Tagged: grab

December 3, 2023 @ 9:11 am By Michael Wong  |  

GX Bank Berhad (GXBank), Malaysia’s first digital bank backed by Southeast Asia’s super app Grab, has officially launched its app, marking a significant milestone in the country’s banking sector. The launch event, attended by high-profile figures including YBhg. Datuk Johan Mahmood Merican, Secretary General of… Read More

November 19, 2023 @ 2:09 pm By Michael Wong  |  

Ant International, Grab, and StraitsX have announced a collaborative effort to explore the potential application of Purpose Bound Money (PBM) in cross-border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be used and first introduced by MAS… Read More

September 16, 2023 @ 10:40 am By Michael Wong  |  

Global payments company Circle Internet Financial (Circle) and Southeast Asia’s super app Grab announced a groundbreaking partnership that aims to usher in Web3 customer experiences in Singapore. This innovative collaboration will see the integration of Circle’s new Web3 Services platform directly into the Grab app…. Read More

May 30, 2023 @ 11:16 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) recently announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, “by the end of 2023.” Tan will be transitioning into “an advisory role… Read More

September 27, 2022 @ 9:10 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More

September 26, 2022 @ 9:23 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB), Southeast Asia’s superapp, announced that it has promoted Suthen Thomas Paradatheth to Group Chief Technology Officer (GCTO), “effective October 1, 2022.” As Grab’s GCTO, Suthen will be “responsible for driving Grab’s technology vision, strategy and execution across its Deliveries, Mobility,… Read More

September 5, 2022 @ 10:59 pm By Omar Faridi  |  

GXS Bank, the virtual bank joint initiative of ride-hailing company Grab Holdings and Singapore Telecommunications, have reportedly introduced a digital bank in Singapore. Nasdaq-listed Grab’s financial services have become a vital part of its business expansion strategy as it aims to provide banking, virtual payments,… Read More

December 2, 2021 @ 4:40 pm By JD Alois  |  

Grab, an Asian delivery firm and Fintech, traded on the Nasdaq today as part of a SPAC deal that raised gross proceeds of USD $4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The value of the deal was pegged… Read More

November 16, 2021 @ 4:14 pm By Tony Zerucha  |  

Southeast Asian “super-app” Grab is working to restore service today, the company said. Customers across Singapore, Thailand, Malaysia, and Indonesia have reported trouble using the super-app, with some voicing their frustrations on social media. “We experienced a service disruption this morning that impacted a number… Read More

October 17, 2021 @ 7:17 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Grab, which is Southeast Asia’s leading “Super App” provider, announced on October 14, 2021, a regional partnership to support digital and financial inclusion in the region. This partnership will aim to offer millions of informal workers and small businesses on the… Read More

July 21, 2021 @ 10:21 pm By Omar Faridi  |  

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

June 25, 2021 @ 10:31 am By Omar Faridi  |  

Senior management professionals from Fintech giants such as Grab, PayPal, and Stripe have all come together to establish an angel investment network that will aim to channel funds towards early-stage ventures based in Southeast Asia. Established with assistance from Saison Capital and Finantier, the Fintech… Read More

June 10, 2021 @ 11:49 pm By Omar Faridi  |  

GrabPay, the in-app wallet of Super app Grab, recently announced that it has introduced the GrabPay DuitNow QR feature across Malaysia. The GrabPay digital wallet was reportedly the first in Malaysia to sign-up with PayNet and offer this feature which is now available across the… Read More

April 10, 2021 @ 8:46 am By Omar Faridi  |  

Fintech funding has really picked up in 2021. It’s estimated to have already reached $15 billion during the first quarter, according to CB Insights data. In Asia, Fintech-related investments are on track to exceed $2.6 billion, which is notably the continent’s highest quarterly total since… Read More

March 16, 2021 @ 11:05 pm By Omar Faridi  |  

Southeast Asian ride-hailing and food delivery giant Grab Holdings is reportedly holding discussions regarding its plans to go public via a potential merger with a US-based special purpose acquisition company or SPAC. Grab Holdings may be valued at around $53 to $54 billion if these… Read More

February 26, 2021 @ 8:34 pm By Omar Faridi  |  

Southeast Asian Fintech firm Grab has revealed that it will be creating about 350 new jobs in Singapore during 2021 in order to support its ongoing growth and development plans. These new roles and requirements aim to support the Fintech company’s expansion of products and… Read More

February 2, 2021 @ 8:43 pm By Omar Faridi  |  

Southeast Asian Fintech firm Grab has decided to upsize its term loan facility to $2 billion due to  growing interest from new investors. Grab, which is one of Southeast Asia’s largest “Super App” providers, confirmed the successful closing of its first senior secured term loan… Read More

January 28, 2021 @ 8:15 am By Omar Faridi  |  

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

January 20, 2021 @ 12:44 am By Omar Faridi  |  

Buy Now, Pay Later (BNPL) services are being widely-adopted in Southeast Asia. BNPL service providers allow consumers to pay for products via flexible instalment plans. Major Fintechs offering BNPL options in the Southeast Asian region include Grab, GoJek, Razer, Oriente, among others. BNPL lets people… Read More

January 18, 2021 @ 11:31 am By JD Alois  |  

Southeast Asian Fintech Grab may pursue an initial public offering (IPO) during 2021, according to a report. Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week, Affirm (NASDAQ:AFRM) blew the doors off its IPO…. Read More