cust.co / Compare / Grab Holdings vs DLocal

Grab Holdings vs DLocal - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

Grab Holdings (GRAB)
98%
FY-2023 · Fintech SaaS
vs
DLocal (DLO)
140%
FY2026-Q1 · Fintech SaaS
DLocal leads by +42pp on latest NRR (140% vs 98%).

NRR over time

83%102%121%139%158% FY-2022FY-2024FY2025-Q1FY2025-Q4FY2026-Q1 NRR Grab Holdings DLocal Grab Holdings - FY-2022: 92% Grab Holdings - FY-2023: 98% DLocal - FY-2024: 140% DLocal - FY2024-Q4: 140% DLocal - FY2025-Q1: 144% DLocal - FY2025-Q3: 149% DLocal - FY2025-Q4: 145% DLocal - FY-2025: 149% DLocal - FY2026-Q1: 140%

DLocal hit a higher all-time peak (149% in FY2025-Q3).

Stat-by-stat

Metric Grab Holdings DLocal
Latest NRR 98% 140%
All-time peak NRR 98% 149%
All-time low NRR 92% 140%
QoQ change +6pp -9pp
YoY change - -4pp
3-year change - -
Disclosures tracked 2 7

Customer cohorts

MetricGrab HoldingsDLocal
Total customers 44,000,000 760
Over $100K ARR - -
Over $1M ARR - -
Top-10 concentration - 60%
Average ACV - -
US revenue mix - -

Post-sales motion

MetricGrab HoldingsDLocal
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence consumption consumption
CSM coverage model hybrid account-named
Top customer exec - -

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