Grab raises US$300mil for fintech arm from investors including Hanwha


SINGAPORE (Reuters): Southeast Asian ride-hailing and food delivery giant Grab said on Thursday (Jan 14) it has raised more than US$300 million from investors led by South Korea's Hanwha Asset Management Co Ltd for its fast-growing financial services business.

It is the first external funding for Grab's fintech business, which has chalked out ambitious plans in insurance, lending, wealth management and payments.

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Singapore , Grab , fintech , investors , Hanwha

   

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