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  "documentTitle": "dLocal (DLO)",
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  "notes": "The slide uses a combination of financial analysis and personnel tracking to cast doubt on company stability.",
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      "text": "1. Sumita Pandit, COO\n2. Hernan Di Chello, CTO\n3. Simon Vella, MD, dLocal Limited (Malta)\n4. Martin Zanella, Global VP Finance\n5. Rodrigo Jorge Sanchez Prandi",
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      "text": "We believe there is a sixth to add to this list: Tim Werner, DLO’s recently appointed General Manager for APAC and the former MD and co-founder of PrimeiroPay.",
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      "text": "General Atlantic (“GA”) is DLO’s largest outside shareholder, holding a 19.4% stake as of the end of 2Q22. However, General Atlantic has already recouped its investment in full, plus significant gains.",
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      "text": "116 Calculated subsequent to the pre-IPO 500:1 split\n117-123 [List of URLs and notes]",
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      "text": "General Atlantic is Now Playing with House Money – Is it Really a Seal of Approval?",
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