primarily generated on a per approved transaction basis as either a fixed fee per transaction or fixed percentage per transaction. dLocal also earns foreign exchange fees on cross-border transactions defined as transactions in which the merchant and its customer are in different countries and dLocal converts currencies and transfers funds between countries, as required by the merchant. Foreign exchange fees are usually determined based on a percentage or a fixed fee. dLocal’s service offering comprises a single performance obligation to complete payments via its platform for merchants and their customers. Revenues from contracts with customers are recognized as control of services is transferred to the customer at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those services in the ordinary course of Group’s activities. The Group applies the following five steps: 1. Identification of the contract with a client (i.e., merchant). 2. Identification of the performance obligations in the contract. 3. Determination of the transaction price. 4. Allocation of the transaction price to the performance obligations in the contract. 5. Recognition of revenue when or as the entity satisfies a performance obligation. dLocal performs two types of transactions: • Pay-ins : are transactions where dLocal collects money in local currency in emerging markets countries and makes it available for merchants in their requested currency and country, after a settlement period. Revenue for this type of transaction is recognized when the authorized transaction is processed. This type of revenue is recognized at a point in time. • Pay-outs : are transactions where dLocal collects money from its merchants in the countries and currencies of preference and then disburses money in local currency in emerging markets countries according to the merchants’ instructions. Revenue for this type of transaction is recognized upon completing the pay-out of an authorized transaction in local currency. This type of revenue is recognized at a point in time. dLocal’s contracts with merchants are usually open-ended and can be terminated by either party without a termination penalty after the notice period has lapsed. dLocal’s contracts are, therefore, defined at the transaction level and do not extend beyond the service already provided. Revenue from contracts with merchants comprises: Transaction revenues The Group recognizes fees charged to merchants as transaction revenue and fees incurred in processing payments as cost of services. Fees earned from merchants are presented as gross revenue due to the following considerations which indicate the Group controls the payment processing services and acts as the Principal: • The Group bears primary responsibility to merchants for the fulfillment of the payment service; • The Group contracts directly with merchants and there is no contractual relationship between merchants and payment processors (i.e., the service providers); • The Group has independently negotiated arrangements with payment processors; • The established fees are independent of the costs incurred from payment processors and the Group, therefore, has full margin risk for each transaction; • In cross border transactions, the Group or the merchants may bear foreign exchange risk depending on each agreement. The foreign exchange fees charged to merchants are based on a fixed fee per transaction or fixed percentage of the transaction value. When the Group bears the foreign exchange risk, it occurs from the time the transaction in local currency is authorized until the Group converts the money to foreign currency (USD or EUR for pay-ins) and from the time the Group receives the money from the merchant until the Group converts the money to local currency (for pay-outs); • The Group bears credit risk from the agents and third-party processors, acquirers and collection entities for the payment settlement. These processors collect funds from the end consumers’ financial institutions and are required to pay the proceeds from these transactions. dLocal is not insured against credit losses. If a processor or acquirer becomes insolvent, files for bankruptcy, commits fraud or otherwise fails to pay amounts owed to dLocal when due, dLocal must nonetheless process the payment transaction for the benefit of merchants and end consumers. Merchants are liable for any charges properly reversed by the card issuer on behalf of the cardholder. Transaction revenues are recognized as revenue at a point in time when an authorized payment transaction is processed. Transaction revenues are those that are directly related to the volume of payments processes in dollars or in quantity of transactions. Transaction revenues are comprised by: • Processing fees: based on a percentage or fixed fee per approved transaction; • Installment fees: corresponds to the fee applied to those transactions created with installments, and can be applied to the merchant or to the end users; • Foreign Exchange Fees: in cross-border transactions, a spread is applied to the exchange rate used for the currency conversion and can be based on a percentage or fixed fee; • Other transactional fees: mainly corresponds to fees charged for each chargeback and refunds dLocal has to manage and dispute, and other transactional fees. Other revenues Other revenues are comprised of initial setup fees, minimum monthly fees, maintenance fees and transfer fees the Group is entitled to from its merchant customers. Other revenues are recognized at a point in time when the performance obligation is satisfied.
New accounting pronouncements	2.15. New accounting pronouncements The accounting policies and methods of computation adopted in the preparation of these Consolidated Financial Statements are consistent with those followed in the preparation of the Group annual Consolidated Financial Statements for the year ended December 31, 2022. The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective. A number of new or amended standards became applicable for the current reporting period. The Group did not change its accounting policies or make retrospective adjustments as a result of new accounting standards made applicable on January 1, 2023, but improved the disclosure of material accounting policies as required by the amendments of IAS 1. Effective for Periods beginning on or after January l, 2023 The following amendments have been issued by IASB and are effective for the year ended December 31, 2023. Those amendments, however, did not have material impacts on the amounts recognized on this Consolidated Financial Statements. • Disclosure of Accounting Policies – Amendments to IAS 1 and IFRS Practice Statement 2; • Definition of Accounting Estimates – Amendments to IAS 8; and • Amendments to IAS 12 - International Tax Reform (Pillar Two Model Rules) and Deferred Tax related to Assets and Liabilities arising from a Single Transaction New accounting pronouncements Certain amendments to accounting standards have been published that are not mandatory for December 31, 2023 reporting periods and have not been early adopted by the Group. These amendments are not expected to have a material impact on the Group in the current reporting periods and management is assessing impact on future periods and on foreseeable future transactions. The Group did not change its accounting policies or make retrospective adjustments as a result of new accounting standards made applicable on January 1, 2023.

Presentation and Preparation _3

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Schedule of Exchange Rate of Currencies	The following table reflects the exchange rates of the currencies used by the Group compared to the USD during the twelve months ended December 31, 2023 and 2022: Average rate Year-end spot rate 2023 2022 Dec 31, 2023 Dec 31, 2022 Argentina (ARS/USD) 633.6 132.1 808.5 176.7 Brazil (BRL/USD) 4.9 5.2 4.9 5.3 Chile (CLP/USD) 875.8 872.3 879.0 851.1 Colombia (COP/USD) 3,939.9 4,273.1 3,854.9 4,852.5 Costa Rica (CRC/USD) 526.7 642.7 523.0 593.2 Dominican Republic (DOP/USD) 57.4 55.0 58.1 56.2 Ecuador (USD/USD) 1.0 1.0 1.0 1.0 Egypt (EGP/USD) 30.9 19.3 30.9 24.7 Guatemala (GTQ/USD) 7.8 7.8 7.8 7.8 India (IRN/USD) 83.2 78.8 83.2 82.7 Indonesia (IDR/USD) 15,494.5 14,880.2 15,397.0 15,568.0 Israel (NIS/USD) 3.7 3.4 3.6 3.5 Malaysia (MYR/USD) 4.7 4.5 4.6 4.4 Malta (EUR/USD) 1.1 0.9 1.1 0.9 Mexico (MXN/USD) 17.2 20.1 17.0 19.5 Morocco (MAD/USD) 10.0 10.2 9.9 10.4 Nigeria (NGN/USD) 844.4 427.2 911.7 460.8 Panama (USD/USD) 1.0 1.0 1.0 1.0 Paraguay (PYG/USD) 7,339.6 7,007.8 7,275.0 7,247.8 Peru (PEN/USD) 3.7 3.8 3.7 3.8 Singapore (SGD/USD) 1.3 1.4 1.3 1.3 South Africa (ZAR/USD) 18.6 16.4 18.4 17.0 Uruguay (UYU/USD) 39.2 41.1 38.9 39.9
Summary of Depreciation Is Calculated on a Straight-Line Basis Over the Estimated Useful Lives	Computer Equipment 3 year s Building Improvements 10 years An item of property, plant and equipment is derecognized upon disposition or when future economic benefits are expected from its use or disposal
Summary of the Warrants Granted	Set out below is a summary of the warrants granted: 2023 2022 Average Average exercise price exercise price per share per share warrant Number of warrant Number of (U.S. Dollars) warrants (U.S. Dollars) warrants As of January 1 0.57 15,213,587 0.57 15,213,587 Exercised during the year 0.57 ( 6,541,087 ) — — As of December 31 0.57 8,672,500 0.57 15,213,587 Vested and exercisable at December 31 0.57 8,672,500 0.57 15,213,587

Consolidation of subsidiaries (

Consolidation of subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
Summary of Consolidated Financial Statements of Group include the Subsidiaries	The Consolidated Financial Statements of the Group include the following subsidiaries, each of which serves a different vertical or a provides a specific service according to the needs of the Group: % of equity interest held by Dlocal Entity name Country of incorporation Principal activities 2023 2022 Dlocal Group Limited Malta Holding Company 100 % 100 % Dlocal Limited Malta Payments provider 99.999 % 99.999 % Dlocal Markets Limited Malta Holding Company 100 % 100 % Dlocal Hold Ops Limited Cayman Islands Holding Company 100 % (3) 100 % Dlocal LLP United Kingdom Payments provider 99.999 % 99.990 % Dlocal Corp LLP United Kingdom Payments provider 99.99 % 99.99 % Dlocal OpCo UK LTD United Kingdom Payments provider 100 % (3) 100 % Dlocal Inc. United States of America Holding Company - (4) 100 % Dlocal Technologies S.A. Uruguay Service provider 100 % 100 % Dlocal Uruguay S.A. Uruguay Collection entity 100 % 100 % Dlocal PTE Limited Singapore Holding Company 100 % 100 % Dlocal Argentina S.A. Argentina Collection entity 100 % 100 % Demerge Arg. S.A. Argentina Service provider 100 % 100 % Dlocal Services Arg S.A. Argentina Service provider 100 % 100 % Demerge Services Arg S.A. Argentina Service provider 100 % (3) 100 % DLocal Bangladesh Limited Bangladesh Collection entity 100 % 100 % Demerge Bolivia S.R.L. Bolivia Collection entity 97 % (3) 100 % Dlocal Brasil Holding Financeira Brazil Holding Company 100 % 100 % Dlocal Brasil Instituição de Pagamento S.A. Brazil Collection entity 100 % 100 % Demerge Brasil Facilitadora de Pagamentos Ltda. Brazil Collection entity 100 % 100 % Webpay Brasil Pagamentos Ltda. Brazil Collection entity 100 % (3) 100 % Demerge Cameroun SARL Cameroon Collection entity 100 % (3) 100 % Dlocal Chile SPA Chile Collection entity 100 % 100 % Demerge Chile SPA Chile Collection entity 100 % 100 % Pagos y Servicios Limitada Chile Collection entity 99 % 99 % FCA Chile 2 Spa Chile Collection entity 100 % (3) 100 % Dlocal Colombia S.A.S. Colombia Collection entity 100 % 100 % Demerge Colombia S.A.S. Colombia Collection entity 100 % 100 % Kupa Colombia S.A.S. Colombia Collection entity 100 % (3) 100 % Dlocal Costa Rica SRL Costa Rica Collection entity 100 % (3) 100 % Demerege Ecuador S.A. (1) Ecuador Collection entity 100 % 100 % Dlocal Egypt LLC Egypt Collection entity 100 % 100 % Dlocal El Salvador S.A de C.V. El Salvador Collection entity 99.95 % (3) 100 % dLocal Ghana Limited Company Ghana Collection entity 100 % (3) 100 % Demerge Guatemala S.A. Guatemala Collection entity 99.94 % (3) 100 % Dlocal Honduras S.A. Honduras Collection entity 100 % (3) 100 % Depansum Solutions Private Limited India Collection entity 99 % 99 % Dlocal India Pvt Limited India Collection entity 99.99 % 99.99 % Guisol Solutions Private Limited India Collection entity 100 % (3) 100 % PT Dlocal Solutions Indonesia Indonesia Collection entity 99 % 100 % Dlocal Israel Limited Israel Service provider 100 % 100 % Dlocal SARL Ivory Coast Collection entity 100 % (3) 100 % Demerge Japan Ltd Japan Collection entity 100 % (3) 66.6 % Dlocal Payments Kenya Limited Kenya Collection entity 90 % (3) 100 % Depansum Malaysia SDN. BHD. Malaysia Collection entity 95 % (3) 100.0 % Demerge Mexico S.A. de C.V. Mexico Collection entity 99.99 % 99.999 % Dlocal Mexico S.A. DE C.V. Mexico Collection entity 99.99 % 99.999 % Dlocal Technologies Mexico S.A. DE C.V. Mexico Service provider 99.99 % 100 % DLocal Morocco SARL AU Morocco Collection entity 100 % 100 % Demerge Nigeria Limited Nigeria Collection entity 100 % 100 % Dlocal Panama S.A. Panama Collection entity 100 % 100 % Dlocal Paraguay S.A. Paraguay Collection entity 100 % 100 % Demerge Peru S.A.C. Peru Collection entity 99 % 99 % Depansum Perú S.A.C Peru Collection entity 100 % (3) 100 % Dlocal Payments Philippines Incorporated Philippines Collection entity 100 % (3) 100 % Demerge República Dominicana SAS Dominican Republic Collection entity 99.99 % 99.99 % Dlocal Rwanda Ltd. Rwanda Collection entity 100 % (3) 100 % Depansum PTY Limited South Africa Collection entity 100 % 100 % DLP South Africa PTY Ltd. South Africa Collection entity 100 % (3) 100 % Dlocal Tanzania LTD Tanzania Collection entity 99 % (3) 100 % Demerge (Thailand) Co. LTD (2) Thailand Collection entity 49 % (3) 49 % Dlocal Uganda LTD Uganda Collection entity 100 % (3) 100 % Dlocal Payment Services L.L.C. United Arab Emirates Collection entity 100 % (3) 100 % Dlocal US LLC United States of America Service provider 100 % (3) 100 % Dlocal Holding Uruguay S.A. (Formerly CILFUR S.A.) Uruguay Service provider 100 % (3) 100 % DEMERGE URUGUAY S.A. (Formerly 'Maubek S.A.') Uruguay Service provider 100 % (3) 100 % DLOCAL SERVICES URUGUAY S.A. (Formerly 'Harpot S.A.') Uruguay Collection entity 100 % (3) 100 % Dlocal Vietnam Company Limited Vietnam Collection entity 100 % (3) 100 % Depansum Arg S.A. Argentina Collection entity 99 % (5) - Demerge España SL Spain Collection entity 100 % (5) - Demerge Senegal SAURL Senegal Collection entity 100 % (5) - PT Dlocal Services Gateway (Indonesia) Indonesia Collection entity 85 % (5) - PT Dlocal Payment Solutions (Indonesia) Indonesia Collection entity 85 % (5) - Depansum Limited (Kenya) Kenya Collection entity 99 % (5) - Dlocal Developments Arg S.A. Argentina Collection entity 95 % (5) - Dlocal Payments Private Limited (India) India Collection entity 99 % (5) - Dlocal Nigeria Limited Nigeria Collection entity 99.99 % (5) - Kupa IMTO Nigeria Limited Nigeria Collection entity 99.99 % (5) - Delocal Al-Arabia Co. (Saudi Arabia) Saudi Arabia Collection entity 100 % (5) - (1) Although dLocal was the owner of 0.15 % of Demerege Ecuador S.A., the Group controls its operations according to the guidelines in IFRS 10. On July 1, 2022, dLocal acquired the remaining 99.85 % of the subsidiary. (2) Although dLocal is the owner of 49 % of Demerge (Thailand) Co. LTD, the Group controls its operations and has de facto control according to the guidelines in IFRS 10. (3) The Group has determined that the acquisition or incorporation of these subsidiaries during 2022 does not constitute a business according to IFRS 3. A business is defined in IFRS 3 as “an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income (such as dividends or interest) or generating other income from ordinary activities”. (4) DLocal Inc. was liquidated on July, 2023. (5) New subsidiaries incorporated during 2023.

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Operating Segments [Line Items]
Summary of Group Reconciles Adjusted EBITDA and Adjusted EBITDA Margin to Profit	Note December 31, 2023 December 31, 2022 December 31, 2021 Profit for the year (i) 149,086 108,697 77,853 Income tax expense 12 29,428 11,586 7,647 Inflation adjustment 11 12,537 1,037 334 Finance income 11 ( 128,228 ) ( 18,078 ) ( 2,540 ) Finance costs 11 116,834 24,668 544 Other operating loss / (gain) — 697 ( 2,896 ) Impairment (gain) / loss on financial assets (ii) 16, 17 ( 3,136 ) 5,534 33 Depreciation and amortization 10 12,225 8,147 4,747 Secondary offering expenses (iii) — 89 5,158 Transaction costs (iv) — — 687 Other non-recurring costs (v) 8 1,663 2,014 — Share-based payment non-cash charges, net of forfeitures 13 11,922 8,684 7,590 Adjusted EBITDA 202,331 153,075 99,157 Revenues 6 650,351 418,925 244,120 Adjusted EBITDA 202,331 153,075 99,157 Adjusted EBITDA Margin 31.1 % 36.5 % 40.6 % Profit Margin 22.9 % 25.9 % 31.9 % (i) Includes a net gain of USD 17,433 re lated to the effective portion of foreign currency hedge, which has been presented on a net basis against a foreign exchange loss of USD 17,656 (together with a net foreign exchange loss of USD 223 in cluded in Cost of Services). For further information refer to Notes 6(c)i, Note 11 (ii) and Note 24 Derivative financial instruments. (ii) USD 3,454 c orresponds to a recovery on deposits in FTX Trading Ltd. as compared to a provision of USD 5,576 in 2022 for expected loss of amounts on deposit in FTX Trading Ltd. (see note 17.ii). (iii) Corresponds to expenses incurred by dLocal in relation to a secondary offering of its shares occurred in 2021. (iv) Corresponds to costs related to the acquisition of PrimeiroPay in 2021. Other non-recurring costs related to an internal review of the allegations made by a short-seller report and class action expense, which include fees from independent counsel, independent global expert services and a forensic accounting advisory firm were included.
Summary of Payments from/to Such Customers	2023 YoY% 2022 YoY% 2021 LatAm 492,681 42.7 % 345,360 54.5 % 223,602 Brazil 158,997 89.2 % 84,025 40.8 % 59,698 Argentina 75,128 - 3.2 % 77,577 54.6 % 50,165 Mexico 116,835 71.8 % 68,000 103.7 % 33,376 Chile 55,666 6.1 % 52,464 43.7 % 36,497 Other countries 86,055 36.0 % 63,294 44.3 % 43,866 Non-LatAm 157,670 114.3 % 73,565 258.5 % 20,518 Nigeria 83,969 148.4 % 33,805 1762.5 % 1,815 Other countries 73,701 85.4 % 39,760 112.6 % 18,703 Total 650,351 55.2 % 418,925 71.6 % 244,120 During the years ended December 31, 2023, 2022 and 2021 , the Group had no revenues from customers domiciled in the Cayman Islands .

Revenues and Cost of Services (

Revenues and Cost of Services (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Revenues and Cost of Services [Line Items]
Breakdown of Revenue From Contracts With Customers Per Type of Service	The breakdown of revenue from contracts with customers per type of service is as follows: 2023 2022 2021 Transaction revenues (i) 637,053 415,444 241,814 Other revenues (ii) 13,298 3,481 2,306 Revenues from payment processing (iii) 650,351 418,925 244,120 Cost of services ( 373,492 ) ( 216,758 ) ( 113,677 ) Gross profit 276,859 202,167 130,443 (i) Transaction revenues are comprised of processing fees, foreign exchange fee, installment fee, chargebacks, refunds fee, and other transactional fees. These fees are recognized as revenue at a point in time when a payment transaction, or its reversal in the case of chargeback and refunds, has been processed. (ii) Other revenues are mainly comprised of minor fees, such as initial setup fees, maintenance fees, minimum monthly fees, and small transfer fees. (iii) During the year ended December 31, 2022 revenues included an amortization charge of USD 567 and USD 200 during the year ended December 31, 2021 , related to prepaid assets. There is no amortization charge for the year ended December 31, 2023.
Summary of Cost of Services	Cost of services are comprised of the following: 2023 2022 2021 Processing costs (i) 356,295 206,223 107,276 Hosting expenses (ii) 6,235 4,331 3,351 Salaries and wages (iii) 2,252 1,411 706 Amortization of intangible assets (iv) 8,710 4,793 2,344 Total 373,492 216,758 113,677 (i) Includes fees financial institutions (e.g., banks, local acquirers or payment methods) charge the Group, typically as percentage of the transaction value, but in certain cases, as a fixed fee in the case of pay-outs in relation to payment processing, cash advances, and installment payments. Such fees vary by financial institution and typically depend on the settlement period contracted with such institution, the payment method used and the type of product (e.g., pay-in or a pay-out). These fees also include conversion and expatriation or repatriation costs charged by banks and brokers. During the year ended December 31, 2023 such fees include USD 223 as a result of a net gain on the effective portion of the hedge of USD 17,433 , which offset foreign exchange losses from the hedged items of USD 17,656 in relation to processed volume between the processing date and date of expatriation or repatriation of the applicable funds (foreign exchange losses of USD 273 and USD 2,100 in 2022 and 2021, respectively). (ii) Expenses related to hosting services for the Group’ s payment platform. (iii) Consist of salaries and wages of the operations department directly involved in the day-to-day operations. For further detail refer to Note 9: Employee Benefits. (iv) Represents the amortization of capitalized internally generated software (i.e., d.Local’ s payment platform). For further detail refer to Note 20: Intangible Assets.

Technology and Development Ex_2

Technology and Development Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Summary of Technology and Development Expenses	Technology and development expenses consist of the following: 2023 2022 2021 Salaries and wages (i) 5,805 2,969 1,381 Software licenses (ii) 3,213 1,294 487 Infrastructure expenses (iii) 2,279 1,496 792 Information and technology security expenses (iv) 442 298 176 Other technology expenses 911 291 550 Total 12,650 6,348 3,386 (i) Consists primarily of fulltime equivalents (“FTE”)’ compensation related to product and technology development, excluding capitalized salaries and wages related to internally generated software. For further detail on total salaries and wages refer to Note 9: Employee Benefits. (ii) Consists of software licenses used exclusively by the technology development department for the development of the platform. (iii) Represents information technology costs to support the Group’s infrastructure and back-office operations. (iv) Represents expenses incurred to monitor the security of our network and platform.

Sales and Marketing Expenses _2

Sales and Marketing Expenses and General and Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Material income and expense [abstract]
Summary of Sales and Marketing Expenses and General and Administrative Expense	Sales and marketing expenses and General and administrative expense are comprised of the following: Sales and marketing expenses 2023 2022 2021 Salaries and wages (i) 13,344 10,800 5,126 Marketing expenses (ii) 3,776 2,535 790 Total 17,120 13,335 5,916 General and administrative expenses 2023 2022 2021 Salaries and wages (iii) 36,727 24,697 20,827 Third-party services (iv) 18,500 12,431 12,632 Office expenses (v) 4,886 3,106 2,445 Travel and other operating expenses 6,940 4,755 2,330 Amortization and depreciation (vi) 3,515 3,354 2,403 Total 70,568 48,343 40,637 (i) Represents salaries and wages related to FTE’s the Group’s Sales and marketing department. For further detail on total salaries and wages refer to Note 9: Employee Benefits. (ii) Represents expenses related to trade marketing events, the distribution and production of marketing and advertising campaigns mostly related to public relations expenses, third-party sales commissions, and online performance marketing. (iii) Represents salaries and wages related to administrative FTE’s. For further detail on total salaries and wages refer to Note 9: Employee Benefits. (iv) Includes Advisors’ fees, Legal fees, Auditors’ fees and Human resources services fees. In 2023, third-party services included costs o f USD 1,663 ( 2,014 in 2022) related to an internal review of allegations made by a short-seller, including fees from independent counsel, independent global expert services and forensic accounting advisory firm. In 2021, third-party services included USD 5,158 of Secondary offering expenses, and transaction costs related to the acquisition of PrimeiroPay assets. (v) Represents office rent and related expenses. (vi) Includes the amortization of right-of-use assets, intangible assets and depreciation of property, plant and equipment. Refer to Note 10: Amortization and Depreciation, for further detail.

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Employee Benefits	Employee benefits costs were comprised of the following: 2023 2022 2021 Salaries, wages and contractor fees (i) 62,900 42,550 27,535 Share-based payments (ii) 11,922 8,684 7,590 Total 74,822 51,234 35,125 (i) Salaries, wages and contractor fees include social security costs and annual bonuses. During the year end December 31, 2023 USD 16,694 of salaries, wages and contract fees were capitalized (USD 11,357 in 2022 and USD 7,085 in 2021). (ii) Represents compensation expenses stemming from share-based arrangements settled in the Group’s common shares. For further information refer to Note 2.11: Share-based payments and warrants contracts.

Amortization and Depreciation (

Amortization and Depreciation (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Transactions Between Related Parties [Line Items]
Summary of Amortization and Depreciation Expenses	Amortization and depreciation expenses are composed of the following: 2023 2022 2021 Amortization of intangible assets (Note 20) 10,816 6,891 3,917 Right-of-use asset amortization (Note 19) 627 518 453 Depreciation of Property, plant & equipment (Note 18) 782 738 377 Total 12,225 8,147 4,747

Other Results (Tables)

Other Results (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Results [Line Items]
Summery of Other Results	Other results consist of the following categories: 2023 2022 2021 Interest Income from Financial Instruments (i) 49,588 18,114 2,556 Fair value gains / (losses) of financial assets at FVPL (i) 78,640 ( 36 ) ( 16 ) Finance income 128,228 18,078 2,540 2023 2022 2021 Finance expense related to derivative financial instruments (ii) ( 28,013 ) ( 18,763 ) — Other finance expenses (iii) ( 88,243 ) ( 5,728 ) ( 402 ) Interest charges for lease liabilities (iv) ( 578 ) ( 177 ) ( 142 ) Finance costs ( 116,834 ) ( 24,668 ) ( 544 ) Inflation adjustment (v) ( 12,537 ) ( 1,037 ) ( 334 ) Total ( 1,143 ) ( 7,627 ) 1,662 (i) Includes financial income and gains resulting from the remeasurement of short-term liquid financial instruments and financial assets measured at fair value through profit and loss. For further detail refer to Note 15: Financial assets at fair value through profit or loss. (ii) Represents the rate implicit in derivative financial instruments not designated as hedging instruments that the Group entered into during the year ended December 31, 2023. The Group elected to separate the spot element from the forward element of the derivative foreign exchange instruments and designated as hedging instrument the changes in the fair value of the spot element. Changes in the fair value of the hedging portion of the derivative contract are recognized within Costs of Services while changes in the fair value of the non-designated portion; i.e. the forward element, are presented within Finance Costs. For further information refer to Note 24 Derivative financial instruments. (iii) Includes interest charges for borrowings, foreign exchange losses and other interests. In 2023, includes foreign exchange losses of USD 82,620 which was mainly generated by an intra-group loan denominated in US Dollar between subsidiaries located in Argentina and Malta. For further information refer to Note 28 (a) Related Party Transactions. (iv) Finance costs associated with lease liabilities resulting from the application of IFRS 16 Leases. For further information refer to Note 19: Leases. (v) As required by IAS 29, the financial statements of the Group’s Argentina subsidiary was restated to reflect the purchasing power of the hyperinflationary currency. Therefore, a loss on net monetary position was recognized during the year ended December 31, 2023.

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Income Taxes [Line Items]
Summary of Charge for Current Taxation Rates on Taxable Profit	The charge for current taxation has been calculated at the following rates on the taxable profit generated from the countries in which the Group operates: Malta 5 % (a) Israel 23 % Cayman Islands 0 % Mexico 30 % United Kingdom 0 % and 19 % (b) India 22 % Brazil 34 % (c) Chile 27 % Colombia 35 % Peru 29.5 % Argentina 25 %, 30 % and 35 % (d) Morocco 28.3 % Ecuador 25 % Egypt 22.5 % Uruguay 25 % South Africa 27 % Panama 25 % Nigeria 30 % Paraguay 10 % Indonesia 22 % Guatemala 25 % Honduras 25 % Nicaragua 30 % Philippines 20 % Rwanda 30 % and 28 % (e) Singapore 17 % Kenya 30 % Malaysia 24 % Tanzania 30 % Thailand 0 % Uganda 20 % United Arab Emirates 0 % United States of America 21 % Vietnam 20 % Ivory Coast 25 % Japan 22 % El Salvador 25 % Ghana 25 % Bangladesh 28 % Cameroon 29 % Dominican Republic 27 % Costa Rica 30 % Bolivia 25 % Ireland 12.5 % Saudi Arabia 20 % Senegal 30 % Spain 25 % (a) In 2020, the Group elected to form a fiscal unit for itself and its ‘Qualifying subsidiary’. Total chargeable income of the fiscal unit, this resulted in the application corporate tax rate of 5 % to total chargeable income allocated to the principal taxpayer. (b) DL ocal LLP and dLocal Corp LLP are tax transparent UK partnerships subject to 0 % income tax, dLocal OpCo UK LTD is subject to an income tax rate of 19 %. (c) Comprise IRPJ ( Imposto de Renda de Pessoa Juridica ) at the rate of 25 % and CSLL ( Contribuição Social sobre o Lucro Liquido ) at the rate of 9 %. (d) Progressive income tax rates: 25 %, 30 % and 35 % depending on the tax result. (e) Income tax rate changed from 28 % to 30 % after September 14, 2023 because of change in local legislation.
Summary of Income Tax Charge Recognized in Profit and Losses	The income tax charge recognized in profit and losses included the following: Current Income Tax 2023 2022 2021 Current Income Tax on profits for the year ( 31,924 ) ( 11,682 ) ( 6,940 ) Total Current Income Tax expense ( 31,924 ) ( 11,682 ) ( 6,940 ) Deferred income tax 2023 2022 2021 Increase/(decrease) in deferred income tax assets 1,757 229 ( 83 ) Increase/(decrease) in deferred income tax liabilities 739 ( 133 ) ( 624 ) Total Deferred income tax benefit / (expense) 2,496 96 ( 707 ) Income Tax expense ( 29,428 ) ( 11,586 ) ( 7,647 )
Summary of Deferred Tax Assets / Liabilities	Deferred Tax Assets The balance comprises temporary differences attributable to: 2023 2022 2021 Tax Losses 233 348 31 Accrued Liabilities 773 99 318 Exchange differences 89 — — Other (i) 1,193 51 24 Total 2,288 498 373 (i) In 2023, includes temporary differences of USD 1,112 regarding the tax effect of the interest expense generated on the intra-group loan between subsidiaries in Argentina and Malta. Deferred Tax Liabilities The balance of Deferred Tax Liabilities is comprised of temporary differences attributable to: 2023 2022 2021 Accrued receivables 353 946 900 Other 471 206 223 Total 824 1,152 1,123
Summary of Movements in Deferred Tax Assets	Movements: Tax losses Accrued liabilities Exchange differences Other Total At January 1, 2023 348 99 — 51 498 (Charged) / Credited to profit & loss ( 115 ) 674 89 1,142 1,790 At December 31, 2023 233 773 89 1,193 2,288 Tax losses Accrued liabilities Exchange differences Other Total At January 1, 2022 31 316 0 26 373 Credited / (Charged) to profit & loss 317 ( 217 ) 0 25 125 At December 31, 2022 348 99 — 51 498
Summary of Movements in Deferred Tax Liabilities	Movements: Accrued Other Total At January 1, 2023 946 206 1,152 Credited / (charged) to profit & loss ( 593 ) 265 ( 328 ) At December 31, 2023 353 471 824 At January 1, 2022 900 223 1,123 Credited / (charged) to profit & loss 46 ( 17 ) 29 At December 31, 2022 946 206 1,152
Summary of Reconciliation of Effective Tax Rate	The Group’s effective Income Tax rate in 2023 was 16.5 % ( 9.6 % and 8.9 % in the years ended December 31, 2022 and 2021, respectively). For 2023 and 2022, the Group applied for fiscal consolidation in Malta resulting in a domestic rate o f 5 % ( fiscal consolidation was not applied for 2021, resulting in a domestic rate o f 35 % with a 30 % o f tax refund). The reconciliation between the effective Income Tax rate and the statutory rate in Malta of 5 % in 2023 and 2022, an d 35 % f or fiscal year 2021 was as follows: 2023 2022 2021 Profit before Income Tax 178,514 120,283 85,500 Tax at the domestic rates applicable to profit before income tax in the ( 8,926 ) ( 6,014 ) ( 4,275 ) Permanent differences: Tax effect of non-taxable income 822 555 3,369 Effects from entities taxes with different rates (1) ( 15,930 ) ( 5,440 ) ( 3,127 ) Other permanent differences (2) ( 5,394 ) ( 687 ) ( 3,614 ) Total ( 29,428 ) ( 11,586 ) ( 7,647 ) (1) Increase mainly refers to a higher proportion of taxable income from emerging markets subject to income tax rate exceeding the statutory rate in Malta of 5 %. (2) During the year ended December 31, 2023, other permanent differences included non-deductible expenses of USD 1,868 (USD 1,088 in 2022) and by other permanent differences for USD 3,525 (USD 401 in 2022), which include USD 1,472 of hyperinflation adjustment in Argentinian subsidiaries. During the year ended December 31, 2022 it also includes disallowed expenses of USD 678 and taxable income from subsidiaries not included in the Profit before Income Tax for USD 1,357 .

Capital Management (Tables)

Capital Management (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Classes Of Share Capital [Line Items]
Summary of Authorized Shares, Issued and Fully Paid-up Shares	Authorized shares, as well as issued and fully paid-up shares, are presented below: 2023 2022 Amount USD Amount USD Authorized Shares of USD 0.002 USD each Class A common shares 1,000,000,000 2,000 1,000,000,000 2,000 Class B common shares 250,000,000 500 250,000,000 500 Undesignated shares 250,000,000 500 250,000,000 500 1,500,000,000 3,000 1,500,000,000 3,000 Issued and Fully Paid Up Shares of USD 0.002 each Class A Common Shares 161,937,473 323 161,975,678 324 Class B Common Shares 134,054,192 268 134,054,192 268 295,991,665 591 296,029,870 592 Share Capital evolution Share Capital as of January 1 296,029,870 592 295,028,441 590 i) Issue of common shares at USD 0.002 663,897 — 1,136,375 2 ii) Warrant exercise (See note 2.11.2) 6,334,134 13 — — iii) Repurchase of shares ( 7,036,236 ) ( 14 ) ( 134,946 ) — Share capital as of December 31 295,991,665 591 296,029,870 592 2023 2022 Share Premium as of January 1 164,307 157,151 i) Issue of common shares at USD 0.002 5,051 9,177 ii) Warrant exercise (See note 2.11.2) 1,622 — iii) Repurchase of shares ( 97,915 ) ( 2,021 ) Share Premium as of December 31 73,065 164,307
Summary of Breakdown of Capital Reserves and Movements in Reserves	2023 2022 2021 Balances as of January 1 16,185 12,741 12,582 Share-options exercise (i) ( 4,898 ) ( 5,240 ) ( 6,898 ) Share-based payments charges (ii) 11,922 9,580 7,596 Forfeitures (ii) — ( 896 ) ( 6 ) Warrant exercise (See note 2.11.2) ( 1,634 ) — ( 533 ) Balance as of December 31 21,575 16,185 12,741 (i) During the year-ended December 31, 2023 and December 31, 2022 a total of 663,897 and 1,136,375 , respectively, share-options under the share-based payments plan were exercised. Consequently, the correspondent charge to Capital reserve was recycled into the Share premium line item within equity. (ii) In the year-ended December 31, 2023 , it includes the net expense related to the modification in the agreement of a former officer of the Company.
Summary of Breakdown of Reserves and Movements in Reserves	The following table shows a breakdown of the Consolidated Statement of Financial Position line item ‘Other Reserves’ and the movements in these reserves during the year: 2023 2022 2021 Cumulative Translation Adjustment Cumulative Translation Adjustment Cumulative Translation Adjustment Balances as of January 1 ( 1,448 ) ( 30 ) 119 Movement of other reserves ( 8,360 ) ( 1,418 ) ( 149 ) Balance as of December 31 ( 9,808 ) ( 1,448 ) ( 30 )
Summary of the Information Used as Base for Calculating Diluted Earnings Per Share	2023 2022 2021 Profit attributable to common shareholders (U.S. Dollars) 148,964,000 108,682,969 77,875,575 Weighted average number of common shares 291,982,305 295,623,702 287,121,304 Adjustments for calculation of diluted earnings per share(1) 10,976,123 17,514,944 21,809,000 Weighted average number of common shares for calculating diluted earnings per share 302,958,428 313,138,646 308,930,304 Basic earnings per share 0.51 0.37 0.27 Diluted earnings per share 0.49 0.35 0.25 (1) As of December 31, 2023 , reflects to the dilutive effect of i) 8,560,918 average shares related to share-based payment warrants ( 14,865,332 and 16,353,000 , respectively for the years ended December 31, 2022 and December 31, 2021); and ii) 2,415,205 average shares related to share-based payment plans with employees ( 2,649,612 and 5,456,000 , respectively for the years ended December 31, 2022 and December 31, 2021 ). As of December 31, 2023, excludes 2,619,434 potential common shares that are anti-dilutive related to granted stock options for which the exercise price is higher than the market price.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of cash and cash equivalents [line items]
Summary of Cash and Cash Equivalents	As of December 31, cash and cash equivalents was as follow: 2023 2022 Own Balances 222,808 247,833 Merchant Clients Funds 313,352 220,259 Total 536,160 468,092

Financial Assets at Fair Valu_2

Financial Assets at Fair Value Through Profit or Loss (Tables)	12 Months Ended
	Dec. 31, 2023
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Summary of Financial Assets	Financial assets include the following: 2023 2022 Debt instruments — 1,295 Bonds issued by the Treasury department of Argentina (i) 104,387 — Total 104,387 1,295

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Trade and Other Receivables [Line Items]
Summary of Trade and Other Receivables	Trade and Other Receivables of the Group are composed of the following: 2023 2022 Trade receivables 319,921 218,922 Loss allowance ( 459 ) ( 280 ) Trade receivables net 319,462 218,642 Advances and other receivables 43,912 21,804 Total 363,374 240,446
Summary of Impairment Losses	The following table presents the evolution of the Group’s loss allowance: 2023 2022 As of January 1 ( 280 ) ( 322 ) (Increase) / Decrease in loss allowance for trade receivables ( 318 ) 42 Write-off 139 — As of December 31 ( 459 ) ( 280 ) Net impairment (loss)/gain for trade receivables ( 318 ) 42

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Summary of Other Assets	Other assets are composed of the following: Current 2023 2022 Money held in escrow and guarantees due to: (i) 11,635 43,814 -Stand by credit letters required by merchants — 18,575 -Banks requirements 3,000 19,988 -Processors and others requirements 5,072 1,688 -Credit card requirements 3,563 3,563 Advance payments to merchants — 12,863 Rental guarantees 147 112 Deposits in brokers(ii) — 5,576 Loss allowance(ii) — ( 5,576 ) Total current Other Assets 11,782 56,789 (i) Includes own funds and investments held in escrow and guarantees required by processors, credit cards and merchants. In 2023, some merchants entered into stand by credit letters with banks that required the Group to maintain certain collaterals in such banks. Amounts held in escrow also include funds held in a pledge account to collateralize overdrafts and pre-settlements agreements with a bank. Finally, it also includes guarantees issued to processors and credit cards institutions. These agreements have short-term maturities. (ii) During 2022, the Company utilized FTX Trading Ltd. (“FTX”) services for the repatriation of funds from one country. On November 11, 2022, when FTX filed for Chapter 11 bankruptcy in the United States, the Company had deposits of USD 5,576 , whose withdrawals had not been processed by FTX. Such deposits were included in the loss allowance as of December 31, 2022. On December 28, 2023 the Group entered into an agreement with a third-party to sell 100 % of these deposits for an amount of USD 3,454 . Consequently, a gain of the same amount was recognized in December 31, 2023 as the Group collected the agreed amount. As of December 31, 2023 , the Group does not hold any positions in crypto assets.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Property Plant And Equipment [Line Items]
Summary of Property, Plant and Equipment	Property, Plant and Equipment of the Group correspond to computer equipment and building improvements that are stated at cost less accumulated depreciation. 2023 2022 Computer Building improvements Total Computer Building improvements Total Cost 2,810 1,257 4,067 1,823 1,257 3,080 Accumulated depreciation ( 1,115 ) ( 218 ) ( 1,333 ) ( 553 ) ( 42 ) ( 595 ) Opening book value, January 1 1,695 1,039 2,734 1,270 1,215 2,485 Additions 1,088 — 1,088 987 — 987 Disposals ( 123 ) — ( 123 ) — — — Depreciation of the year ( 656 ) ( 126 ) ( 782 ) ( 562 ) ( 176 ) ( 738 ) Total as of December 31 2,004 913 2,917 1,695 1,039 2,734 Cost 3,775 1,257 5,032 2,810 1,257 4,067 Accumulated depreciation ( 1,771 ) ( 344 ) ( 2,115 ) ( 1,115 ) ( 218 ) ( 1,333 )

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Leases [Line Items]
Summary of Lease Amounts Recognized in Consolidated Statements of Financial Position	Amounts recognized in the Consolidated Statements of Financial Position 2023 2022 Right-of-use assets Offices 3,689 3,934 3,689 3,934 2023 2022 Lease liabilities Current 626 686 Non-current 3,331 3,393 3,957 4,079
Summary of Lease Amounts Recognized in Consolidated Statements of Comprehensive Income	The Consolidated Statements of Comprehensive Income shows the following amounts relating to leases: 2023 2022 Amortization of right-of-use assets Offices 627 518 627 518 Interest charges for lease liabilities (included within Finance Costs line 578 177 Leases expense for short-term leases (included within General and 457 332

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Intangible Assets [Line Items]
Schedule of Detailed Information About Intangible Assets	The Group’s intangible assets include (i) capitalized expenses related to internally generated software and (ii) an acquired intangible asset acquired described in further detail below. The following table provides information about each class of the Group’s intangible assets held by the Group as of December 31, 2023 and 2022. Intangible assets are stated at cost less accumulated amortization: 2023 2022 At January 1, Internally generated software Acquired intangible assets Total Internally generated software Acquired intangible assets Total Cost 23,752 39,335 63,087 12,387 39,335 51,722 Accumulated amortization ( 7,973 ) ( 3,671 ) ( 11,644 ) ( 3,180 ) ( 1,573 ) ( 4,753 ) Opening book value as of January 1 15,779 35,664 51,443 9,207 37,762 46,969 Additions (i) 16,694 566 17,260 11,365 — 11,365 Amortization of the year ( 8,710 ) ( 2,106 ) ( 10,816 ) ( 4,793 ) ( 2,098 ) ( 6,891 ) Total as of December 31 23,763 34,124 57,887 15,779 35,664 51,443 Cost 40,446 39,901 80,347 23,752 39,335 63,087 Accumulated amortization ( 16,683 ) ( 5,777 ) ( 22,460 ) ( 7,973 ) ( 3,671 ) ( 11,644 ) (i) The additions of the year include USD 16,694 (USD 11,357 in 2022) related to capitalized salaries and wages.

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Trade and Other Payables [Line Items]
Summary of Trade and Other Payables	Trade and Other Payables are composed of the following: 2023 2022 Trade Payables 572,394 395,134 Accrued Liabilities 10,192 5,801 Other Payables 19,907 6,939 Total 602,493 407,874

Tax Liabilities (Tables)

Tax Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Tax Liabilities [Abstract]
Summary of Tax Liabilities	Tax liabilities includes the followings: 2023 2022 Income tax payable 20,280 6,047 Other tax liabilities 520 5,648 Income tax perception 159 2,792 Digital services withholding VAT 341 2,555 Other Taxes 20 301 Total 20,800 11,695

Derivative financial instrume_2

Derivative financial instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Financial Instruments [Abstract]
Summary of Short-term Derivative Contracts	During the year-ended December 31, 2023 and 2022, dLocal entered into short-term derivative contracts (delivery and non-delivery forwards) with different counterparties in different countries in which the Group operates, according to the following detail: Transaction Type of Forward Transaction Local currency Notional amount in USD as of December 31, 2023 Outstanding balance as of December 31, 2023 - Derivative financial liabilities Notional amount in USD as of December 31, 2022 Outstanding balance as of December 31, 2022 - Derivative financial liabilities Non-delivery forwards Buy USD Brazilian Reais 3,715,176 ( 30 ) 22,436,774 122 Non-delivery forwards Sell USD (1) Brazilian Reais — — ( 959,141 ) ( 15 ) Non-delivery forwards Buy USD Argentine Peso 3,400,000 7 6,600,000 ( 6 ) Delivery forwards Buy USD Chilean Peso 19,873,706 ( 174 ) 18,750,385 ( 250 ) Delivery forwards Buy USD Uruguayan Peso 2,552,177 ( 48 ) 2,240,602 48 Non-delivery forwards Buy USD Egyptian Pound 20,865,500 1,479 12,979,395 1,002 Non-delivery forwards Buy EUR Moroccan Dirham 1,490,406 ( 51 ) 6,834,496 31 Non-delivery forwards Sell EUR Moroccan Dirham — — — — Non-delivery forwards Buy EUR US Dollar 29,113,656 480 — — Non-delivery forwards Sell EUR US Dollar ( 6,323,275 ) ( 40 ) — — Non-delivery forwards Buy USD Nigerian naira — — 8,863,831 ( 15 ) Non-delivery forwards Buy USD Indian Rupee 2,397,451 ( 7 ) 5,920,282 2 Non-delivery forwards Sell USD (1) Indian Rupee ( 950,435 ) ( 1 ) ( 566,948 ) 1 Non-delivery forwards Buy USD Southafrican Rand 8,127,767 ( 230 ) 5,176,642 ( 235 ) Non-delivery forwards Sell USD Southafrican Rand ( 2,344,571 ) 12 ( 2,626,458 ) ( 11 ) Non-delivery forwards Buy USD Peruvian Sol 1,200,000 ( 67 ) — — Non-delivery forwards Sell USD Peruvian Sol ( 1,251,563 ) 62 — — Non-delivery forwards Buy USD Vietnamese Dong 4,054,096 ( 32 ) — — Non-delivery forwards Buy USD Moroccan Dirham 6,263,269 ( 240 ) 159,000 ( 12 ) Non-delivery forwards Sell USD Moroccan Dirham ( 3,274,071 ) ( 28 ) — — Total 1,092 662 (1) The contracts to sell USD are entered into with the purpose of rebalancing and maintaining a hedge ratio that complies with the hedge effectiveness requirements.

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Provisions [Line Items]
Summary of Movements in Labor Provisions	Movements in Labor provisions are set out below: Carrying amount as of January 1, 2022 1,710 Reversal to labor provision ( 419 ) Interest charges for labor provision 182 Carrying amount as of December 31, 2022 1,473 Reversal to labor provision ( 1,150 ) Interest charges for labor provision 39 Carrying amount as of December 31, 2023 362

Offsetting Financial Assets a_2

Offsetting Financial Assets and Financial Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Offsetting Of Financial Assets [Line Items]
Summary of Recognized Financial Instruments	The following table presents the recognized financial instruments that are offset as at December 31, 2023 and 2022: Effects of offsetting on the Consolidated Statements of Financial Position Gross amounts Net amounts 2023 Gross amounts set off presented Financial assets USD USD USD Cash and cash equivalents 536,160 — 536,160 Financial assets at FVPL 104,387 — 104,387 Trade and other receivables 385,237 ( 21,863 ) 363,374 Derivative financial instruments 2,040 — 2,040 Other assets 11,782 — 11,782 Total 1,039,606 ( 21,863 ) 1,017,743 Financial liabilities Trade and other payables 624,356 ( 21,863 ) 602,493 Lease Liabilities 3,957 — 3,957 Derivative financial instruments 948 — 948 Total 629,261 ( 21,863 ) 607,398 Gross amounts Net amounts 2022 Gross amounts set off presented Financial assets USD USD USD Cash and cash equivalents 468,092 — 468,092 Financial assets at FVPL 1,295 — 1,295 Trade and other receivables 244,804 ( 4,358 ) 240,446 Derivative financial instruments 1,206 — 1,206 Other assets 56,789 — 56,789 Total 772,186 ( 4,358 ) 767,828 Financial liabilities Trade and other payables 424,186 ( 16,312 ) 407,874 Lease Liabilities 4,079 — 4,079 Derivative financial instruments 544 — 544 Total 428,809 ( 16,312 ) 412,497

Related parties (Tables)

Related parties (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Transactions Between Related Parties [Line Items]
Summary of Executive Team and Director Compensation	The Group’s Executive Team and Director compensation was as follows: 2023 2022 2021 Short-term employee benefits – Salaries and wages 2,177 1,767 1,900 Long-term employee benefits – Share-based payment 6,822 3,351 7,590 8,999 5,118 9,490
Summary of Transaction with Other Related Parties	The following transactions occurred with related parties: 2023 2022 2021 Transactions with merchants – Revenues 1,494 1,158 2,030 Transactions with preferred suppliers (Collection entities) – Costs ( 53 ) ( 621 ) ( 561 ) Transactions with other related parties – Financial expenses (item (a)) 81,024 — —
Summary of Outstanding Balances from Transactions with Related Parties	The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: 2023 2022 Balances with merchants – trade receivables 406 428 Balances with merchants – trade payables — ( 482 ) Balances with preferred suppliers (Collection entities) – trade payables ( 19 ) ( 1,258 ) Balances with preferred suppliers (Collection entities) – trade receivables — 552

Share-Based Payment (Tables)

Share-Based Payment (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Summary of RSUs, PSUs and Stock Option	Set out below are summaries of RSUs, PSUs and stock option for 2023 and 2022: 2023 2022 * Average Average exercise price Number of exercise price Number of (U.S. Dollars) options and RSUs and PSUs (U.S. Dollars) options and RSUs At the beginning of the year 8.30 3,534,561 1.16 4,032,345 Granted during the year 5.53 4,340,239 18.90 1,474,463 Exercised during the year 2.25 ( 663,897 ) 3.45 ( 1,136,375 ) Forfeited during the year 14.06 ( 248,601 ) 10.31 ( 835,872 ) At the end of the year 6.86 6,962,302 8.30 3,534,561 Vested and exercisable at the end of the year 7.03 704,006 4.06 347,788

Financial Risk Management (Tabl

Financial Risk Management (Table)	12 Months Ended
	Dec. 31, 2023
Financial Risk Management [Line Items]
Summary of Maximum Exposure to Credit Risk	The carrying amount of financial assets represents the Group’s maximum credit exposure: 2023 2022 Cash and Cash Equivalents 536,160 468,092 Financial Assets at Fair Value through Profit or Loss 104,387 1,295 Trade and Other Receivables 363,374 240,446 Derivative Financial Instrument 2,040 1,206 Other Assets 11,782 56,789 1,017,743 767,828
Summary of External Credit Risk Rating for Group's Trade and Other Receivables at Geographical Regions	The table below discloses the external credit risk ratings for Group’s Trade and Other Receivables, based on the geographical regions in which the Trade and Other Receivables are held: Risk rating 2023 2022 A 42,618 18,880 AA 392 — AAA 7,319 2,213 B 24,345 11,043 BB 172,833 137,286 BBB 89,047 29,161 C 279 — CC 11,251 — CCC 15,290 41,863 363,374 240,446
Summary of Group Exposure to Foreign Currency Risk	As of December 31, 2023 the Group is exposed to foreign currency risk on monetary amounts denominated in a currency other than the functional currency of the respective subsidiaries, which is mainly comprised by cash and cash equivalents, trade receivables and trade payables in the service providers in Latin America, Asia and Africa. The following table presents the top five currencies net balances: 2023 Gain/(loss) Account Currency Amount % increase Amount % decrease Amount Net balances Mexican peso 39,825 10 % ( 3,983 ) - 10 % 3,983 Brazilian real 29,145 10 % ( 2,915 ) - 10 % 2,915 Argentine peso 12,769 10 % ( 1,276 ) - 10 % 1,276 Saudi riyal 10,966 10 % ( 1,097 ) - 10 % 1,097 South African rand 9,107 10 % ( 911 ) - 10 % 911 Total 101,813 ( 10,182 ) 10,182 2022 Gain/(loss) Account Currency Amount % increase Amount % decrease Amount Net balances United States dollar 47,162 10 % ( 4,716 ) - 10 % 4,716 Brazilian real 27,841 10 % ( 2,784 ) - 10 % 2,784 Indian rupee 16,530 10 % ( 1,653 ) - 10 % 1,653 Egyptian pound 16,243 10 % ( 1,624 ) - 10 % 1,624 Argentine peso 12,863 10 % ( 1,286 ) - 10 % 1,286 Total 120,639 ( 12,064 ) - 12,064
Summary of contractual undiscounted cash flows	Amounts disclosed reflect contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant. Contractual maturities of financial liabilities 31 December, 2023 Less than 6 6-12 months Between 1 and More than 2 years Total Carrying Non-derivatives Trade and other payables 602,493 — — — 602,493 602,493 Leases liabilities 217 409 584 3,017 4,227 3,957 Total non-derivatives 602,710 409 584 3,017 606,720 606,450 Derivatives Derivative financial instruments 948 — — — 948 948 Total derivatives 948 — — — 948 948 Contractual maturities of financial liabilities 31 December, 2022 Less than 6 6-12 months Between 1 and More than 2 years Total Carrying Non-derivatives Trade and other payables 407,874 — — — 407,874 407,874 Leases liabilities 296 394 546 3,628 4,864 4,079 Total non-derivatives 408,170 394 546 3,628 412,738 411,953 Derivatives Derivative financial instruments 544 — — — 544 544 Total derivatives 544 — — — 544 544
Summary of Net Cash	The Group monitors capital using the Net Cash/Debt. Net Cash is composed as follow: 2023 2022 Cash and cash equivalents 536,160 468,092 Financial assets at fair value through profit or loss 102,677 1,295 Lease liabilities ( 3,957 ) ( 4,079 ) Derivative financial instrument ( 948 ) ( 544 ) Net cash 633,932 464,764 Cash and liquid investments 638,837 469,387 Gross debt – fixed interest rates ( 4,905 ) ( 4,623 ) Net cash 633,932 464,764

Fair Value Hierarchy (Tables)

Fair Value Hierarchy (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Fair Value Measurement [Line Items]
Summary of Financial Instruments Measured at Amortized Cost	The table also includes financial instruments measured at amortized cost. The Group determined the book value of such instruments approximates their fair value. December 31, 2023 FVPL Amortized Total Level 1 Level 2 Assets Cash and Cash Equivalents — 536,160 536,160 — — Financial Assets at Fair Value through Profit or Loss 104,387 — 104,387 104,387 — Other Assets — 11,782 11,782 — — Trade and Other Receivables — 363,374 363,374 — — Derivative financial instruments (1) 2,040 — 2,040 — 2,040 106,427 911,316 1,017,743 104,387 2,040 December 31, 2022 FVPL Amortized Total Level 1 Level 2 Assets Cash and Cash Equivalents — 468,092 468,092 — — Financial Assets at Fair Value through Profit or Loss 1,295 — 1,295 1,295 — Other Assets — 56,789 56,789 — — Trade and Other Receivables — 240,446 240,446 — — Derivative financial instruments (1) 1,206 — 1,206 — 1,206 2,501 765,327 767,828 1,295 1,206 December 31, 2023 FVPL Amortized Total Level 1 Level 2 Liabilities Trade and Other Payables — ( 602,493 ) ( 602,493 ) — — Derivative financial instruments (1) ( 948 ) — ( 948 ) — ( 948 ) Lease Liabilities — ( 3,957 ) ( 3,957 ) — — ( 948 ) ( 606,450 ) ( 607,398 ) — ( 948 ) December 31, 2022 FVPL Amortized Total Level 1 Level 2 Liabilities Trade and Other Payables — ( 407,874 ) ( 407,874 ) — — Derivative financial instruments (1) ( 544 ) — ( 544 ) — ( 544 ) Lease Liabilities — ( 4,079 ) ( 4,079 ) — — ( 544 ) ( 411,953 ) ( 412,497 ) — ( 544 ) (1) The most frequently applied valuation techniques include forward pricing models. The models incorporate various inputs including: foreign exchange spot, interest rates curves of the respective currencies and the terms of the contract. T

General Information and Reorg_2

General Information and Reorganization - Additional Information (Details) $ / shares in Units, € in Thousands		1 Months Ended	12 Months Ended
	Jun. 02, 2021 $ / shares shares	Jun. 30, 2023 USD ($) People	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2023 EUR (€)	Mar. 19, 2024 USD ($)	Jul. 31, 2023 USD ($)	Jun. 16, 2023 USD ($)	Dec. 31, 2021 $ / shares
General Information And Reorganization [Line Items]
Name of reporting entity			DLocal Limited	DLocal Limited
Description of nature of entity's operations and principal activities			DLocal Limited (“dLocal” or the “Company”) was established on October 5, 2016 as a limited liability holding company in Malta (together with its subsidiaries as the “Group”.) On April 14, 2021, the Group was reorganized under dLocal and domiciled and incorporated in the Cayman Islands. The Company holds a controlling financial interest in the Group.	DLocal Limited (“dLocal” or the “Company”) was established on October 5, 2016 as a limited liability holding company in Malta (together with its subsidiaries as the “Group”.) On April 14, 2021, the Group was reorganized under dLocal and domiciled and incorporated in the Cayman Islands. The Company holds a controlling financial interest in the Group.
Domicile of entity			Cayman Islands	Cayman Islands
Number of operate and licensed countries			many countries	many countries
Date of business acquisition			Apr. 14, 2021	Apr. 14, 2021
Contribution percentage			100%
Par value change per share | $ / shares			$ 1.1211
Tier one capital temporarily short respect of regulatory capital requirement			$ 37,666,000
Tier one capital requirement post verification			4,621,000
Externally imposed minimum capital requirement by regulator			600,000	€ 530
Provision for contingencies related to lawsuits			$ 0
Number of people to be hired over next year | People		100
Number of people to be hired in medium-term | People		300
Bonds purchased						$ 47,607,033	$ 48,540,361
Events After Reporting Period
General Information And Reorganization [Line Items]
Provision for contingencies related to lawsuits					$ 0
Argentina
General Information And Reorganization [Line Items]
Aggregrate investment		$ 100,000,000
Top of Range
General Information And Reorganization [Line Items]
Par value change per share | $ / shares								$ 1
Bottom of Range
General Information And Reorganization [Line Items]
Par value change per share | $ / shares								$ 1.1211
Common Shares
General Information And Reorganization [Line Items]
Stock split	500-for-1
Number of shares issued | shares	500
Common Shares | Top of Range
General Information And Reorganization [Line Items]
Par value change per share | $ / shares	$ 1
Shares outstanding | shares	288,504,000
Common Shares | Bottom of Range
General Information And Reorganization [Line Items]
Par value change per share | $ / shares	$ 0.002
Shares outstanding | shares	577,008

Presentation and Preparation _4

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies - Additional Information (Details)		12 Months Ended
	Nov. 15, 2023 $ / shares shares	Dec. 31, 2023 USD ($) shares Plans	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021	Dec. 31, 2019 $ / shares shares
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Cumulative inflation rate period		3 years
Percentage of cumulative inflation rate		100%
Lease extended term		1 month
Description of lease extended term		The lease agreement can be extended for 1-month terms following the expiration of the base lease term unless the Company elects to terminate the agreement
Number of share based plans | Plans		3
Obligation to cash settle of equity awards | $		$ 0
Net issuance of exercised warrants	6,334,134	6,334,134
Exercise of warrants per share | $ / shares	$ 18.098
Malta
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Israel
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Brazil
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
China
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Chile
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Colombia
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
India
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Singapore
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Argentina
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Leases contract term		one year or less
Common Stock
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Price index		3.1	1.9	1.5
Warrants [member]
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Warrants issued to purchase common stock					17,345,000
Purchase price per share | $ / shares					$ 0.57
Percent of price per share paid in or implied by transaction					60%
Merchant’s beneficial ownership percentage upon issuance of warrant					4.999%
Number of notice days to waive beneficial ownership limit					61 days
Net issuance of exercised warrants	6,334,134
Exercise of warrants per share | $ / shares	$ 18.098
Top of Range
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Acquired intangible assets useful economic lives		3 years
Lease contract term		12 months
dLocal Group Limited
Disclosure Of Presentation And Preparation Of Consolidated Financial Statements And Significant Accounting Policies [Line Items]
Financial assets at fair value through OCI | $		$ 0	$ 0
Number of other equity instruments expired in share-based payment arrangement		0	0
Date of expiration of warrants		Jan. 01, 2026

Presentation and Preparation _5

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies - Schedule of Exchange Rates of Currencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Argentina | ARS
Foreign Exchange Rates [Line Items]
Average rate	633.6	132.1
Year-end spot rate	808.5	176.7
Brazil | BRL
Foreign Exchange Rates [Line Items]
Average rate	4.9	5.2
Year-end spot rate	4.9	5.3
Chile | CLP
Foreign Exchange Rates [Line Items]
Average rate	875.8	872.3
Year-end spot rate	879	851.1
Colombia | COP
Foreign Exchange Rates [Line Items]
Average rate	3,939.9	4,273.1
Year-end spot rate	3,854.9	4,852.5
Costa Rica | CRC
Foreign Exchange Rates [Line Items]
Average rate	526.7	642.7
Year-end spot rate	523	593.2
Dominican Republic | DOP
Foreign Exchange Rates [Line Items]
Average rate	57.4	55
Year-end spot rate	58.1	56.2
Ecuador | USD
Foreign Exchange Rates [Line Items]
Average rate	1	1
Year-end spot rate	1	1
Egypt | EGP
Foreign Exchange Rates [Line Items]
Average rate	30.9	19.3
Year-end spot rate	30.9	24.7
Guatemala | GTQ
Foreign Exchange Rates [Line Items]
Average rate	7.8	7.8
Year-end spot rate	7.8	7.8
India | INR
Foreign Exchange Rates [Line Items]
Average rate	83.2	78.8
Year-end spot rate	83.2	82.7
Indonesia | IDR
Foreign Exchange Rates [Line Items]
Average rate	15,494.5	14,880.2
Year-end spot rate	15,397	15,568
Israel | ILS
Foreign Exchange Rates [Line Items]
Average rate	3.7	3.4
Year-end spot rate	3.6	3.5
Malaysia | MYR
Foreign Exchange Rates [Line Items]
Average rate	4.7	4.5
Year-end spot rate	4.6	4.4
Malta | EUR
Foreign Exchange Rates [Line Items]
Average rate	1.1	0.9
Year-end spot rate	1.1	0.9
Mexico | MXN
Foreign Exchange Rates [Line Items]
Average rate	17.2	20.1
Year-end spot rate	17	19.5
Morocco | MAD
Foreign Exchange Rates [Line Items]
Average rate	10	10.2
Year-end spot rate	9.9	10.4
Nigeria | NGN
Foreign Exchange Rates [Line Items]
Average rate	844.4	427.2
Year-end spot rate	911.7	460.8
Panama | USD
Foreign Exchange Rates [Line Items]
Average rate	1	1
Year-end spot rate	1	1
Paraguay | PYG
Foreign Exchange Rates [Line Items]
Average rate	7,339.6	7,007.8
Year-end spot rate	7,275	7,247.8
Peru | PEN
Foreign Exchange Rates [Line Items]
Average rate	3.7	3.8
Year-end spot rate	3.7	3.8
Singapore | SGD
Foreign Exchange Rates [Line Items]
Average rate	1.3	1.4
Year-end spot rate	1.3	1.3
South Africa | ZAR
Foreign Exchange Rates [Line Items]
Average rate	18.6	16.4
Year-end spot rate	18.4	17
Uruguay | UYU
Foreign Exchange Rates [Line Items]
Average rate	39.2	41.1
Year-end spot rate	38.9	39.9

Presentation and Preparation _6

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies - Summary of Depreciation is Calculated on a Straight-line Basis Over the Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2023
Computer Equipment
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property plant and equipment	3 years
Building Improvements
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property plant and equipment	10 years

Presentation and Preparation _7

Presentation and Preparation of the Consolidated Financial Statements and Material Accounting Policies - Summary of Warrants Granted (Details) - Warrants [member]	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Average exercise price per share warrant At the beginning of period | $ / shares	$ 0.57	$ 0.57
Average exercise price per share warrant exercised during the period | $ / shares	0.57	0
Average exercise price per share warrant at the end of period | $ / shares	0.57	0.57
Average exercise price per share warrant vested and exercisable at the end of period | $ / shares	$ 0.57	$ 0.57
Number of warrants at the beginning of period | shares	15,213,587	15,213,587
Number of warrants exercised during the period | shares	(6,541,087)	0
Number of warrants at the end of period | shares	8,672,500	15,213,587
Number of warrants, Vested and exercisable | shares	8,672,500	15,213,587

Consolidation of Subsidiaries -

Consolidation of Subsidiaries - Summary of Consolidated Financial Statements of Group include the Subsidiaries (Details))		12 Months Ended
	Jul. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dlocal Group Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Malta
Principal activities		Holding Company
% of equity interest held by Dlocal		100%	100%
Dlocal Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Malta
Principal activities		Payments provider
% of equity interest held by Dlocal		99.999%	99.999%
Dlocal Markets Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Malta
Principal activities		Holding Company
% of equity interest held by Dlocal		100%	100%
Dlocal Hold Ops Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Cayman Islands
Principal activities		Holding Company
% of equity interest held by Dlocal		100%	100%
Dlocal LLP
Disclosure of subsidiaries [line items]
Country of incorporation		United Kingdom
Principal activities		Payments provider
% of equity interest held by Dlocal		99.999%	99.99%
Dlocal Corp LLP
Disclosure of subsidiaries [line items]
Country of incorporation		United Kingdom
Principal activities		Payments provider
% of equity interest held by Dlocal		99.99%	99.99%
Dlocal OpCo UK LTD
Disclosure of subsidiaries [line items]
Country of incorporation		United Kingdom
Principal activities		Payments provider
% of equity interest held by Dlocal		100%	100%
Dlocal Inc.
Disclosure of subsidiaries [line items]
Country of incorporation		United States of America
Principal activities		Holding Company
% of equity interest held by Dlocal			100%
Dlocal Technologies S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Uruguay
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
Dlocal Uruguay S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Uruguay
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal PTE Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Singapore
Principal activities		Holding Company
% of equity interest held by Dlocal		100%	100%
Dlocal Argentina S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Argentina
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Arg. S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Argentina
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
Dlocal Services Arg S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Argentina
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
Demerge Services Arg S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Argentina
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
DLocal Bangladesh Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Bangladesh
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Bolivia S.R.L.
Disclosure of subsidiaries [line items]
Country of incorporation		Bolivia
Principal activities		Collection entity
% of equity interest held by Dlocal		97%	100%
Dlocal Brasil Holding Financeira
Disclosure of subsidiaries [line items]
Country of incorporation		Brazil
Principal activities		Holding Company
% of equity interest held by Dlocal		100%	100%
Dlocal Brasil Instituicao de Pagamento S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Brazil
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Brasil Facilitadora de Pagamentos Ltda.
Disclosure of subsidiaries [line items]
Country of incorporation		Brazil
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Webpay Brasil Pagamentos Ltda.
Disclosure of subsidiaries [line items]
Country of incorporation		Brazil
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Cameroun SARL
Disclosure of subsidiaries [line items]
Country of incorporation		Cameroon
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Chile SPA
Disclosure of subsidiaries [line items]
Country of incorporation		Chile
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Chile SPA
Disclosure of subsidiaries [line items]
Country of incorporation		Chile
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Pagos y Servicios Limitada
Disclosure of subsidiaries [line items]
Country of incorporation		Chile
Principal activities		Collection entity
% of equity interest held by Dlocal		99%	99%
FCA Chile 2 Spa
Disclosure of subsidiaries [line items]
Country of incorporation		Chile
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Colombia S.A.S.
Disclosure of subsidiaries [line items]
Country of incorporation		Colombia
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Colombia S.A.S.
Disclosure of subsidiaries [line items]
Country of incorporation		Colombia
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Kupa Colombia S.A.S.
Disclosure of subsidiaries [line items]
Country of incorporation		Colombia
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Costa Rica SRL
Disclosure of subsidiaries [line items]
Country of incorporation		Costa Rica
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerege Ecuador S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Ecuador
Principal activities		Collection entity
% of equity interest held by Dlocal	99.85%	100%	100%	0.15%
Dlocal Egypt LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Egypt
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal El Salvador S.A de C.V.
Disclosure of subsidiaries [line items]
Country of incorporation		El Salvador
Principal activities		Collection entity
% of equity interest held by Dlocal		99.95%	100%
dLocal Ghana Limited Company
Disclosure of subsidiaries [line items]
Country of incorporation		Ghana
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Guatemala S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Guatemala
Principal activities		Collection entity
% of equity interest held by Dlocal		99.94%	100%
Dlocal Honduras S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Honduras
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Depansum Solutions Private Limited
Disclosure of subsidiaries [line items]
Country of incorporation		India
Principal activities		Collection entity
% of equity interest held by Dlocal		99%	99%
Dlocal India Pvt Limited
Disclosure of subsidiaries [line items]
Country of incorporation		India
Principal activities		Collection entity
% of equity interest held by Dlocal		99.99%	99.99%
Guisol Solutions Private Limited
Disclosure of subsidiaries [line items]
Country of incorporation		India
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
PT Dlocal Solutions Indonesia
Disclosure of subsidiaries [line items]
Country of incorporation		Indonesia
Principal activities		Collection entity
% of equity interest held by Dlocal		99%	100%
Dlocal Israel Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Israel
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
Dlocal SARL
Disclosure of subsidiaries [line items]
Country of incorporation		Ivory Coast
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Japan Ltd
Disclosure of subsidiaries [line items]
Country of incorporation		Japan
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	66.60%
Dlocal Payments Kenya Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Kenya
Principal activities		Collection entity
% of equity interest held by Dlocal		90%	100%
Depansum Malaysia SDN. BHD.
Disclosure of subsidiaries [line items]
Country of incorporation		Malaysia
Principal activities		Collection entity
% of equity interest held by Dlocal		95%	100%
Demerge Mexico S.A. de C.V.
Disclosure of subsidiaries [line items]
Country of incorporation		Mexico
Principal activities		Collection entity
% of equity interest held by Dlocal		99.99%	99.999%
Dlocal Mexico S.A. DE C.V.
Disclosure of subsidiaries [line items]
Country of incorporation		Mexico
Principal activities		Collection entity
% of equity interest held by Dlocal		99.99%	99.999%
Dlocal Technologies Mexico S.A. DE C.V.
Disclosure of subsidiaries [line items]
Country of incorporation		Mexico
Principal activities		Service provider
% of equity interest held by Dlocal		99.99%	100%
DLocal Morocco SARL AU
Disclosure of subsidiaries [line items]
Country of incorporation		Morocco
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Nigeria Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Nigeria
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Panama S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Panama
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Paraguay S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Paraguay
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Peru S.A.C.
Disclosure of subsidiaries [line items]
Country of incorporation		Peru
Principal activities		Collection entity
% of equity interest held by Dlocal		99%	99%
Depansum Peru S.A.C
Disclosure of subsidiaries [line items]
Country of incorporation		Peru
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Payments Philippines Incorporated
Disclosure of subsidiaries [line items]
Country of incorporation		Philippines
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Demerge Republica Dominicana SAS
Disclosure of subsidiaries [line items]
Country of incorporation		Dominican Republic
Principal activities		Collection entity
% of equity interest held by Dlocal		99.99%	99.99%
Dlocal Rwanda Ltd.
Disclosure of subsidiaries [line items]
Country of incorporation		Rwanda
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Depansum PTY Limited
Disclosure of subsidiaries [line items]
Country of incorporation		South Africa
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
DLP South Africa PTY Ltd.
Disclosure of subsidiaries [line items]
Country of incorporation		South Africa
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Tanzania LTD
Disclosure of subsidiaries [line items]
Country of incorporation		Tanzania
Principal activities		Collection entity
% of equity interest held by Dlocal		99%	100%
Demerge (Thailand) Co. LTD
Disclosure of subsidiaries [line items]
Country of incorporation		Thailand
Principal activities		Collection entity
% of equity interest held by Dlocal		49%	49%
Dlocal Uganda LTD
Disclosure of subsidiaries [line items]
Country of incorporation		Uganda
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Payment Services L.L.C.
Disclosure of subsidiaries [line items]
Country of incorporation		United Arab Emirates
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal US LLC
Disclosure of subsidiaries [line items]
Country of incorporation		United States of America
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
Dlocal Holding Uruguay S.A. (Formerly CILFUR S.A.)
Disclosure of subsidiaries [line items]
Country of incorporation		Uruguay
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
DEMERGE URUGUAY S.A. (Formerly 'Maubek S.A.')
Disclosure of subsidiaries [line items]
Country of incorporation		Uruguay
Principal activities		Service provider
% of equity interest held by Dlocal		100%	100%
DLOCAL SERVICES URUGUAY S.A. (Formerly 'Harpot S.A.')
Disclosure of subsidiaries [line items]
Country of incorporation		Uruguay
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Dlocal Vietnam Company Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Vietnam
Principal activities		Collection entity
% of equity interest held by Dlocal		100%	100%
Depansum Arg S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Argentina
Principal activities		Collection entity
% of equity interest held by Dlocal		99%
Demerge Espana SL
Disclosure of subsidiaries [line items]
Country of incorporation		Spain
Principal activities		Collection entity
% of equity interest held by Dlocal		100%
Demerge Senegal SAURL
Disclosure of subsidiaries [line items]
Country of incorporation		Senegal
Principal activities		Collection entity
% of equity interest held by Dlocal		100%
PT Dlocal Services Gateway (Indonesia)
Disclosure of subsidiaries [line items]
Country of incorporation		Indonesia
Principal activities		Collection entity
% of equity interest held by Dlocal		85%
PT Dlocal Payment Solutions (Indonesia)
Disclosure of subsidiaries [line items]
Country of incorporation		Indonesia
Principal activities		Collection entity
% of equity interest held by Dlocal		85%
Depansum Limited (Kenya)
Disclosure of subsidiaries [line items]
Country of incorporation		Kenya
Principal activities		Collection entity
% of equity interest held by Dlocal		99%
Dlocal Developments Arg S.A.
Disclosure of subsidiaries [line items]
Country of incorporation		Argentina
Principal activities		Collection entity
% of equity interest held by Dlocal		95%
Dlocal Payments Private Limited (India)
Disclosure of subsidiaries [line items]
Country of incorporation		India
Principal activities		Collection entity
% of equity interest held by Dlocal		99%
Dlocal Nigeria Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Nigeria
Principal activities		Collection entity
% of equity interest held by Dlocal		99.99%
Kupa IMTO Nigeria Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Nigeria
Principal activities		Collection entity
% of equity interest held by Dlocal		99.99%
Delocal Al-Arabia Co. (Saudi Arabia)
Disclosure of subsidiaries [line items]
Country of incorporation		Saudi Arabia
Principal activities		Collection entity
% of equity interest held by Dlocal		100%

Consolidation of Subsidiaries_2

Consolidation of Subsidiaries - Summary of Consolidated Financial Statements of Group include the Subsidiaries (Parenthetical) (Details)		12 Months Ended
	Jul. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Demerege Ecuador S.A.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	99.85%	100%	100%	0.15%
Demerge (Thailand) Co. LTD
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		49%	49%

Segment Reporting - Summary of

Segment Reporting - Summary of Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to Profit Presented in Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Operating Segments [Line Items]
Profit for the period	$ 149,086	$ 108,697	$ 77,853
Income tax expense	29,428	11,586	7,647
Inflation adjustment	12,537	1,037	334
Finance income	(128,228)	(18,078)	(2,540)
Finance costs	116,834	24,668	544
Other operating loss / (gain)		697	(2,896)
Impairment (gain) / loss on financial assets	(3,136)	5,534	33
Depreciation and amortization	12,225	8,147	4,747
Secondary offering expenses		89	5,158
Transaction costs			687
Other non-recurring costs	1,663	2,014
Share-based payment non-cash charges, net of forfeitures	11,922	8,684	7,590
Adjusted EBITDA	202,331	153,075	99,157
Revenues	$ 650,351	$ 418,925	$ 244,120
Adjusted EBITDA Margin	31.10%	36.50%	40.60%
Profit Margin	22.90%	25.90%	31.90%

Segment Reporting - Summary o_2

Segment Reporting - Summary of Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to Profit Presented in Consolidated Statement of Comprehensive Income (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 28, 2023	Nov. 11, 2022
Disclosure of operating segments [line items]
Net foreign exchange gain	$ 17,433
Net gain related to effective portion of foreign currency hedge	17,433
Foreign exchange losses	17,656	$ 14,832
Net foreign exchange loss	223
Deposits in brokers		5,576
FTX Trading Ltd
Disclosure of operating segments [line items]
Deposits in brokers	$ 3,454		$ 3,454	$ 5,576
Provision for expected loss of amounts on deposit		$ 5,576

Segment Reporting - Summary o_3

Segment Reporting - Summary of Payments from/to Such Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Operating Segments [Line Items]
Revenues	$ 650,351	$ 418,925	$ 244,120
Percentage of revenues	55.20%	71.60%
LatAm
Disclosure Of Operating Segments [Line Items]
Revenues	$ 492,681	$ 345,360	223,602
Percentage of revenues	42.70%	54.50%
Brazil
Disclosure Of Operating Segments [Line Items]
Revenues	$ 158,997	$ 84,025	59,698
Percentage of revenues	89.20%	40.80%
Argentina
Disclosure Of Operating Segments [Line Items]
Revenues	$ 75,128	$ 77,577	50,165
Percentage of revenues	3.20%	54.60%
Mexico
Disclosure Of Operating Segments [Line Items]
Revenues	$ 116,835	$ 68,000	33,376
Percentage of revenues	71.80%	103.70%
Chile
Disclosure Of Operating Segments [Line Items]
Revenues	$ 55,666	$ 52,464	36,497
Percentage of revenues	6.10%	43.70%
Other countries
Disclosure Of Operating Segments [Line Items]
Revenues	$ 86,055	$ 63,294	43,866
Percentage of revenues	36%	44.30%
Non-LatAm
Disclosure Of Operating Segments [Line Items]
Revenues	$ 157,670	$ 73,565	20,518
Percentage of revenues	114.30%	258.50%
Nigeria
Disclosure Of Operating Segments [Line Items]
Revenues	$ 83,969	$ 33,805	1,815
Percentage of revenues	148.40%	1,762.50%
Other countries
Disclosure Of Operating Segments [Line Items]
Revenues	$ 73,701	$ 39,760	$ 18,703
Percentage of revenues	85.40%	112.60%

Segment Reporting - Summary o_4

Segment Reporting - Summary of Payments from/to Such Customers (Parenthetical) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Operating Segments [Line Items]
Revenues	$ 650,351,000	$ 418,925,000	$ 244,120,000
LatAm
Disclosure Of Operating Segments [Line Items]
Revenues	492,681,000	345,360,000	223,602,000
Cayman Islands
Disclosure Of Operating Segments [Line Items]
Revenues	$ 0	$ 0	$ 0

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 Country Customer Merchant	Dec. 31, 2022 Customer Merchant	Dec. 31, 2021 Customer
Disclosure Of Operating Segments [Line Items]
Number of countries in which revenues arise from operations | Country	40
Percentage of revenue by region	10%
Number of merchants served | Merchant	600	600
Percentage of revenue from top 10 merchants	60%	50%	56%
Number of customers accounted for more than 10% of total revenue on individual level | Customer	1	0	1

Revenues and Cost of Services -

Revenues and Cost of Services - Breakdown of Revenue From Contracts With Customers Per Type of Service (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Disaggregation of Revenue from Contracts with Customers [Line Items]
Transaction revenues	$ 637,053	$ 415,444	$ 241,814
Other revenues	13,298	3,481	2,306
Revenues from payment processing	650,351	418,925	244,120
Cost of services	(373,492)	(216,758)	(113,677)
Gross profit	$ 276,859	$ 202,167	$ 130,443

Revenues and Cost of Services_2

Revenues and Cost of Services - Breakdown of Revenue From Contracts With Customers Per Type of Service (Parenthetical) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Prepaid Assets
Disclosure of Disaggregation of Revenue from Contracts with Customers [Line Items]
Amortization charge related to prepaid assets	$ 0	$ 567,000	$ 200,000

Revenues and Cost of Services_3

Revenues and Cost of Services - Summary of Cost of Services (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Disaggregation of Revenue from Contracts with Customers [Line Items]
Processing costs	$ 356,295	$ 206,223	$ 107,276
Hosting expenses	6,235	4,331	3,351
Salaries and wages	2,252	1,411	706
Amortization of intangible assets	10,816	6,891	3,917
Total	373,492	216,758	113,677
Internally Generated Software
Disclosure of Disaggregation of Revenue from Contracts with Customers [Line Items]
Amortization of intangible assets	$ 8,710	$ 4,793	$ 2,344

Revenues and Cost of Services_4

Revenues and Cost of Services - Summary of Cost of Services (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Disaggregation of Revenue from Contracts with Customers [Line Items]
Foreign exchange gain	$ 223
Net foreign exchange loss	223
Net foreign exchange gain	17,433
Foreign exchange losses	17,656	$ 14,832
Foreign exchange loss relation processed volume	17,656
Costs of services
Disclosure of Disaggregation of Revenue from Contracts with Customers [Line Items]
Net foreign exchange gain	$ 17,433	14,559
Foreign exchange losses		$ 273	$ 2,100

Technology and Development Ex_3

Technology and Development Expenses - Summary of Technology and Development Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Total	$ 12,650	$ 6,348	$ 3,386
Salaries and Wages
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Total	5,805	2,969	1,381
Software Licenses
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Total	3,213	1,294	487
Infrastructure Expenses
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Total	2,279	1,496	792
Information and Technology Security Expenses
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Total	442	298	176
Other Technology Expenses
Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]
Total	$ 911	$ 291	$ 550

Sales and Marketing Expenses _3

Sales and Marketing Expenses and General and Administrative Expenses - Summary of Sales and Marketing Expenses and General and Administrative Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	$ 17,120	$ 13,335	$ 5,916
Total	70,568	48,343	40,637
Salaries and Wages
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	13,344	10,800	5,126
Total	36,727	24,697	20,827
Marketing Expenses
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	3,776	2,535	790
Third Party Services
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	18,500	12,431	12,632
Office Expenses
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	4,886	3,106	2,445
Travel and Other Operating Expenses
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	6,940	4,755	2,330
Amortization and Depreciation
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Total	$ 3,515	$ 3,354	$ 2,403

Sales and Marketing Expenses _4

Sales and Marketing Expenses and General and Administrative Expenses - Summary of Sales and Marketing Expenses and General and Administrative Expense (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Secondary offering expenses		$ (89)	$ (5,158)
Other non-recurring costs	$ 1,663	2,014
Third Party Services
Disclosure Of Sales And Marketing Expenses And General And Administrative Expenses [Line Items]
Secondary offering expenses			$ 5,158
Other non-recurring costs	$ 1,663	$ 2,014

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) - Employee	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Defined Benefit Plans [Line Items]
Full-time equivalents	901	726	539
Technology and Product Engineers and Related Roles
Disclosure Of Defined Benefit Plans [Line Items]
Percentage of employee benefits	38%	40%	38%

Employee Benefits - Summary of

Employee Benefits - Summary of Employee Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Defined Benefit Plans [Line Items]
Salaries, wages and contractor fees	$ 62,900	$ 42,550	$ 27,535
Share-based payments	11,922	8,684	7,590
Total	$ 74,822	$ 51,234	$ 35,125

Employee Benefits - Summary o_2

Employee Benefits - Summary of Employee Benefits (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Defined Benefit Plans [Line Items]
Capitalized salaries and wages	$ 16,694	$ 11,357	$ 7,085

Amortization and Depreciation -

Amortization and Depreciation - Summary of Amortization and Depreciation Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Property Plant And Equipment [Line Items]
Amortization of intangible assets	$ 10,816	$ 6,891	$ 3,917
Right-of-use asset amortization	627	518	453
Depreciation of Property, plant & equipment	782	738	377
Total	$ 12,225	$ 8,147	$ 4,747

Other Results - Summary of Othe

Other Results - Summary of Other Results (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Other Results [Line Items]
Interest Income from Financial Instruments	$ 49,588	$ 18,114	$ 2,556
Fair value gains / (losses) of financial assets at FVPL	78,640	(36)	(16)
Finance income	128,228	18,078	2,540
Finance expense related to derivative financial instruments	(28,013)	(18,763)
Other finance expense	(88,243)	(5,728)	(402)
Interest charges for lease liabilities	(578)	(177)	(142)
Finance costs	(116,834)	(24,668)	(544)
Inflation adjustment	(12,537)	(1,037)	(334)
Other results	$ (1,143)	$ (7,627)	$ 1,662

Other Results - Summary of Ot_2

Other Results - Summary of Other Results (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Other Results [Line Items]
Foreign exchange losses	$ 17,656	$ 14,832
Argentina and Malta
Disclosure Of Other Results [Line Items]
Foreign exchange losses	$ 82,620

Income Tax - Summary of Charge

Income Tax - Summary of Charge for Current Taxation Rates on Taxable Profit (Details)		4 Months Ended	12 Months Ended
	Sep. 14, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Income Taxes [Line Items]
Income tax rates	28%	30%	16.50%	9.60%	8.90%
Malta
Disclosure Of Income Taxes [Line Items]
Income tax rates			5%	5%	35%	30%
Cayman Islands
Disclosure Of Income Taxes [Line Items]
Income tax rates			0%
Brazil
Disclosure Of Income Taxes [Line Items]
Income tax rates			34%
Colombia
Disclosure Of Income Taxes [Line Items]
Income tax rates			35%
Argentina
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Ecuador
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Uruguay
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Panama
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Paraguay
Disclosure Of Income Taxes [Line Items]
Income tax rates			10%
Guatemala
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Nicaragua
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Kenya
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Tanzania
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Uganda
Disclosure Of Income Taxes [Line Items]
Income tax rates			20%
United States of America
Disclosure Of Income Taxes [Line Items]
Income tax rates			21%
Ivory Coast
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
El Salvador
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
BANGLADESH
Disclosure Of Income Taxes [Line Items]
Income tax rates			28%
Dominican Republic
Disclosure Of Income Taxes [Line Items]
Income tax rates			27%
Bolivia
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Saudi Arabia
Disclosure Of Income Taxes [Line Items]
Income tax rates			20%
Spain
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Israel
Disclosure Of Income Taxes [Line Items]
Income tax rates			23%
Mexico
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
India
Disclosure Of Income Taxes [Line Items]
Income tax rates			22%
Chile
Disclosure Of Income Taxes [Line Items]
Income tax rates			27%
Peru
Disclosure Of Income Taxes [Line Items]
Income tax rates			29.50%
Morocco
Disclosure Of Income Taxes [Line Items]
Income tax rates			28.30%
Egypt
Disclosure Of Income Taxes [Line Items]
Income tax rates			22.50%
South Africa
Disclosure Of Income Taxes [Line Items]
Income tax rates			27%
Nigeria
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Indonesia
Disclosure Of Income Taxes [Line Items]
Income tax rates			22%
Honduras
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Philippines
Disclosure Of Income Taxes [Line Items]
Income tax rates			20%
Singapore
Disclosure Of Income Taxes [Line Items]
Income tax rates			17%
Malaysia
Disclosure Of Income Taxes [Line Items]
Income tax rates			24%
Thailand
Disclosure Of Income Taxes [Line Items]
Income tax rates			0%
United Arab Emirates
Disclosure Of Income Taxes [Line Items]
Income tax rates			0%
Vietnam
Disclosure Of Income Taxes [Line Items]
Income tax rates			20%
Japan
Disclosure Of Income Taxes [Line Items]
Income tax rates			22%
Ghana
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Cameroon
Disclosure Of Income Taxes [Line Items]
Income tax rates			29%
Costa Rica
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Ireland
Disclosure Of Income Taxes [Line Items]
Income tax rates			12.50%
Senegal
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Bottom of Range | United Kingdom
Disclosure Of Income Taxes [Line Items]
Income tax rates			0%
Bottom of Range | Argentina
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Bottom of Range | Rwanda
Disclosure Of Income Taxes [Line Items]
Income tax rates			28%
Top of Range | United Kingdom
Disclosure Of Income Taxes [Line Items]
Income tax rates			19%
Top of Range | Argentina
Disclosure Of Income Taxes [Line Items]
Income tax rates			35%
Top of Range | Rwanda
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%

Income Tax - Summary of Charg_2

Income Tax - Summary of Charge for Current Taxation Income Tax Rates on Taxable Profit (Parenthetical) (Details)		4 Months Ended	12 Months Ended
	Sep. 14, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Income Taxes [Line Items]
Income tax rates	28%	30%	16.50%	9.60%	8.90%
Malta
Disclosure Of Income Taxes [Line Items]
Income tax rates			5%	5%	35%	30%
Tax rate effect from change in tax rate			5%	5%	35%	5%
UK | Dlocal OpCo UK LTD
Disclosure Of Income Taxes [Line Items]
Income tax rates			19%
UK | Dlocal Corp LLP
Disclosure Of Income Taxes [Line Items]
Income tax rates			0%
Brazil
Disclosure Of Income Taxes [Line Items]
Income tax rates			34%
Brazil | Imposto de Renda de Pessoa Juridica
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Brazil | Contribuiyao Social sobre o Lucro Liquido
Disclosure Of Income Taxes [Line Items]
Income tax rates			9%
Argentina
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Argentina | Progressive Rate 1
Disclosure Of Income Taxes [Line Items]
Income tax rates			25%
Argentina | Progressive Rate 2
Disclosure Of Income Taxes [Line Items]
Income tax rates			30%
Argentina | Progressive Rate 3
Disclosure Of Income Taxes [Line Items]
Income tax rates			35%
Chile
Disclosure Of Income Taxes [Line Items]
Income tax rates			27%
Morocco
Disclosure Of Income Taxes [Line Items]
Income tax rates			28.30%

Income Tax - Summary of Income

Income Tax - Summary of Income Tax Charge Recognized in Profit and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Line Items]
Current Income Tax on profits for the year	$ (31,924)	$ (11,682)	$ (6,940)
Total Current Income Tax expense	(31,924)	(11,682)	(6,940)
Increase/(decrease) in deferred income tax assets	1,757	229	(83)
Increase/(decrease) in deferred income tax liabilities	739	(133)	(624)
Total Deferred income tax benefit / (expense)	2,496	96	(707)
Income Tax expense	$ (29,428)	$ (11,586)	$ (7,647)

Income Tax - Summary of Deferre

Income Tax - Summary of Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Line Items]
Deferred tax assets	$ 2,288	$ 498	$ 373
Tax Losses
Disclosure Of Income Taxes [Line Items]
Deferred tax assets	233	348	31
Accrued Liabilities
Disclosure Of Income Taxes [Line Items]
Deferred tax assets	773	99	318
Exchange Differences
Disclosure Of Income Taxes [Line Items]
Deferred tax assets	89	0	0
Other
Disclosure Of Income Taxes [Line Items]
Deferred tax assets	$ 1,193	$ 51	$ 24

Income Tax - Summary of Defer_2

Income Tax - Summary of Deferred Tax Assets (Parenthetical) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Deferred tax assets and liabilities [abstract]
Tax effect of interest expense	$ 1,112

Income Tax - Summary of Movemen

Income Tax - Summary of Movements in Deferred Tax Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Line Items]
At January 1	$ 498	$ 373
(charged) / credited to profit & loss	1,790	125
At December 31	2,288	498
Tax Losses
Disclosure Of Income Taxes [Line Items]
At January 1	348	31
(charged) / credited to profit & loss	(115)	317
At December 31	233	348
Accrued Liabilities
Disclosure Of Income Taxes [Line Items]
At January 1		99	$ 316
At January 1	99	318
(charged) / credited to profit & loss	674	(217)
At December 31	773	99
At December 31	773	99
Exchange Differences
Disclosure Of Income Taxes [Line Items]
At January 1	0	0
(charged) / credited to profit & loss	89	0
At December 31	89	0
Other
Disclosure Of Income Taxes [Line Items]
At January 1	51	24
At January 1	51	26
(charged) / credited to profit & loss	1,142	25
At December 31	1,193	51
At December 31	$ 1,193	$ 51

Income Tax - Summary of Defer_3

Income Tax - Summary of Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Line Items]
Deferred tax liabilities	$ 824	$ 1,152	$ 1,123
Accrued Receivables
Disclosure Of Income Taxes [Line Items]
Deferred tax liabilities	353	946	900
Other
Disclosure Of Income Taxes [Line Items]
Deferred tax liabilities	$ 471	$ 206	$ 223

Income Tax - Summary of Movem_2

Income Tax - Summary of Movements in Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Income Taxes [Line Items]
At January 1	$ 1,152	$ 1,123
(charged) / credited to profit & loss	(328)	29
At December 31	824	1,152
Accrued Receivables
Disclosure Of Income Taxes [Line Items]
At January 1	946	900
(charged) / credited to profit & loss	(593)	46
At December 31	353	946
Other
Disclosure Of Income Taxes [Line Items]
At January 1	206	223
(charged) / credited to profit & loss	265	(17)
At December 31	$ 471	$ 206

Income Tax - Additional Informa

Income Tax - Additional Information (Details) - USD ($)		4 Months Ended	12 Months Ended
	Sep. 14, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Income Taxes [Line Items]
Deferred tax liabilities		$ 824,000	$ 824,000	$ 1,152,000	$ 1,123,000
Income tax rates	28%	30%	16.50%	9.60%	8.90%
Subsidiaries
Disclosure Of Income Taxes [Line Items]
Deferred tax liabilities		$ 0	$ 0	$ 0
Malta
Disclosure Of Income Taxes [Line Items]
Income tax rates			5%	5%	35%	30%
Tax rate effect from change in tax rate			5%	5%	35%	5%

Income Tax - Summary of Reconci

Income Tax - Summary of Reconciliation of Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Line Items]
Profit before Income Tax	$ 178,514	$ 120,283	$ 85,500
Tax at the domestic rates applicable to profit before income tax in the respective jurisdiction	(8,926)	(6,014)	(4,275)
Tax effect of non-taxable income	822	555	3,369
Effects from entities taxes with different rates	(15,930)	(5,440)	(3,127)
Other permanent differences	(5,394)	(687)	(3,614)
Income Tax expense	$ (29,428)	$ (11,586)	$ (7,647)

Income Tax - Summary of Recon_2

Income Tax - Summary of Reconciliation of Effective Tax Rate (Parenthetical) (Details) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Income Taxes [Line Items]
Profit before Income Tax	$ 178,514	$ 120,283	$ 85,500
Malta
Disclosure Of Income Taxes [Line Items]
Tax rate effect from change in tax rate	5%
Subsidiaries
Disclosure Of Income Taxes [Line Items]
Profit before Income Tax		1,357
Tax effect of disallowed expenses		678
Tax effect of non-deductible expenses	$ 1,868	1,088
Hyperinflation adjustment	1,472
Tax effect of other permanent differences	$ 3,525	$ 401

Capital Management - Summary of

Capital Management - Summary of Authorized Shares, Issued and Fully Paid-up Shares (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 15, 2023	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares authorized		1,500,000,000	1,500,000,000
Number of shares issued and fully paid		295,991,665	296,029,870
Share Capital, Beginning balance		296,029,870	295,028,441
i) Issue of common shares at USD 0.002		663,897	1,136,375
ii) Warrant excercise	6,334,134	6,334,134
iii) Repurchase of shares		(7,036,236)	(134,946)
Share Capital, Ending balance		295,991,665	296,029,870
Authorized shares, Amount		$ 3,000	$ 3,000
Issued and fully paid up shares, Amount		591	592
Share Capital, Beginning balance		592	590
Share Premium, Beginning balance		164,307
i) Issue of common shares at USD 0.002			2
ii) Warrant exercise		13
iii) Repurchase of shares		(14)
Share Capital, Ending balance		591	592
Share Premium, Ending balance		$ 73,065	$ 164,307
Class A Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares authorized		1,000,000,000	1,000,000,000
Number of shares issued and fully paid		161,937,473	161,975,678
iii) Repurchase of shares		7,036,236
Authorized shares, Amount		$ 2,000	$ 2,000
Issued and fully paid up shares, Amount		$ 323	$ 324
Class B Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares authorized		250,000,000	250,000,000
Number of shares issued and fully paid		134,054,192	134,054,192
Authorized shares, Amount		$ 500	$ 500
Issued and fully paid up shares, Amount		$ 268	$ 268
Undesignated Shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares authorized		250,000,000	250,000,000
Authorized shares, Amount		$ 500	$ 500
Share Premium
Disclosure Of Classes Of Share Capital [Line Items]
Share Premium, Beginning balance		164,307	157,151
i) Issue of common shares at USD 0.002		5,051	9,177
ii) Warrant exercise		1,622
iii) Repurchase of shares		97,915	2,021
Share Premium, Ending balance		$ 73,065	$ 164,307

Capital Management - Summary _2

Capital Management - Summary of Authorized Shares, Issued and Fully Paid Up Shares (Parenthetical) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Classes Of Share Capital [Line Items]
Nominal value	$ 1.1211
Correspondent charge to capital reserve recycled	$ 4,898	$ 5,240
Share Premium
Disclosure Of Classes Of Share Capital [Line Items]
Nominal value	$ 0.002
Share Capital Evolution
Disclosure Of Classes Of Share Capital [Line Items]
Nominal value	0.002
Class A Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares authorized per share	0.002
Nominal value	0.002	$ 0.002
Class B Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares authorized per share		0.002
Nominal value	$ 0.002	0.002
Undesignated Shares
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares authorized per share		$ 0.002

Capital Management - Additional

Capital Management - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Nov. 15, 2023	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Classes Of Share Capital [Line Items]
Exercise of options		663,897	1,136,375
Correspondent charge to capital reserve recycled		$ 4,898	$ 5,240
Par value change per share		$ 1.1211
Net issuance of exercised warrants	6,334,134	6,334,134
Exercise of warrants per share	$ 18.098
Repurchase of shares		(7,036,236)	(134,946)
Payment for repurchase of shares		$ 97,929	$ 2,021
Dilutive effect of potential ordinary shares		2,619,434
Class A Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued		663,897	1,136,375
Proceeds from issuance of shares		$ 153	$ 3,939
Par value change per share		$ 0.002	$ 0.002
Repurchase of shares		7,036,236
Payment for repurchase of shares		$ 97,915
Class B Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Par value change per share		$ 0.002	$ 0.002

Capital Management - Summary _3

Capital Management - Summary of Breakdown of Capital Reserves and Movements in Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Capital Reserve [Line Items]
Capital Reserve, Beginning balance	$ 16,185	$ 12,741	$ 12,582
Share-options exercise	(4,898)	(5,240)	(6,898)
Share-based payments charges	11,922	9,580	7,596
Forfeitures		(896)	(6)
Warrant exercise	(1,634)		(533)
Capital Reserve, Ending balance	$ 21,575	$ 16,185	$ 12,741

Capital Management - Summary _4

Capital Management - Summary of Breakdown of Capital Reserves and Movements in Reserves (Parenthetical) (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Exercise of options	663,897	1,136,375

Capital Management - Summary _5

Capital Management - Summary of Breakdown of Reserves and Movements in Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Capital Reserve [Line Items]
Reserves, Beginning balance	$ (1,448)	$ (30)	$ 119
Movement of other reserves	(8,360)	(1,418)	(149)
Reserves, Ending balance	$ (9,808)	$ (1,448)	$ (30)

Capital Management - Summary _6

Capital Management - Summary of the Information Used as Base for Calculating Diluted Earnings Per Share (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share [abstract]
Profit attributable to equity shareholders (U.S. Dollars)		$ 148,964,000	$ 108,682,969	$ 77,875,575
Weighted average number of common shares		291,982,305	295,623,702	287,121,304
Adjustments for calculation of diluted earnings per share	[1]	10,976,123	17,514,944	21,809,000
Weighted average number of ordinary shares for calculating diluted earnings per share*		302,958,428	313,138,646	308,930,304
Basic earnings per share		$ 0.51	$ 0.37	$ 0.27
Diluted earnings per share		$ 0.49	$ 0.35	$ 0.25
[1] As of December 31, 2023 , reflects to the dilutive effect of i) 8,560,918 average shares related to share-based payment warrants ( 14,865,332 and 16,353,000 , respectively for the years ended December 31, 2022 and December 31, 2021); and ii) 2,415,205 average shares related to share-based payment plans with employees ( 2,649,612 and 5,456,000 , respectively for the years ended December 31, 2022 and December 31, 2021 ).

Capital Management - Summary _7

Capital Management - Summary of the Information Used as Base for Diluted Earnings Per Share Calculation (Parenthetical) (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share [abstract]
Average shares related to share-based payment warrants	8,560,918	14,865,332	16,353,000
Average shares related to share-based payment plans with employees	2,415,205	2,649,612	5,456,000

Cash and Cash Equivalents - Sch

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of cash and cash equivalents [line items]
Own Balances	$ 222,808		$ 247,833
Merchant Clients Funds	313,352		220,259
Total	$ 536,160	$ 536,160	$ 468,092	$ 336,197	$ 111,733

Cash and Cash Equivalents - Add

Cash and Cash Equivalents - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of cash and cash equivalents [line items]
Cash on hand, demand deposits and other short-term liquid financial instruments	$ 536,160	$ 468,092
Merchant clients funds yet to transfer to own balance amount	$ 59,900	$ 38,119

Financial Assets at Fair Valu_3

Financial Assets at Fair Value Through Profit or Loss - Summary of Financial Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Debt instruments		$ 1,295
Bonds issued by the Treasury department of Argentina	$ 104,387
Total	$ 104,387	$ 1,295

Financial Assets at Fair Valu_4

Financial Assets at Fair Value Through Profit or Loss - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Argentinian federal government bonds rate	88%
Coupon rate of bonds	0.40%
Bonds maturity date	April 2024
TDG24
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Bonds maturity date	April 2024
TDE25
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Bonds maturity date	January 2025
TDG24 and TDE25
Financial Assets At Fair Value Through Profit Or Loss [Line Items]
Annual coupon rate	3.25%

Trade and Other Receivables - S

Trade and Other Receivables - Summary of Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Trade and Other Receivables [Line Items]
Trade receivables	$ 319,921	$ 218,922
Loss allowance	(459)	(280)	$ (322)
Trade receivables net	319,462	218,642
Advances and other receivables	43,912	21,804
Total	$ 363,374	$ 240,446

Trade and Other Receivables -_2

Trade and Other Receivables - Summary of Impairment Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Trade and Other Receivables [Line Items]
Beginning balance	$ (280)	$ (322)
(Increase) / Decrease in loss allowance for trade receivables	(318)	42
Write-off	139
Ending balance	(459)	(280)
Net impairment (loss)/gain for trade receivables	$ (318)	$ 42

Trade and Other Receivables - A

Trade and Other Receivables - Additional Information (Details)	Dec. 31, 2023	Dec. 31, 2022
0-30 Days
Trade and Other Receivables [Line Items]
Expected credit loss rate	0.20%	0.20%

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Money held in escrow for:	$ 11,635	$ 43,814
Advance payments to merchants		12,863
Rental guarantees	147	112
Deposits in brokers		5,576
Loss allowance		(5,576)
Total current Other Assets	11,782	56,789
Stand by Credit Letters Required by Merchants
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Money held in escrow for:		18,575
Banks requirements
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Money held in escrow for:	3,000	19,988
Processors and Others Requirements
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Money held in escrow for:	5,072	1,688
Credit Card Requirements
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Money held in escrow for:	$ 3,563	$ 3,563

Other Assets - Summary of Oth_2

Other Assets - Summary of Other Assets (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 28, 2023	Dec. 31, 2023	Dec. 31, 2022	Nov. 11, 2022
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Deposits in brokers			$ 5,576
FTX Trading Ltd
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Percentage of deposit for sale	100%
Deposits in brokers	$ 3,454	$ 3,454		$ 5,576

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	$ 2,734	$ 2,485
Additions	1,088	987
Disposals	(123)
Depreciation of the year	(782)	(738)	$ (377)
Property, plant and equipment, opening book value, Total	2,917	2,734	2,485
Cost
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	4,067	3,080
Property, plant and equipment, opening book value, Total	5,032	4,067	3,080
Accumulated Amortization
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	(1,333)	(595)
Property, plant and equipment, opening book value, Total	(2,115)	(1,333)	(595)
Computer Equipment
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	1,695	1,270
Additions	1,088	987
Disposals	(123)
Depreciation of the year	(656)	(562)
Property, plant and equipment, opening book value, Total	2,004	1,695	1,270
Computer Equipment | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	2,810	1,823
Property, plant and equipment, opening book value, Total	3,775	2,810	1,823
Computer Equipment | Accumulated Amortization
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	(1,115)	(553)
Property, plant and equipment, opening book value, Total	(1,771)	(1,115)	(553)
Building Improvements
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	1,039	1,215
Depreciation of the year	(126)	(176)
Property, plant and equipment, opening book value, Total	913	1,039	1,215
Building Improvements | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	1,257	1,257
Property, plant and equipment, opening book value, Total	1,257	1,257	1,257
Building Improvements | Accumulated Amortization
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment, Opening book value	(218)	(42)
Property, plant and equipment, opening book value, Total	$ (344)	$ (218)	$ (42)

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - Computer Equipment - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Property Plant And Equipment [Line Items]
Impairment loss recognized	$ 0	$ 0
Reversal of impairment losses	$ 0	$ 0

Leases - Summary of Lease Amoun

Leases - Summary of Lease Amounts Recognized in Consolidated Statements of Financial Position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Leases [Line Items]
Right-of-use assets	$ 3,689	$ 3,934
Lease liabilities
Current	626	686
Non-current	3,331	3,393
Lease liabilities	3,957	4,079
Offices
Disclosure Of Leases [Line Items]
Right-of-use assets	$ 3,689	$ 3,934

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Presentation of leases for lessee [abstract]
Additions to right-of-use assets	$ 339	$ 328
Principal cash outflow for leases	$ 1,103	$ 386

Leases - Summary of Lease Amo_2

Leases - Summary of Lease Amounts Recognized in Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Leases [Line Items]
Amortization of right of use assets	$ 627	$ 518
Interest charges for lease liabilities (included within Finance Costs line item)	578	177
Leases expense for short-term leases (included within General and administrative expense line item)	457	332
Offices
Disclosure Of Leases [Line Items]
Amortization of right of use assets	$ 627	$ 518

Intangible Assets - Schedule of

Intangible Assets - Schedule of Detailed Information About Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Intangible Assets [Line Items]
Net book amount	$ 51,443	$ 46,969
Additions	17,260	11,365
Amortization of the period	(10,816)	(6,891)	$ (3,917)
Net book amount	57,887	51,443	46,969
Cost
Disclosure Of Intangible Assets [Line Items]
Net book amount	63,087	51,722
Net book amount	80,347	63,087	51,722
Accumulated Amortization
Disclosure Of Intangible Assets [Line Items]
Net book amount	(11,644)	(4,753)
Net book amount	(22,460)	(11,644)	(4,753)
Internally Generated Software
Disclosure Of Intangible Assets [Line Items]
Net book amount	15,779	9,207
Additions	16,694	11,365
Amortization of the period	(8,710)	(4,793)	(2,344)
Net book amount	23,763	15,779	9,207
Internally Generated Software | Cost
Disclosure Of Intangible Assets [Line Items]
Net book amount	23,752	12,387
Net book amount	40,446	23,752	12,387
Internally Generated Software | Accumulated Amortization
Disclosure Of Intangible Assets [Line Items]
Net book amount	(7,973)	(3,180)
Net book amount	(16,683)	(7,973)	(3,180)
Acquired Intangible Asset
Disclosure Of Intangible Assets [Line Items]
Net book amount	35,664	37,762
Additions	566
Amortization of the period	(2,106)	(2,098)
Net book amount	34,124	35,664	37,762
Acquired Intangible Asset | Cost
Disclosure Of Intangible Assets [Line Items]
Net book amount	39,335	39,335
Net book amount	39,901	39,335	39,335
Acquired Intangible Asset | Accumulated Amortization
Disclosure Of Intangible Assets [Line Items]
Net book amount	(3,671)	(1,573)
Net book amount	$ (5,777)	$ (3,671)	$ (1,573)

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Detailed Information About Intangible Assets (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Intangible Assets [Line Items]
Additions	$ 17,260	$ 11,365
Capitalized Salaries and Wages
Disclosure Of Intangible Assets [Line Items]
Additions	$ 16,694	$ 11,357

Trade and Other Payables - Summ

Trade and Other Payables - Summary of Trade and Other Payables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Trade and Other Payables [Line Items]
Trade Payables	$ 572,394	$ 395,134
Accrued Liabilities	10,192	5,801
Other Payables	19,907	6,939
Total	$ 602,493	$ 407,874

Borrowings - Additional Informa

Borrowings - Additional Information (Details) $ in Thousands, R$ in Millions	Apr. 19, 2022 USD ($)	Dec. 31, 2023 USD ($)	Apr. 19, 2022 BRL (R$)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 BRL (R$)
Disclosure of detailed information about borrowings [abstract]
Borrowings	$ 14,782	$ 0	R$ 37.5	$ 5,000	R$ 27.0
Borrowings, interest rate				1.85%	1.85%
Notional amount				$ 5,014
Borrowings, interest rate basis	1.70
Borrowings, adjustment to interest rate basis	118.14%		118.14%

Tax Liabilities - Summary of Ta

Tax Liabilities - Summary of Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Tax Liabilities [Abstract]
Income tax payable	$ 20,280	$ 6,047
Other tax liabilities	520	5,648
Income tax perception	159	2,792
Digital services VAT withholding	341	2,555
Other Taxes	20	301
Total	$ 20,800	$ 11,695

Derivative Financial Instrume_3

Derivative Financial Instruments - Summary of Short-term Derivative Contracts (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Derivative financial instruments	$ 948	$ 544
Other Derivative Financial Instruments
Disclosure of detailed information about financial instruments [line items]
Derivative financial instruments	1,092	662
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Brazilian Real/Reais
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	3,715,176	22,436,774
Derivative financial instruments	(30)	122
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Argentinean Peso
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	3,400,000	6,600,000
Derivative financial instruments	7	(6)
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Egyptian Pound
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	20,865,500	12,979,395
Derivative financial instruments	1,479	1,002
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Moroccan Dirham
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	6,263,269	159,000
Derivative financial instruments	(240)	(12)
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Nigerian naira
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD		8,863,831
Derivative financial instruments		(15)
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Indian Rupee
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	2,397,451	5,920,282
Derivative financial instruments	(7)	2
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | South African Rand
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	8,127,767	5,176,642
Derivative financial instruments	(230)	(235)
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Peruvian Sol
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	1,200,000
Derivative financial instruments	(67)
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy USD | Vietnamese Dong
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	4,054,096
Derivative financial instruments	(32)
Other Derivative Financial Instruments | Non-Delivery Forwards | Sell USD | Brazilian Real/Reais
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD		(959,141)
Derivative financial instruments		(15)
Other Derivative Financial Instruments | Non-Delivery Forwards | Sell USD | Moroccan Dirham
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	(3,274,071)
Derivative financial instruments	(28)
Other Derivative Financial Instruments | Non-Delivery Forwards | Sell USD | Indian Rupee
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	(950,435)	(566,948)
Derivative financial instruments	(1)	1
Other Derivative Financial Instruments | Non-Delivery Forwards | Sell USD | South African Rand
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	(2,344,571)	(2,626,458)
Derivative financial instruments	12	(11)
Other Derivative Financial Instruments | Non-Delivery Forwards | Sell USD | Peruvian Sol
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	(1,251,563)
Derivative financial instruments	62
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy EUR | Moroccan Dirham
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	1,490,406	6,834,496
Derivative financial instruments	(51)	31
Other Derivative Financial Instruments | Non-Delivery Forwards | Buy EUR | US Dollar
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	29,113,656
Derivative financial instruments	480
Other Derivative Financial Instruments | Non-Delivery Forwards | Sell Eur | US Dollar
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	(6,323,275)
Derivative financial instruments	(40)
Other Derivative Financial Instruments | Delivery Forwards | Buy USD | Chilean Peso
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	19,873,706	18,750,385
Derivative financial instruments	(174)	(250)
Other Derivative Financial Instruments | Delivery Forwards | Buy USD | Uruguayan Peso
Disclosure of detailed information about financial instruments [line items]
Notional amount in USD	2,552,177	2,240,602
Derivative financial instruments	$ (48)	$ 48

Derivative Financial Instrume_4

Derivative Financial Instruments - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Disclosure Of Derivative Financial Instruments [Line Items]
Outstanding options to purchase common shares | shares	6,962,302	3,534,561	4,032,345
Right exercised | shares	663,897	1,136,375
Derivative financial liability	$ 948	$ 544
Net foreign exchange gain (loss)	17,433
Foreign exchange loss	(17,656)	(14,832)
Foreign exchange loss relation processed volume	17,656
Costs of services
Disclosure Of Derivative Financial Instruments [Line Items]
Net foreign exchange gain (loss)	17,433	14,559
Foreign exchange loss		(273)	$ (2,100)
Finance costs
Disclosure Of Derivative Financial Instruments [Line Items]
Net foreign exchange gain (loss)	$ 28,013	$ 18,763

Provisions - Summary of Movemen

Provisions - Summary of Movements in Labor Provisions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Provisions [abstract]
Carrying amount, beginning balance	$ 1,473	$ 1,710
Reversal to labor provision	(1,150)	(419)
Interest charges for labor provision	39	182
Carrying amount, ending balance	$ 362	$ 1,473

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets Related to Internally Generated Software (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Intangible Assets [Line Items]
Net book amount	$ 51,443	$ 46,969
Additions	17,260	11,365
Amortization of the period	(10,816)	(6,891)	$ (3,917)
Net book amount	57,887	51,443	46,969
Cost
Disclosure Of Intangible Assets [Line Items]
Net book amount	63,087	51,722
Net book amount	80,347	63,087	51,722
Accumulated Amortization
Disclosure Of Intangible Assets [Line Items]
Net book amount	(11,644)	(4,753)
Net book amount	$ (22,460)	$ (11,644)	$ (4,753)

Other Contingent Assets, Liab_2

Other Contingent Assets, Liabilities and Commitments - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Other Contingent Assets Liabilities And Commitments [Line Items]
Money Held In Escrow Current	$ 11,635	$ 43,814
dLocal Group Limited
Disclosure Of Other Contingent Assets Liabilities And Commitments [Line Items]
Contingent assets	0	0
Contingent liabilities	$ 0	$ 0

Offsetting Financial Assets a_3

Offsetting Financial Assets and Financial Liabilities - Summary of Recognized Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial assets, Gross amounts	$ 1,039,606	$ 772,186
Financial assets, Gross amounts set off	(21,863)	(4,358)
Financial assets, Net amounts presented	1,017,743	767,828
Financial liabilities, Gross amounts	629,261	428,809
Financial liabilities, Gross amounts set off	(21,863)	(16,312)
Financial liabilities, Net amounts presented	607,398	412,497
Cash and Cash Equivalents
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial assets, Gross amounts	536,160	468,092
Financial assets, Net amounts presented	536,160	468,092
Financial Assets at FVPL
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial assets, Gross amounts	104,387	1,295
Financial assets, Net amounts presented	104,387	1,295
Trade and Other Receivables
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial assets, Gross amounts	385,237	244,804
Financial assets, Gross amounts set off	(21,863)	(4,358)
Financial assets, Net amounts presented	363,374	240,446
Other Assets
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial assets, Gross amounts	11,782	56,789
Financial assets, Net amounts presented	11,782	56,789
Trade and Other Payables
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial liabilities, Gross amounts	624,356	424,186
Financial liabilities, Gross amounts set off	(21,863)	(16,312)
Financial liabilities, Net amounts presented	602,493	407,874
Lease Liabilities
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial liabilities, Gross amounts	3,957	4,079
Financial liabilities, Net amounts presented	3,957	4,079
Derivative Financial Instruments
Disclosure Of Offsetting Of Financial Assets [Line Items]
Financial assets, Gross amounts	2,040	1,206
Financial assets, Net amounts presented	2,040	1,206
Financial liabilities, Gross amounts	948	544
Financial liabilities, Net amounts presented	$ 948	$ 544

Related Parties - Summary of Ex

Related Parties - Summary of Executive Team and Director Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Transactions Between Related Parties [Line Items]
Short-term employee benefits – salaries and wages	$ 2,177	$ 1,767	$ 1,900
Long-term employee benefits – share-based payment	6,822	3,351	7,590
Key management compensation	$ 8,999	$ 5,118	$ 9,490

Related Parties - Summary of Tr

Related Parties - Summary of Transaction with Other Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Transactions Between Related Parties [Line Items]
Transactions with other related parties - Financial expenses	$ 81,024
Merchants
Disclosure of Transactions Between Related Parties [Line Items]
Transactions with merchants - revenues	1,494	$ 1,158	$ 2,030
Preferred Suppliers
Disclosure of Transactions Between Related Parties [Line Items]
Transactions with preferred suppliers (Collection entities) - Costs	$ (53)	$ (621)	$ (561)

Related Parties - Summary of Ou

Related Parties - Summary of Outstanding Balances from Transactions with Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Merchants
Disclosure of Transactions Between Related Parties [Line Items]
Trade receivables	$ 406	$ 428
Trade payables		(482)
Preferred Suppliers
Disclosure of Transactions Between Related Parties [Line Items]
Trade receivables		552
Trade payables	$ (19)	$ (1,258)

Related parties - Additional In

Related parties - Additional Information (Details) $ in Thousands, R$ in Millions	1 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Apr. 19, 2022 USD ($)	Apr. 19, 2022 BRL (R$)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 BRL (R$)
Disclosure of transactions between related parties [line items]
Loan agreement total amount		$ 0	$ 14,782	R$ 37.5	$ 5,000	R$ 27.0
Dlocal Argentina S.A.
Disclosure of transactions between related parties [line items]
Loan agreement total amount	$ 100,000
Maturity date	June, 2024

Share-Based Payment - Summary o

Share-Based Payment - Summary of RSUs, PSUs and Stock Option (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Disclosure of range of exercise prices of outstanding share options [line items]
Average exercise price, Beginning of the year | $ / shares	$ 8.3	$ 1.16
Average exercise price, Granted during the year | $ / shares	5.53	18.9
Average exercise price, Exercised during the year | $ / shares	2.25	3.45
Average exercise price, Forfeited during the year | $ / shares	14.06	10.31
Average exercise price, End of the year | $ / shares	6.86	8.3
Average exercise price per share, Vested and exercisable at the end of the year | $ / shares	$ 7.03	$ 4.06
Number of options and RSUs and PSUs, Beginning of the year | shares	3,534,561	4,032,345
Number of options and RSUs and PSUs, Granted during the year | shares	4,340,239	1,474,463
Number of options and RSUs and PSUs, Exercised during the year | shares	(663,897)	(1,136,375)
Number of options and RSUs and PSUs, Forfeited during the year | shares	(248,601)	(835,872)
Number of options and RSUs and PSUs, End of the year | shares	6,962,302	3,534,561
Number of options and RSUs and PSUs, Vested and exercisable at the end of the year | shares	704,006	347,788

Share-Based Payment -Additional

Share-Based Payment -Additional Information (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) shares $ / shares	Dec. 31, 2022 USD ($) shares $ / shares	Dec. 31, 2021 USD ($) shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options expired	0	0
Number of PSUs, RSUs and stock options outstanding	6,962,302	3,534,561	4,032,345
Compensation expense | $	$ 11,922	$ 8,684	$ 7,590
Average exercise price per share option granted during the period | $ / shares	$ 5.53	$ 18.9
Model Inputs for Measuring Fair Value of Derivative Financial Instrument
Disclosure of terms and conditions of share-based payment arrangement [line items]
Consideration on options granted	0	0
Vested options exercisable period	5 years	5 years
Average exercise price per share option granted during the period | $ / shares	$ 15.93	$ 25.39
Grant date	January 27th, March 20th, June 26th, July 7th, July 24th, August 14th, August 22th, September 1st, October 1st, October 2nd, October 9th, November 22th, December 9th	March 16th, March 28th, May 1st, May 18th, May 26th, July 1st, September 9th, October 17th.
Expiry date	June 30th 2027, January 31th 2028, March 31th 2028, July 31th 2028, August 31th 2028, September 30th 2028, October 31th 2028, November 30th 2028, December 31th 2028	March 16th 2032, March 28th 2032, May 1st 2032, May 18th 2032, May 26th 2032, July 1st 2032, September 9th 2032, October 17th 2032
Average share price, share options granted | $ / shares	$ 16.97	$ 26.79
Average expected price volatility of shares	47.70%	43.80%
Average risk-free interest rate	3.90%	3.10%
Top of Range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Average expected price volatility of shares	60%
Bottom of Range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Average expected price volatility of shares	55%
PSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of PSUs, RSUs and stock options outstanding	200,000
RSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of PSUs, RSUs and stock options outstanding	3,397,042
Stock Options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of PSUs, RSUs and stock options outstanding	3,365,260

Cash Flow Disclosures - Summary

Cash Flow Disclosures - Summary of Net Debt and the Movements in Net Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Borrowings [Line Items]
Cash and cash equivalents	$ 536,160	$ 536,160	$ 468,092	$ 336,197	$ 111,733
Financial assets at fair value through profit or loss	102,677		1,295
Lease liabilities	(3,957)		(4,079)
Derivative financial instrument	$ (948)		$ (544)

Financial Risk Management - Sum

Financial Risk Management - Summary of Maximum Exposure to Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Financial Instruments [Line Items]
Cash and cash equivalents	$ 536,160	$ 536,160	$ 468,092	$ 336,197	$ 111,733
FVPL	104,387		1,295
Lease liabilities	(3,957)		(4,079)
Trade and Other Receivables	363,374		240,446
Derivative Financial Instrument	2,040		1,206
Other Assets	11,782		56,789
Maximum exposure to credit risk	$ 1,017,743		$ 767,828

Financial Risk Management - S_2

Financial Risk Management - Summary of Credit Risk Rating for Trade and Other Receivables at Geographical Regions (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	$ 363,374	$ 240,446
A
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	42,618	18,880
AA
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	392
AAA
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	7,319	2,213
B
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	24,345	11,043
BB
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	172,833	137,286
BBB
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	89,047	29,161
C
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	279
CC
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	11,251
CCC
Disclosure of detailed information about financial instruments [line items]
Trade and Other Receivables	$ 15,290	$ 41,863

Financial Risk Management - S_3

Financial Risk Management - Summary of Group Exposure to Foreign Currency Risk (Details) - Currency Risk - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Financial Instruments [Line Items]
Net balances	$ 101,813	$ 120,639
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component	(10,182)	(12,064)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	10,182	12,064
United States Dollar
Disclosure of Financial Instruments [Line Items]
Net balances		$ 47,162
Percentage of reasonably possible increase in risk assumption		10%
Percentage of reasonably possible decrease in risk assumption		(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component		$ (4,716)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component		4,716
Brazilian Real/Reais
Disclosure of Financial Instruments [Line Items]
Net balances	$ 29,145	$ 27,841
Percentage of reasonably possible increase in risk assumption	10%	10%
Percentage of reasonably possible decrease in risk assumption	(10.00%)	(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component	$ (2,915)	$ (2,784)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	2,915	2,784
Indian Rupee
Disclosure of Financial Instruments [Line Items]
Net balances		$ 16,530
Percentage of reasonably possible increase in risk assumption		10%
Percentage of reasonably possible decrease in risk assumption		(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component		$ (1,653)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component		1,653
Egyptian Pounds
Disclosure of Financial Instruments [Line Items]
Net balances		$ 16,243
Percentage of reasonably possible increase in risk assumption		10%
Percentage of reasonably possible decrease in risk assumption		(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component		$ (1,624)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component		1,624
Argentine Pesos
Disclosure of Financial Instruments [Line Items]
Net balances	$ 12,769	$ 12,863
Percentage of reasonably possible increase in risk assumption	10%	10%
Percentage of reasonably possible decrease in risk assumption	(10.00%)	(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component	$ (1,276)	$ (1,286)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	1,276	$ 1,286
South African Rand
Disclosure of Financial Instruments [Line Items]
Net balances	$ 9,107
Percentage of reasonably possible increase in risk assumption	10%
Percentage of reasonably possible decrease in risk assumption	(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component	$ (911)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	911
Mexican Pesos
Disclosure of Financial Instruments [Line Items]
Net balances	$ 39,825
Percentage of reasonably possible increase in risk assumption	10%
Percentage of reasonably possible decrease in risk assumption	(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component	$ (3,983)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	3,983
Saudi Riyal
Disclosure of Financial Instruments [Line Items]
Net balances	$ 10,966
Percentage of reasonably possible increase in risk assumption	10%
Percentage of reasonably possible decrease in risk assumption	(10.00%)
Increase (decrease) in profit and loss due to reasonably possible increase in designated risk component	$ (1,097)
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	$ 1,097

Financial Risk Management - S_4

Financial Risk Management - Summary of contractual undiscounted cash flows (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Non Derivatives
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	$ 606,450	$ 411,953
Non Derivatives | Trade and Other Payables
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	602,493	407,874
Non Derivatives | Leases Liabilities
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	3,957	4,079
Derivatives
Disclosure of Financial Instruments [Line Items]
Total derivatives	948	544
Derivatives | Derivative Financial Instruments
Disclosure of Financial Instruments [Line Items]
Total derivatives	948	544
Less than 6 months | Non Derivatives
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	602,710	408,170
Less than 6 months | Non Derivatives | Trade and Other Payables
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	602,493	407,874
Less than 6 months | Non Derivatives | Leases Liabilities
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	217	296
Less than 6 months | Derivatives
Disclosure of Financial Instruments [Line Items]
Total derivatives	948	544
Less than 6 months | Derivatives | Derivative Financial Instruments
Disclosure of Financial Instruments [Line Items]
Total derivatives	948	544
6-12 months | Non Derivatives
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	409	394
6-12 months | Non Derivatives | Leases Liabilities
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	409	394
Between 1 and 2 years | Non Derivatives
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	584	546
Between 1 and 2 years | Non Derivatives | Leases Liabilities
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	584	546
More than 2 years | Non Derivatives
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	3,017	3,628
More than 2 years | Non Derivatives | Leases Liabilities
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	3,017	3,628
Total Contractual cash flows | Non Derivatives
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	606,720	412,738
Total Contractual cash flows | Non Derivatives | Trade and Other Payables
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	602,493	407,874
Total Contractual cash flows | Non Derivatives | Leases Liabilities
Disclosure of Financial Instruments [Line Items]
Total non-derivatives	4,227	4,864
Total Contractual cash flows | Derivatives
Disclosure of Financial Instruments [Line Items]
Total derivatives	948	544
Total Contractual cash flows | Derivatives | Derivative Financial Instruments
Disclosure of Financial Instruments [Line Items]
Total derivatives	$ 948	$ 544

Financial Risk Management - S_5

Financial Risk Management - Summary of Net Cash (Details) - Capital Management - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Cash and cash equivalents	$ 536,160	$ 468,092
Financial assets at fair value through profit or loss	102,677	1,295
Lease liabilities	(3,957)	(4,079)
Current derivative financial liabilities	(948)	(544)
Net cash/(debt)	633,932	464,764
Cash And Liquid Investments	638,837	469,387
Gross debt – fixed interest rates	$ (4,905)	$ (4,623)

Financial Risk Management - Add

Financial Risk Management - Additional Information (Details) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)
Disclosure of Financial Instruments [Line Items]
Minimum capital requirement imposed by regulator			$ 600	€ 530
Tier one capital temporarily short respect of regulatory capital requirement	$ 37,666
Tier one capital requirement post verification	4,621
Externally imposed minimum capital requirement by regulator	$ 600	€ 530
Sensitivity Analysis - Equity Price Risk
Disclosure of Financial Instruments [Line Items]
Percentage of increase in Index	10%	10%
Increase of USD after tax	$ 10,438
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component	$ 10,438

Fair Value Hierarchy - Summary

Fair Value Hierarchy - Summary of Financial Instruments Measured at Amortized Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Financial Instruments [Line Items]
FVPL	$ 106,427	$ 2,501
Amortized cost	911,316	765,327
Total	1,017,743	767,828
FVPL	(948)	(544)
Amortized cost	(606,450)	(411,953)
Total	(607,398)	(412,497)
Financial Assets at Fair Value through Profit or Loss
Disclosure of Financial Instruments [Line Items]
FVPL	104,387	1,295
Total	104,387	1,295
Cash and Cash Equivalents
Disclosure of Financial Instruments [Line Items]
Amortized cost	536,160	468,092
Total	536,160	468,092
Other Assets
Disclosure of Financial Instruments [Line Items]
Amortized cost	11,782	56,789
Total	11,782	56,789
Trade and Other Receivables
Disclosure of Financial Instruments [Line Items]
FVPL		1,206
Amortized cost	363,374	240,446
Total	363,374	240,446
Lease Liabilities
Disclosure of Financial Instruments [Line Items]
Amortized cost	(3,957)	(4,079)
Total	(3,957)	(4,079)
Trade and Other Payables
Disclosure of Financial Instruments [Line Items]
Amortized cost	(602,493)	(407,874)
Total	(602,493)	(407,874)
Derivative Financial Instruments
Disclosure of Financial Instruments [Line Items]
FVPL	2,040
Total	2,040	1,206
FVPL	(948)	(544)
Total	948	544
Level 1
Disclosure of Financial Instruments [Line Items]
Total	104,387	1,295
Level 1 | Financial Assets at Fair Value through Profit or Loss
Disclosure of Financial Instruments [Line Items]
Total	104,387	1,295
Level 2
Disclosure of Financial Instruments [Line Items]
Total	2,040	1,206
Total	(948)	544
Level 2 | Trade and Other Receivables
Disclosure of Financial Instruments [Line Items]
Total		1,206
Level 2 | Derivative Financial Instruments
Disclosure of Financial Instruments [Line Items]
Total	2,040
Total	$ 948	$ 544

Fair Value Hierarchy - Addition

Fair Value Hierarchy - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Level 3
Disclosure of Financial Instruments [Line Items]
Financial assets	$ 0	$ 0
Level 2 and 3
Disclosure of Financial Instruments [Line Items]
Transfers Out Of Level 3 Of Fair Value Hierarchy Liabilities	$ 0