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.
Do you know more about this story? Contact us anonymously through this link.