Moving beyond ride-hailing, Southeast Asia's Grab is rolling out financial services

Grab Financial, a unit of Southeast Asian ride-hailing giant Grab, said on Tuesday it is rolling out several financial services across Southeast Asia. Those include launching an online checkout system that would let sellers accept Grab’s digital payment service, GrabPay. Grab also said it will provide credit services such as a post-paid payment option where…

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Grab is now valued at $14 billion after landing $1.46 billion from SoftBank's Vision Fund

Southeast Asian ride-hailing giant Grab says it has secured $1.46 billion in new funds from SoftBank’s Vision Fund. Following the fresh financing from the Vision Fund, Grab’s valuation is at $14 billion, according to a source familiar with the matter. In its current funding round, Grab has raised more than $4.5 billion with investments from…

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Microsoft is investing in ride-hailing firm Grab

Tech giant Microsoft said it will invest an undisclosed sum into Singapore-based ride-sharing company Grab as part of a strategic partnership. The two companies will collaborate on various technology projects in areas such as big data and artificial intelligence, they said. Grab will also now use a number of Microsoft products, including its Azure cloud…

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