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March 13, 2018

Grab and Credit Saison Form Financial Services Joint Venture To Expand Access to Credit for Southeast Asia’s Unbanked

  • Grab Financial Services Asia to provide lending services to millions of unbanked and underbanked consumers, micro-entrepreneurs and small businesses across Southeast Asia
  • Partnership will leverage Grab’s vast datasets to provide reliable alternatives to traditional credit ratings
  • Consumer lending venture to be part of newly launched Grab Financial, the fintech platform within the Grab ecosystem

Others
March 13, 2018

Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia

  • Partnership blends the power of Grab’s ecosystem and Chubb’s insurance expertise
  • Initial offerings to include accident, hospitalization and other critical insurance coverage to Grab’s 2.6 million driver-partners, accessible through the Grab driver app
  • Telematics and other data from Grab platform to be used for development of customised and cost-effective insurance products for Southeast Asia
  • Partnership announced as part of the launch of Grab Financial, the fintech platform within the Grab ecosystem

Others
February 6, 2018

Grab and IFRC call for solidarity with people in need through Southeast Asia’s largest loyalty programme

  • Partnership with Grab is IFRC’s first fundraising initiative globally using a smart phone app
  • Grab customers can convert GrabRewards points to a donation to the International Federation of Red Cross and Red Crescent Societies (IFRC)
  • Following earlier 2016 partnership, the organisations continue to find innovative ways to respond to emergencies and disasters

Others
January 17, 2018

Grab announces acquisition of Bangalore-based payments startup iKaaz

  • Feature-rich mobile payments platform (NFC, QR-code, audio, P2P and more) to power GrabPay expansion in 2018
  • Leadership team with senior payments experience at startups such as Nokia Money and OboPay will join Grab’s Bangalore R&D centre
Others
January 8, 2018

GrabPay launches next phase of growth with new Managing Director for GrabPay in Singapore, Malaysia, and Philippines

  • Ooi Huey Tyng adds more than 25 years of experience from senior payments roles in Southeast Asia incl. Visa, DBS, UOB, and Citi
  • Appointment comes as GrabPay successfully onboards 1,000 merchants in Singapore for 2017
Others
November 30, 2017

Grab appoints CTO to turn GrabPay into SEA’s universal e-wallet

  • Vikas Agrawal brings experience from senior engineering roles at startups in the U.S and India, incl. Paytm, Fashionara, Tavant and CyberCash 
  • Appointment will enable the Grab payments platform to scale faster when the GrabPay e-wallet expands across SEA in 2018
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Business
July 24, 2017

Grab Announces Didi Chuxing and SoftBank As Lead Investors for Current Round of Financing

  • Strategic investment of a combined US$2.0 billion by Didi Chuxing and SoftBank deepens partnership with Grab
  • Grab expects to raise US$2.5 billion in total in current financing round
  • New financing to support Grab’s efforts in strengthening its dominant market position in on-demand transportation and payments in Southeast Asia
Business
June 6, 2017

Grab Celebrates Fifth Anniversary and Significant User Milestones

  • 3x growth in last year to 45 million downloads, and up to 2.5 million daily rides
  • Has provided higher incomes for nearly 1 million drivers and reduced travel time in half across Southeast Asia since founding
  • Adds GrabNow, New Service to Digitise Street Hailing