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Grab announces new investment, consumer loan products as part of financial services drive

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SINGAPORE: Grab Financial Group announced a slew of new financial products and services on Tuesday (Aug 4), including a micro-investment ...

AdvertisementIts new micro-investment product AutoInvest - created after Grab Financial’s acquisition of robo-advisory start-up Bento Invest - would allow users in Singapore to invest at least S$1 per transaction on the Grab app.

The firm added that money would be invested in "high-quality, liquid fixed income funds" offered by Fullerton Fund Management and UOB Asset Management. Grab Financial and its bank partners will integrate their application programming interfaces , said Grab, allowing users to securely apply for loans directly within the Grab app.

 

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Grab snags US$200 million investment from South Korean private equity firmSINGAPORE (BLOOMBERG) - South-east Asian ride-hailing leader Grab Holdings is raising US$200 million (S$275 million) from South Korean private equity firm Stic Investments, according to people familiar with the matter.. Read more at straitstimes.com.
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