Grab’s financial arm pulls in $300M [PitchBook]

Grab’s financial arm pulls in $300M [PitchBook]

Originally posted on PitchBook

The financial services unit of Grab, the Southeast Asian ridehailing and food delivery company, has secured over $300 million in a Series A. The funding was led by South Korean asset manager Hanwha, with support from investors including K3 Ventures, GGV Capital, Arbor Ventures and Flourish Ventures. In 2020, the unit logged revenue growth of more than 40% compared to 2019.

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