via TechCrunch . Grab itself is pushing deeper into services, last year partnering with Vietnamese digital payments company Moca. Grab is Southeast Asia’s leading everyday everything app – providing transportation, logistics and financial services to millions of users across the region. In 2018, Grab also launched Grab Financial, a financial arm of the company which offers payment, insurance, and financing services. The Singapore start up is getting an $850 million cash boost from investors that it plans to pump into digital payments and financial services. GrabInvest will be the fifth vertical under Grab's financial services arm, Grab Financial Group, after payments (GrabPay), rewards (GrabRewards), lending (GrabFinance) and insurance (GrabInsure). Grab Financial Group expands suite of new financial products under ‘Thrive with Grab’ strategy. Powered by heart and driven by technology, we aim to unlock the true potential of the region by solving … The joint venture, named Grab Financial Services Asia, will use transaction data from the company’s cab app and GrabPay mobile money service to offer “reliable alternatives to traditional credit ratings” Grab said in a statement. For insurance, for example, the start-up takes a commission based off of each policy that is sold. Report this profile About Professional experience spanning Asia, North America & Europe. This new platform was unveiled by Grab chief Anthony Tan at the Money 20/20 event, and will encompass all of Grab's fintech offerings: payment services, financial services, agent services, as well as rewards and loyalty services. Through Grab Financial, Grab will offer loans and insurance to "millions" of consumers in South-east Asia. Mitsubishi UFJ Financial Group (MUFG) is investing $706 million and entering a new business alliance with Grab to “co-develop next-generation bespoke financial services in Southeast Asia.” Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program.. Based in Singapore, Grab began in 2012 as a ride-hailing company before expanding into on-demand deliveries and other services. As part of the deal, Bento will be rebranded as GrabInvest, a new core business under Grab’s financial services arm, Grab Financial Group. Grab goes deeper into financial services. Grab can make money from offering those financial services in different ways, he said. Its financial services unit, Grab Financial Group, announced a roadmap which will see the rollout of several products and services starting with Singapore in the next few weeks. Grab last week signaled its desire to expand its financial services business more rapidly after closing a $300 million fund-raising last week from U.S. investment company Invesco. As part of Grab’s continued effort to grow their product offerings and service to customers, they are expanding into micro-investing, consumer lending and flexible payment solutions. Join to Connect Grab. Grab and Singtel will enable these underserved groups to easily access transparent financial services that are embedded in their everyday activities, helping them achieve a better quality of life. Last year, Grab rolled out financial services like consumer insurance and loans to its users. The Grab and Singtel consortium aims to meet the financial services needs of both consumers and small businesses, especially the 40 percent of Singaporeans who are underbanked. including the first micro-investment solution, third-party loan platform and ‘buy … Ovo is … In November 2018, Grab invested in Indonesian conglomerate Lippo Group's Ovo platform to compete against rival Go-Jek. Harvard Business School. For Grab, the Singapore-based ride-hailing app sensation turned financial services ecosystem for the 650 million people living in Southeast Asia, … Grab, now valued at $14 billion, considers its financial services a key revenue and growth driver in the future. Grab & Buell Financial Services Accessibility Statement Updated: June 2020. Grab & Buell Financial Services has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence. Among many competitors it has to contend with, the biggest enemy is cash, Grab Financial Group’s co-head and Senior Managing Director Reuben Lai said. 04 August 2020 0 8 4 MUFG to invest $700 million in Grab. Super app Grab has secured a pair of investments totaling $856 million, fueling the so-called decacorn’s latest amplification into financial services and digital payments. General Grab & Buell Financial Services strives to ensure that its services are accessible to people with disabilities. Grab Philippines ventures into food delivery, financial services posted July 09, 2018 at 07:35 pm by Darwin G. Amojelar Ride-hailing service provider Grab is expanding its operations in the Philippines to include on-demand food delivery and financial services. Managing Director, Building Financial Services at Grab Singapore 500+ connections. SINGAPORE - Grab will now offer loans and insurance with its new fintech platform - Grab Financial - the ride-hailing company announced on Tuesday (March 13).. Read more at straitstimes.com. Grab dominates the ride-hailing industry in the eight countries in the region where it operates. Grab's first micro-investment product called AutoInvest allows Singapore users to invest small sums of money while spending in Grab’s ecosystem. Besides using Grab for food (GrabFood), groceries (GrabMart) and transport, Grab also wants to be part of your wallet (GrabPay) and financial life. The consortium will do so by drawing on both companies’ extensive experience in meeting the daily essential needs of millions in Singapore. 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