Grab closing GrabInvest and investment products

Grab is shuttering its investment products AutoInvest and Earn+ from Monday , and winding down the GrabInvest business.

The GrabInvest business was only serving the Singapore market, as Grab did not roll out either investment product to other markets in the region. Customers are instructed to withdraw their monies from the products by Oct 13. The move comes after Grab's recent second-quarter results showed narrowing losses and potentially earlier adjusted earnings before interest, depreciation and amortisation break even.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Grab discontinues investment offerings AutoInvest and Earn+, says business not commercially viable in long run“As we will no longer be investing to scale GrabInvest, we have concluded that the business will not be commercially viable in the long run,” a Grab spokesperson tells CNA.
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Foodpanda confirms layoffs, explores partial sale of businessWith Foodpanda's future hanging in the balance and Grab in the spotlight, uncertainty looms over Southeast Asia's food delivery scene
مصدر: IndependentSG - 🏆 2. / 72 اقرأ أكثر »

Grab discontinues investment offerings AutoInvest and Earn+, says business not commercially viable in long run“As we will no longer be investing to scale GrabInvest, we have concluded that the business will not be commercially viable in the long run,” a Grab spokesperson tells CNA.
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

SG emerges as the world’s leading source of capital investmentThe country’s cross-border capital investment reached US$21.8b in 1H23.
مصدر: SBRMagazine - 🏆 13. / 51 اقرأ أكثر »