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Funding

Grab’s Fintech Arm Secures Over US$300 Million in Series A Funding Round

Grab Financial Group (GFG), the fintech arm of Grab, announced that it has raised over US$300 million in its Series A funding round, led by Hanwha Asset Management Co. Ltd., South Korean asset management company. Other investors in the round

Lending Open Banking

Grab Ties up With Citi to Offer in-App Loans

Citi and Grab, South East Asia’s super app, have expanded their partnership in consumer lending with the launch of the bank’s first API-enabled lending capability in Asia Pacific. Beginning with Singapore with more markets in the region to follow, existing

Indonesia

Grab Doubles Down in Indonesia With Investment in E-Wallet LinkAja and New Tech Center

Grab doubles down on Indonesia by leading a Series B funding round worth US$100 million in Indonesian e-wallet LinkAja and the establishment of a new Tech Center. The funding round includes investments from Telkomsel, BRI Ventura Investama, and Mandiri Capital

Mobile Payments Philippines

Grab Launches a Fully Digital GrabPay Card in Philippines

Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience

Various

Grab Hires Ex-Acvtivision Blizzard Veteran Peter Oey as Chief Financial Officer

Grab, announced today that it has strengthened its finance division by hiring corporate finance veteran, Peter Oey, as Chief Financial Officer. Mr. Oey brings over 20 years of corporate financial and strategic planning experience to Grab, joining from legal technology

Various

Grab Collaborates with IMDA to Pilot its Accelerator Programme

Grab and the Infocomm Media Development Authority (IMDA) today announced a partnership to pilot Grab Ventures Ignite (GVI), a 14-week accelerator programme, for Singapore-based startups with interest to venture overseas. The Singapore pilot of GVI will focus on high potential

Mobile Payments

Grab Picks Wirecard to Process its Transactions in Malaysia, Philippines and Singapore

Wirecard is entering into a payments partnership with Grab, Southeast Asia’s leading super app, that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets. Through this partnership, Wirecard will

Vietnam

Grab Launches Early-Stage Startup Accelerator in Vietnam

Grab, today announced the launch of Grab Ventures Ignite, an accelerator programme for early-stage startups, which it said is a part of the Grab for Good development roadmap in Vietnam which aims to create greater social and economic benefits for

Top Picks Virtual Banking

Here Are The Contenders to Singapore’s Digital Banking Race

Singapore’s digital banking license was perhaps one of the most widely discussed topic in 2019 within fintech circles and we suspect 2020 will not be too different with MAS anticipated to issue licenses by mid-2020. There were many speculations as

Wealthtech

Grab Moves into Robo-Advisory with Acquisition of Bento

Grab today announced the acquisition of Bento a Singapore-based robo-advisory start-up for an undisclosed sum, that will allow Grab to offer retail wealth management solutions to users, driver-partners and merchant-partners, via the Grab app. With the acquisition, Bento will be