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

SINGAPORE (Jan 14): Southeast Asian ride-hailing and food delivery giant Grab said on Thursday it has raised more than $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.

"We are at an inflection point in Southeast Asia, as the pandemic has accelerated the need for digital financial services that help us grow and protect our incomes," Reuben Lai, senior managing director at Grab Financial Group said in a statement.

https://www.theedgemarkets.com/article/grab...ncluding-hanwha

40% Points Back during Points Back campaign.
3x Grab Points for payment made with GrabPay

Gold should 30% I think for Points Back.



2.25x points for GrabPay usage.





This post has been edited by GrumpyNooby: Jan 14 2021, 01:03 PM

This Points Back campaign is MCO edition.
Only Grab related vouchers are available for redemption.

Answer from TNB thread:

Link to the post: https://forum.lowyat.net/index.php?showtopi...post&p=99632907

Pay with points

Tap on it and then, hit the Delete button? Cannot?

This post has been edited by GrumpyNooby: Jan 18 2021, 11:04 AM

App update is available for Android.

// No changelog given. Probably bug fixes.

IPO listing at NYSE for Grab

Grab Ponders U.S. IPO to Raise at Least $2 Billion, Reuters Say

Southeast Asian ride-hailing giant Grab Holdings Inc. is considering listing in the U.S. this year to raise more than $2 billion, Reuters reported, citing people familiar with the matter.

The deal hasn’t been finalized and could change depending on market conditions, Reuters added.

https://www.bloomberg.com/news/articles/202...on-reuters-says

Pay with Points is considered cash back even though the redemption is slightly worse than those vouchers redemption but that is considered as direct cash back.

This post has been edited by GrumpyNooby: Jan 19 2021, 01:09 PM

Which makes me don't understand why so excited with the campaign.
With revision on LFC, the deal becomes worse.

This post has been edited by GrumpyNooby: Jan 20 2021, 09:17 PM

Compared that too Maybank x Grab card?

Reloading RM 210 into GrabPay = 1050 points
Spending RM 210 from GrabPay = 630 points
Total = 1680 points

For simplicity, use standard conversion of RM 5 with 800 points , 1680 points = RM 10.50 which gives exact 5% rebate

Wash it via HelloGold.

That "soon" is 3 weeks since the sneak preview go live date.

I'm offering/recommending a solution and I didn't say it's totally FOC at all.

If you had done the assessment and the path is still worth to venture, just do it especially during the Power Up campaign.

This post has been edited by GrumpyNooby: Jan 21 2021, 01:48 PM

Yes, it is accepted at Petron and Caltex.
But ShopeePay is still rewarding till June 30th.

Caltex

So BHP has no coverage in my area.
I'm not able to verify on this matter.