Grab

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The Race for the five digital banking licenses heats up further as more consortiums and companies announced their application, including ride-hailing giant Grab-Singtel consortium, which bagged a digital full-bank license in Singapore last year. These consortiums also include overseas investors and technology partners from Singapore, Japan, and China.

It is expected to be the largest-ever US equity offering by a Southeast Asian company as the deal values the leading Southeast Asian super app at approximately $39.6 billion. The company is expected to be traded on NASDAQ under ticker “GRAB” as it goes public.

The South Korean retail giant has been actively making moves to invest overseas through its VC arm, Signite Partners

Grab plans to use the loan to strengthen its position as the leading super app in Southeast Asia, through stronger liquidity and diversified financing.

This is the first time for Grab’s FinTech arm to secure money from new investors. The new investment in Grab Financial Group is substantial, but Grab Holdings Inc. continues to own the majority stake in the subsidiary.

Grab, Deliveroo do U-turn after Kalanick’s startup complains of unfair competition.

Today it's launching GrabInvest, starting with three offerings.

With its new GrabMerchant marketplace, shops will be more online than ever before.

$280 million for startup that handles one million parcels daily.