Search Results for "Grab"
3 results for "Grab"
Deals 3
GXS Bank Secures $109M to Scale Singapore Digital Banking Operations
GXS Bank, Singapore's digital bank backed by Grab Holdings, raised $109M in January 2024. The digital bank was established as part of Singapore's digital banking license initiative, enabling Grab to embed financial services into its super-app ecosystem. The raise supports GXS Bank's growth in embedded finance for Southeast Asian consumers.
GXBank Receives Malaysian Approval to Launch as First Digital Bank
GXBank, the Grab-led digital bank consortium in Malaysia, completed its operational readiness review and received approval from Bank Negara Malaysia and the Minister of Finance to commence operations. This makes GXBank the first of five digital bank licensees to launch, well ahead of the April 2024 deadline.
Kasikornbank Invests $50M in Grab to Support Fintech Expansion
Thailand's Kasikornbank made a $50 million strategic investment in Grab to support the ride-hailing giant's expansion into fintech services across Southeast Asia. The deal positions Grab as an embedded finance platform open to financial services partners. This partnership highlights how traditional banks are backing super-app platforms to deliver embedded financial products at scale.