Press Centre

Others

Grab raises over US$850 million from Japanese investors

Grab has announced today an investment of over US$850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc., that will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region.

(From left to right: Hironori Kamezawa, Deputy President, Group COO & Group CDTO, MUFG, Ming Maa, President, Grab, Masakazu Osawa, Managing Director, Head of Digital Transformation Division & Corporate Planning Division, MUFG)

 

Grab, Southeast Asia’s leading super app, has announced today an investment of over US$850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. (‘MUFG’) and TIS Inc. (“TIS”), that will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region.

MUFG, one of the world’s largest financial institutions and the largest bank in Japan, will invest US$706 million into Grab while TIS, the leading provider of network solutions and system integration services, will invest US$150 million.

This latest fundraising from Japanese investors comes off the back of Grab’s rapid growth in 2019 where the company established itself as the leading ride-hailing, food delivery and digital payments provider in Southeast Asia. Grab Financial Group has also expanded rapidly in 2019, with the addition of financial services products like consumer insurance and lending. Grab Financial Group has also applied for a digibank licence in Singapore and launched GrabInvest, its wealth management solution.

Speaking on the investment and partnerships, Ming Maa, President, Grab said, “We are excited to work with our partners MUFG and TIS to co-develop financial products and solutions for the region. Ensuring greater access to affordable and accessible financial services and products is key to growing financial inclusion in Southeast Asia. The continued support from world-leading investors demonstrates their confidence in Grab’s super app strategy and our ability to build a sustainable long-term business.”

Under the partnership with MUFG, both the companies will co-develop next generation financial products and services based on our combined customer insights to better cater to the financial needs of Grab’s users, driver-partners and merchant-partners.

As part of the agreement between Grab and TIS, both of the companies will collaborate on enhancing the digital payment infrastructure in the region and in Japan to enable greater adoption of cashless payment options, such as GrabPay. Both companies will also collaborate on developing emerging payment technologies.

Press-Release-Mitsubishi-UFJ-Financial-Group-Invests-US706-Million-in-Grab-FINAL

Press-release-TIS-announces-USD150million-investment-in-Grab

Visit our country press centres

Media Inquiries

Contact the Grab media team

Follow us on Grab social channels

  • Facebook
  • LinkedIn
  • Instagram
  • Twitter
Business

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

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