Corporate maneuvering

Grab Financial is raising $300 million for its spin-off: sources

In a move that has been likened to that of Ant Financial, the Southeast Asian fintech group is busy raising the target amount and separating its business from its parent company, FinanceAsia has learnt.

Carol Huang

March 17, 2020

Grab Financial, the business unit of Grab’s payments, rewards and broader financial services, is raising up to $300 million to prepare the brand to run independently, executives close the matter have informed FinanceAsia.

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