Grab Holdings Limited (NASDAQ: GRAB) and Singtel announced today that GXS Bank Pte. Ltd., their digital bank joint venture, and a consortium of Malaysian investors including Kuok Brothers Sdn. Bhd (the “Malaysia digital bank consortium”) have been selected to receive a full digital banking licence in Malaysia, subject to meeting all of Bank Negara Malaysia’s […]
Grab Financial Group and Sedania Introduce Grab Cash Financing-i
Grab Financial Group (GFG) Malaysia and SEDANIA Innovator Bhd’s fintech subsidiary SEDANIA As Salam Capital Sdn Bhd (SASC) are partnering to officially offer Grab Cash Financing-i, a Shariah compliant* financing product, to eligible Grab driver- and delivery-partners. Grab Cash Financing-i aims to provide Grab’s driver- and delivery-partners with convenient and secure access to financing, so […]
PENJANA’s ‘Shop Online Malaysia’ is part of Cashless Adoption Campaign
Sean Goh, Managing Director of Grab Malaysia On behalf of Grab, we are excited about and supportive of the Pelan Jana Semula Ekonomi Negara (PENJANA) by the government. As a homegrown tech enabler and proponent of the digital economy, we are honoured to be a part of the government’s Shop Online Malaysia and cashless adoption […]
Microsoft to invest in Southeast Asian ride-hailing firm Grab
Microsoft Corp is investing in Southeast Asian ride-hailing firm Grab as part of a partnership that the two companies said will allow them to collaborate on technology projects, including big data and artificial intelligence. Ed Giles reports SOURCE: Reuters
Grab gets financing from China’s Didi and Japan’s SoftBank
Grab will be getting some US$2.0 billion from Didi Chuxing and SoftBank Group to lead its current financing round. Grab anticipates that it will raise an additional US$500 million, bringing the total to US$2.5 billion in this round from existing and new investors. This is the largest single financing in the history of Southeast Asia. […]