Tagged: grab

January 14, 2021 @ 11:36 pm By Omar Faridi  |  

Grab Financial Group (GFG), the Fintech services division of Grab, has revealed that it has secured more than $300 million in capital through its Series A investment round – which was led by Hanwha Asset Management Co. Ltd., a South Korea based asset management firm…. Read More

January 10, 2021 @ 9:28 pm By Omar Faridi  |  

Citi and Grab, which is Southeast Asia’s super app, have extended their partnership in consumer lending with the introduction of the bank’s API-powered lending solution for consumers in the Asia Pacific (APAC) region. Starting off in Singapore with additional markets in the APAC region to… Read More

December 27, 2020 @ 7:03 pm By JD Alois  |  

Earlier this month, the Monetary Authority of Singapore (MAS) announced the first four digital banks approved by the regulator. The first digital banks out of the gate are the culmination of a multi-year process where MAS. In June 2019, MAS announced it would approve up… Read More

December 24, 2020 @ 8:58 pm By Omar Faridi  |  

The gig economy has been growing steadily in Asian countries like Malaysia, particularly at a time when the COVID-19 outbreak is forcing residents to pick up side jobs to supplement their earnings during these uncertain times. Although the gig economy or temp work opportunities are… Read More

November 11, 2020 @ 9:30 pm By Omar Faridi  |  

Ride-hailing service Grab, which has diversified its business and includes Grab Financial Services, has reportedly led a $100 million Series B investment round in Indonesia-based e-money institution LinkAja. LinkAja’s digital wallet and merchant services businesses are notably the flagship product of PT Fintek Karya Nusantara… Read More

October 28, 2020 @ 5:46 pm By Omar Faridi  |  

Singtel, one of Singapore’s largest telecommunications companies, is now progressing with its initiative to launch a digital bank with the help of the Grab, a multinational ride-hailing service provider. Sachin Mittal, analyst at Singapore’s DBS Bank, said that the joint initiative seems like “a strong… Read More

September 2, 2020 @ 7:48 am By Omar Faridi  |  

Although global Fintech funding declined during the first half of this year, with $25.6 billion of total investment secured globally through 1,221 deals, corporate business deals are driving most of the VC activity. This, according to the Pulse of Fintech H1’20, which is a report… Read More

August 5, 2020 @ 10:22 pm By Omar Faridi  |  

Southeastern Asian ride-hailing service, Grab, has extended its business into the financial services sector, by introducing a micro-investment platform, a third-party loan service, and also a “Buy Now, Pay Later” product for digital commerce sites. Introduced in August 2020, AutoInvest allows consumers based in Singapore… Read More

March 11, 2020 @ 8:17 am By Samantha Hurst  |  

Just a couple of weeks after Securing more than $800 million from Japanese investors, Southeastern Asian ride-hailing services Grab has formed a new partnership with Germany-based global provider of digital payments and commerce solutions Wirecard. The companies revealed that through the partnership, they will see Wirecard… Read More

February 25, 2020 @ 11:11 am By Samantha Hurst  |  

Just days after Mitsubishi UFJ Financial Group Inc. (MUFJ) was reportedly set to invest more than $700 million in Grab, the Southeast Asian ride-hailing giant announced it secured more than $800 million from Japanese investors, which includes MUFJ and also  TIS Inc. As previously reported,… Read More

February 19, 2020 @ 11:32 am By Samantha Hurst  |  

Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG) is set to invest more than $700 million in Southeast Asian ride-hailing giant Grab. According to Bloomberg, the MUFG intends to market a range of financial services from insurance to loans to Grab’s users. Founded in 2012, Grab… Read More

February 4, 2020 @ 8:35 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab announced on Tuesday it is set to acquire Bento Invest Pte Ltd, a Singapore-based robot-advisory startup. Grab reported that with the acquisition, Bento will be rebranded to GrabInvest, which will be a new core business vertical under Grab’s financial services arm,… Read More

January 7, 2020 @ 8:09 pm By Omar Faridi  |  

The ongoing race and competition between local Fintech firms for acquiring a digital banking license in Malaysia continues to intensify, particularly after Bank Negara Malaysia (BNM), the nation’s central bank, revealed additional details regarding the licensing process. BNM’s Exposure Draft on Licensing Framework for Digital… Read More

December 30, 2019 @ 8:48 am By Omar Faridi  |  

Non-financial firm ride-hailing service provider Grab confirmed on December 29 that it is partnering with one of Singapore’s largest telecommunication companies, Singtel, in order to acquire a digital full bank license in the Asian country. Singapore is currently accepting applications for a licenses to establish… Read More

December 24, 2019 @ 11:08 am By Omar Faridi  |  

SoftBank Group-backed Grab Financial Group will reportedly be applying for an online banking license in Singapore, as the company believes that financial businesses will be a key driver for its future growth and development. If Grab manages to acquire the license, then consumers and small… Read More

October 1, 2019 @ 1:57 am By Omar Faridi  |  

Tarin Thaniyavarn, the country head for Fintech firm Grab’s Thailand division, points out that advancements in telecommunications and mobile technology allow users to perform and manage many different tasks from their smartphones. For example, we can book rides, order meals or groceries, and pay for… Read More

January 15, 2019 @ 8:50 pm By JD Alois  |  

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

November 8, 2018 @ 9:04 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab announced on Thursday it has teamed up with KASIKORNBANK (KBank) to introduce GrabPay by KBank, a co-branded mobile wallet, as well as a suite of other financial solutions in Thailand. Grab reported that through the new partnership, it marks the expansion of its… Read More

October 25, 2018 @ 12:00 pm By Samantha Hurst  |  

Singapore-based ride-hailing company Grab has reportedly teamed up with financial giant Mastercard to launch its new prepaid credit cards. This news comes less than a month after Grab received its e-money license for mobile wallet service in the Philippines.  According to TechCrunch, the new deal with Mastercard will… Read More

September 27, 2018 @ 10:34 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab has reportedly secured an e-money license for mobile wallet service in the Philippines.  This news comes just a few months after Grab announced it has teamed up with Malayan Banking Bhd (Maybank) to launch a new cashless payment method known as the GrabPay… Read More