Grab Holdings Limited (NASDAQ: GRAB) recently announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, “by the end of 2023.” Tan will be transitioning into “an advisory role… Read More
Read more in: Asia, Fintech | Tagged anthony tan, grab, tan hooi ling
Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More
Read more in: Fintech, Asia | Tagged anthony tan, digital financial services, financial report, financial services, grab, grab holdings limited, profitability, progress report, singapore, southeast asia
Southeast Asian “super-app” Grab is working to restore service today, the company said. Customers across Singapore, Thailand, Malaysia, and Indonesia have reported trouble using the super-app, with some voicing their frustrations on social media. “We experienced a service disruption this morning that impacted a number… Read More
Read more in: Asia, Fintech | Tagged anthony tan, food delivery, grab, indonesia, malaysia, ride hailing, singapore, southeast asia, spac, superapp, thailand
Southeast Asian Fintech firm Grab has decided to upsize its term loan facility to $2 billion due to growing interest from new investors. Grab, which is one of Southeast Asia’s largest “Super App” providers, confirmed the successful closing of its first senior secured term loan… Read More
Read more in: Asia, Fintech | Tagged anthony tan, grab, grab financial services, loan facility, singapore, southeast asia
Reuben Lai, Senior Managing Director at Grab Financial Group, has said that he’s really excited and honored to confirm that Grab’s consortium with Singtel has acquired the digital full bank license from the Monetary Authority of Singapore (MAS). As reported recently, the MAS revealed the… Read More
Read more in: Fintech, Asia | Tagged anthony tan, digital bank license, digital banking, financial services, mas, monetary authority of singapore, singapore, singtel, southeast asia
Less than two weeks after announcing the launch of its new financial services, ride-hailing company Grab announced on Monday it has acquired Uber’s Southeast Asia operations. This deal is the largest-ever of its kind in Southeast Asia. Grab reported it will integrate Uber’s ridesharing and food delivery business in… Read More
Read more in: Fintech, Asia | Tagged acquisition, anthony tan, asia, dara khosrowshahi, fintech, grab, tan hooi ling, uber
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