Grab Financial Group reportedly raises $300mn  

January 07, 2021 | FinTech

Written by FinTech Alliance

Tags

Grab
Grab Financial Group reportedly raises $300mn  

Ride hailing giant Grab’s FinTech arm has raised $300mn according to The Information.  

In Brief:  

  • The round was led by Hanwha Asset Management.  

  • Hanwha is a South Korean conglomerate which invests in a range of businesses including retail and financial services.  

  • Grab currently still has the majority stake in its financial services arm.  

What does this mean?  

Grab has been growing its financial services offering since 2018, having expanded from offering drivers and passengers a way to send and receive money, to now adding payment, investment, insurance and lending options on a more bank-like solution.  

Read more here.  

More in FinTech

Yapily expands into Lithuania  
FinTech
January 19, 2021

Yapily expands into Lithuania  

London-based FinTech Yapily is setting up its third European office in Lithuania.&nbs...

FinTech Scotland announces new CEO  
FinTech
January 13, 2021

FinTech Scotland announces new CEO  

FinTech Scotland has announced Nicola Anderson as its new CEO this week.   In Brief:&nb...

Walmart set to launch a FinTech  
FinTech
January 13, 2021

Walmart set to launch a FinTech  

US grocery giant Walmart has announced plans to launch a FinTech startup.   In Brief:&n...

FinTech
September 02, 2020

How we use Cledara at Railsbank

Railsbank, one of Europe's fastest growing fintech startups, talks about how they use Cledara, how i...

FinTech
July 29, 2020

Unleashing the potential of FinTech in banking

The FinTech industry attracted over US$13.1b in VC-backed investments in 2016, about five times...

FinTech
May 27, 2020

West Midlands FinTech Ecosystem Report 2020

This report focuses primarily on the activity in the geographical area covered by the West Midlands...

FinTech North Virtual Leeds Conference

FinTech North Virtual Leeds Conference

When: Feb 25th, 2021
Where: Online, .
Price: FREE
MIT Sloan FinTech Conference 2021

MIT Sloan FinTech Conference 2021

When: Mar 05th, 2021
Where: Online event, London
Price: £15
IFINTEC - Finance Technologies Conference and Exhibition

IFINTEC - Finance Technologies Conference and Exhibition

When: Mar 09th - Mar 10th, 2021
Where: Istanbul, Turkey
Price: £650