Singapore’s Grab set to discontinue GrabPay Card from 1 June
The company stopped accepting applications for new cards on 1 April.
Grab
Singapore’s GXS Bank reportedly receives $109m investment from parent company Grab
The capital injection follows a $104m investment in July and a $56.8m investment in April last year.
Singapore’s Grab pulls the plug on investment services citing non-viability
Customers will have to withdraw their money by 13 October, after which the accounts will be permanently closed.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
Grab’s fintech arm lands $300m Series A
Grab Financial Group saw its total revenues jump up by more than 40% in 2020.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
Grab leads $100m investment in Indonesian e-wallet LinkAja
Singaporean fintech begins investment project in Indonesia.
Grab in talks for $300-500m AIA & Prudential investment
The up-to-$500-million target is to be spread over a number of rounds.
Grab launches micro-investment, third-party loan and BNPL offerings
The firm is further cementing itself in the financial services industry.
Wirecard and Singapore’s Grab partner on payments
The partnership will begin in Malaysia, the Philippines and Singapore.
Grab buys Singapore robo-advisory start-up Bento
Bento will be rebranded as GrabInvest.
Expensify integrates with Southeast Asia ride-sharing firm Grab
This includes Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia.
SoftBank and Microsoft power Grab’s $4.5bn funding frenzy
Other investors in its current Series H funding round include Toyota, Hyundai, Ping An, and Yamaha.
ZhongAn and Grab clutch at SE Asia’s digital insurance market
Their joint venture will distribute products via Grab’s app.
Grab gets $50m funding from Kasikornbank
They also unveil GrabPay by KBank, a co-branded mobile wallet.
Maybank makes a Grab for cashless payments in Malaysia
Bank and ride-hailing service team up.
Uber rival Grab buys payments start-up Kudo
Grab, a ride-hailing and mobile payments platform in Southeast Asia, will acquire Indonesia-based O2O (online to offline) ecommerce platform Kudo. The Kudo team and platform will be integrated with Grab’s proprietary mobile payments platform, GrabPay. According to Grab, Kudo’s O2O platform allows Indonesia’s unbanked consumers to shop online by connecting them with merchants and service […]
