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…

Read more »

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…

Read more »

Binance Partners With Southeast Asian Venture Capital Giant to Launch Fiat-to-Crypto Exchange in Singapore

Vertex Ventures invests in cryptocurrency exchange platform giant Binance to establish a fiat-to-crypto exchange service in Singapore. Vertex is a subsidiary of Temasek Holdings, and is Southeast Asia’s oldest venture-capital establishment. Details of the Deal In a press release from Accesswire published on Tuesday, October 23, Vertex Ventures network announced its strategic partnership with Binance to launch Binance…

Read more »

South Korea’s Biggest VC Firm Chooses EOS-Based Project

The biggest investment company in South Korea has invested money in an EOS-based blockchain project. Specifically, Korea Investment Partners of Seoul invested in TEMCO. The amount of money has not yet been disclosed. Join the Leading Industry Event! Block/Supply Chain According to its website, TEMCO offers a blockchain that will support business supply chains. Retailers benefit…

Read more »