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.
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