Grab launches new consumer financial services, including micro-investments and loans
Companies, agencies, institutions, etc
ZhongAn Insurance
Bento
GojekYesterday
Grab
TechCrunch
Grab Financial Group
follow.”Grab Financial Group’s
AutoInvest
Grab’s
StashAway
Google
Temasek
Conomy
GrabInvest
SGD
Fullerton Fund Management
UOB Asset Management
PayLater
People
Bloomberg
Stic
Reuben Lai
e-Conomy Asia
Bain
Chandrima Das
Ankur Mehrotra
Groups
South Korean
Physical locations
Southeast Asia
Places
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Locations
Singapore
Indonesia
Malaysia
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Summary
We think profitability and sustainability will follow.”Grab Financial Group’s new products including AutoInvest, a platform that allows consumers to invest small sums of money through Grab’s app; consumer loans; a buy now, pay later program; and expanded insurance offerings, including hospital insurance that will first launch in Indonesia.While Grab’s new consumer products were in the works before the COVID-19 pandemic, Lai said the crisis has accelerated demand for services like online shopping, digital payments and insurance.Grab’s consumer products will compete with services like StashAway, an online investment platform based in Singapore, but Lai said Grab Financial Group’s competitive edge is that there are already millions of Grab users in Southeast Asia.
As said here by Catherine Shu