News Formal

Grab expands finance business with consumer loans services, wealth management

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 71%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Grab said it will offer consumer loans services in Singapore and roll out wealth management products. YahooFinance

SINGAPORE - Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector.

It raised about $850 million in February from Mitsubishi UFJ Financial Group Inc and other investors for expanding its financial services and applied for an online Singapore banking licence together with Singapore Telecommunications Ltd. Starting in Singapore later this year, before expanding to Malaysia and other countries, Grab's third-party consumer loans will typically be disbursed within two to four days after being approved, the company said.

Southeast Asia's most valuable startup with an estimated valuation of $14 billion announced a 5% reduction in staff numbers in June as it cut costs amid slower growth due to the pandemic.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »

Grab announces new investment, consumer loan products as part of financial services driveSINGAPORE: Grab Financial Group announced a slew of new financial products and services on Tuesday (Aug 4), including a micro-investment ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

Grab announces new investment, consumer loan products as part of financial services driveSINGAPORE: Grab Financial Group announced a slew of new financial products and services on Tuesday (Aug 4), including a micro-investment ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »