A GrabBike driver rides on his motorcycle in Jakarta, Indonesia. Southeast Asian ride-hailing app operator Grab is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts. Photo: AP
Singapore’s Grab raises US$1.5 Billion from SoftBank fund as it seeks to expand into new services
- Grab founder Anthony Tan is battling Go-jek for leadership in the Southeast Asian market after vanquishing Uber in the region last year
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Start-ups
A GrabBike driver rides on his motorcycle in Jakarta, Indonesia. Southeast Asian ride-hailing app operator Grab is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts. Photo: AP