Tag "Grab"
Grab Shuts Down Investment Business, Users Have Until 13 Oct to Withdraw Funds
Ride-hailing and food delivery superapp Grab announced that it will be shuttering its investment business in Singapore by discontinuing its AutoInvest and Earn+ products. Micro-investment platform AutoInvest is Grab’s first retail wealth management product was formed as a result of
Read More
Grab Partners Circle to Bring Web3.0 Experiences for Singapore Users
Circle Internet Financial and Southeast Asian ride-hailing super app Grab has partnered to pilot Web3.0 customer experiences in Singapore. Grab’s foray into Web3.0 was reported by Fintech News Singapore on Monday (11 September). The article features screen grabs of the
Read More
Grab Integrates Web3.0 Services, Allows Singapore Users to Set Up Wallets
Southeast Asian ride-hailing super app Grab has integrated Web3.0 services into its platform, allowing users to set up Web3.0 wallets, participate in blockchain rewards programmes, and even make payments using NFTs, according to crypto journalist Wu Blockchain. Grab has yet
Read More
Fintech Layoffs Rock Asia in 2023: Who’s Next?
The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and the need for cost-cutting measures. From Singapore to Hong Kong, prominent fintech players have been forced
Read More
Grab Indonesia’s President Ridzki Kramadibrata Moves on to Commissioner Role
Southeast Asian superapp Grab Indonesia has appointed Ridzki Kramadibrata as a member of the Board of Commissioners, effective 1 July 2023 onwards. Ridzki joined Grab Indonesia as a Managing Director in January 2016 before he was promoted as the President
Read More
Grab to Layoff 1,000 Employees, Stresses Its Not a “Shortcut to Profitability”
Singapore-based tech giant Grab Holdings will be laying off 1,000 of its employees in a “painful but necessary step” according to an email extract that CEO Anthony Tan had sent out company-wide yesterday. He stressed that the decision was not
Read More
Grab’s Co-Founder Tan Hooi Ling to Step Down by Year End
Southeast Asian superapp Grab announced that its co-founder Tan Hooi Ling intends to step down from her operating roles, including her directorship, by the end of 2023. Tan, who had co-founded Grab with Group CEO Anthony Tan in 2012, has
Read More
LinkedIn Ranked DBS, StanChart, Grab as Best Workplaces to Grow a Career in Singapore
LinkedIn, a business and employment-focused social media platform, has ranked DBS Bank as the best workplace to grow a career in Singapore. The 3rd annual LinkedIn Top Companies also featured other financial institutions including Standard Chartered Bank, Mastercard, Citi, Grab,
Read More
Grab’s CFO Peter Oey Sells Stake Worth US$1.1 Million
Grab’s Chief Financial Officer Peter Oey has sold his stake in the Southeast Asian superapp worth US$1.1 million according to a report by Bloomberg. Oey and, one affiliated person Eve Oey, sold 341,202 shares at an average price of US$3.17
Read More
Grab Prepays US$600 Million in Debt Ahead of 2026 Maturity
Southeast Asian superapp Grab has prepaid US$600 million (S$806.82 million) in debt ahead of a 2026 maturity as it had excess cash on its balance sheet, according to a report by Bloomberg. This move brought down its debt under an outstanding
Read More