<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0000950103-22-002416</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Fogel Kaplan Sergio Enrique -->
          <cik>0001910028</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Class A Common Shares, par value $0.002 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001846832</issuerCik>
        <issuerName>dLocal Ltd</issuerName>
        <issuerCusip>G29018101</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>DR. LUIS BONAVITA, 1294</com:street1>
          <com:city>MONTEVIDEO</com:city>
          <com:stateOrCountry>X3</com:stateOrCountry>
          <com:zipCode>11300</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Sergio Enrique Fogel Kaplan</reportingPersonName>
      <citizenshipOrOrganization>X3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>50893599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>50893599.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>50893599.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>25.4</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>(1) Aggregate Amount Beneficially Owned by Each Reporting Person consists of 48,718,177 Class B common shares and 2,175,422 Class A common shares held indirectly through IZBA S.A.

(2) Percent of class represents the quotient obtained by dividing (a) the number of common shares beneficially owned by the Reporting Person as set forth in row 9 by (b) the sum of (i) 151,420,944 Class A common shares outstanding as of December 31, 2024, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of Class B common shares beneficially owned by the Reporting Person. The aggregate number of Class B common shares beneficially owned by the Reporting Person as set forth in clauses "(a)" and "(b)" of this footnote are treated as converted into Class A common shares only for the purpose of computing the percentage ownership of the Reporting Person.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>IZBA S.A.</reportingPersonName>
      <citizenshipOrOrganization>R1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>50893599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>50893599.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>50893599.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>25.4</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>(1)  Aggregate Amount Beneficially Owned by Each Reporting Person consists of 48,718,177 Class B common shares and 2,175,422 Class A common shares.

(2) Percent of class represents the quotient obtained by dividing (a) the number of common shares beneficially owned by the Reporting Person as set forth in row 9 by (b) the sum of (i) 151,420,944 Class A common shares outstanding as of December 31, 2024, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of Class B common shares beneficially owned by the Reporting Person. The aggregate number of Class B common shares beneficially owned by the Reporting Person as set forth in clauses "(a)" and "(b)" of this footnote are treated as converted into Class A common shares only for the purpose of computing the percentage ownership of the Reporting Person.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>ALINE EVA HERRNSTADT</reportingPersonName>
      <citizenshipOrOrganization>X3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>50893599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>50893599.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>50893599.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>25.4</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>(1) Aggregate Amount Beneficially Owned by Each Reporting Person consists of 48,718,177 Class B common shares and 2,175,422 Class A common shares held indirectly through IZBA S.A.

(2) Percent of class represents the quotient obtained by dividing (a) the number of common shares beneficially owned by the Reporting Person as set forth in row 9 by (b) the sum of (i) 151,420,944 Class A common shares outstanding as of December 31, 2024, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of Class B common shares beneficially owned by the Reporting Person. The aggregate number of Class B common shares beneficially owned by the Reporting Person as set forth in clauses "(a)" and "(b)" of this footnote are treated as converted into Class A common shares only for the purpose of computing the percentage ownership of the Reporting Person.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>dLocal Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>DR. LUIS BONAVITA, 1294, Montevideo, Uruguay, 11300</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Schedule 13G is being filed by Sergio Enrique Fogel Kaplan, IZBA S.A. and Aline Eva Herrnstadt (the "Reporting Persons"). The Reporting Persons are direct or indirect shareholders of the Issuer.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The principal office and business address of the Reporting person is Dr. Luis Bonavita, 1294, Montevideo, Uruguay, 11300.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See row 4 of the cover pages to this Schedule 13G.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>All ownership percentages assume that there are 151,420,944 Class A common shares outstanding.

The information set forth in Item 2 above is incorporated by reference for the Reporting Person.

Each of Sergio Enrique Fogel Kaplan and Aline Eva Herrnstadt disclaims any beneficial ownership of the shares other than to the extent of any pecuniary interest he or she may have therein, directly or indirectly.

See row 9 of the cover pages to this Schedule 13G.</amountBeneficiallyOwned>
        <classPercent>See row 11 of the cover pages to this Schedule 13G.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See row 5 of the cover pages to this Schedule 13G.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See row 6 of the cover pages to this Schedule 13G.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See row 7 of the cover pages to this Schedule 13G.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See row 8 of the cover pages to this Schedule 13G.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Sergio Enrique Fogel Kaplan</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Sergio Enrique Fogel Kaplan</signature>
        <title>Sergio Enrique Fogel Kaplan</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>IZBA S.A.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aline Eva Herrnstadt</signature>
        <title>Aline Eva Herrnstadt, President</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>ALINE EVA HERRNSTADT</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aline Eva Herrnstadt</signature>
        <title>Aline Eva Herrnstadt</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>