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FINANCIAL TECHNOLOGY | Staff Reporter, Singapore

Grab Financial Group raises over $300m in Series A funding

Hanwha Asset Management led the funding.

Grab Financial Group (GFG) has raised over $300m in its Series A funding round led by South Korea’s Hanwha Asset Management, a statement read.

Other investors in the round include K3 Ventures, GGV Capital, Arbor Ventures, and Flourish Ventures.

The funding comes after its total revenues increased by over 40% in 2020 amidst other key developments such as the strong adoption of its retail wealth management product AutoInvest and the selection of the Grab-Singtel consortium for a digital bank licence in Singapore.

GFG will use the new funds to invest in talent and expand its offerings in Southeast Asia. 

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