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- Grab Financial Group
Grab Financial Group Valuation, Funding & Investors
Grab Financial Group is valued at $3B as of January 2021.
Last Grab Financial Group valuation
$3B
Series A · Jan 2021
Last Grab Financial Group funding round
$300M
Series A · Jan 2021
Cumulative funding Grab Financial Group raised
$300M
across 1 funding round
Key investors in Grab Financial Group
GGV Capital
Flourish Ventures
Arbor Ventures
K3 Ventures
Hanwha Asset Management
About Grab Financial Group
Grab Financial Group is the financial services arm of the Southeast Asian super app Grab, launched in 2018. It offers digital payments, consumer and merchant lending, insurance and wealth products to the users, driver-partners and merchants of the Grab ecosystem. The unit aims to give underbanked consumers and small businesses simple and affordable financial products across Southeast Asia. In January 2021 it raised more than 300 million US dollars in a Series A round led by Hanwha Asset Management at a reported valuation of 3 billion US dollars. The parent company, Grab Holdings, is listed in the United States and reports financial services as one of its operating segments.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Valuation
$3B (Jan 2021)
Grab Financial Group Valuation
Grab Financial Group is currently valued at $3B, based on its Series A in January 2021. Read the announcement ↗
The $300M round was led by Hanwha Asset Management, with participation from Flourish Ventures, Arbor Ventures, GGV Capital and K3 Ventures.
Grab Financial Group valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2021 | Series A | $3B |
Grab Financial Group Funding History
Grab Financial Group has raised a total of $300M across 1 funding round.
Grab Financial Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Series A | Hanwha Asset Management (lead); Flourish Ventures; Arbor Ventures; GGV Capital; K3 Ventures | $300M | $3B | Grab Financial Group (GFG), the fintech arm of Southeast Asian superapp Grab, raised over $300 million in a Series A funding round in January 2021, led by Hanwha Asset Management with participation from K3 Ventures, GGV Capital, Arbor Ventures, and Flourish Ventures. The round valued GFG at $3 billion according to reports from the Financial Times, Vulcan Post, and other sources, marking a significant milestone for Grab's financial services subsidiary focused on payments, lending, insurance, and wealth management products integrated into the Grab ecosystem. This funding came amid strong growth, with GFG reporting total revenues increased by more than 40% in 2020 compared to 2019, driven by consumer adoption of new offerings like AutoInvest, which nearly doubled monthly users in December 2020, and launches targeting consumers and SMEs in August 2020. The investment underscores investor confidence in GFG's hyperlocal innovations and its role in financial inclusion for underbanked populations across Southeast Asia, a market projected to have $60 billion in financial services revenue potential by 2025. Hanwha Asset Management CEO Yong Hyun Kim highlighted GFG's exponential growth potential through its synergy with Grab, Southeast Asia's largest unicorn. GFG planned to use the funds to invest in talent and expand affordable financial solutions regionally. This round followed a $856 million funding in February 2020 for payments and financial services growth, amid stalled merger talks between Grab and rival Gojek. GFG also achieved key regulatory progress, with a Grab-Singtel consortium awarded a full digital banking license by Singapore's Monetary Authority in December 2020. The company's traction included robust product adoption during the pandemic, accelerating demand for digital financial services to grow and protect incomes, as noted by GFG Senior Managing Director Reuben Lai. |
Who has invested in Grab Financial Group?
5 investors have backed Grab Financial Group across its funding rounds, including GGV Capital, Flourish Ventures, Arbor Ventures, K3 Ventures and Hanwha Asset Management.
Lead investors include Hanwha Asset Management.
Grab Financial Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 5 Grab Financial Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGrab Financial Group Competitors
Grab Financial Group competitors include listed companies like Flywire and Paymentus, and private ones like Clip, Naver Financial Corp., Jeeves and Rapyd.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.5B | - | ||
| Publicly listed | $623M | $45M | $2.4B | 2.9x | ||
| Private | - | - | $2.3B | - | ||
| Private | $40M | - | $2.1B | 52.5x | ||
| Publicly listed | $1.2B | $117M | $4.4B | 2.7x | ||
| Private | $1B | - | $4.5B | 4.5x |
Grab Financial Group Public Comps
Grab Financial Group is still privately-owned, but its public comps include Momentum Group, SiriusPoint, F&G Annuities & Life, Assured Guaranty, Santam, Lemonade, Star Health and Allied, Ethos Insurance, National MI and Skyward Specialty.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9.4B | $926M | 0.1x | 1.3x | 1.3x | 1.3x | |||
| $3.2B | $632M | 1.0x | 1.0x | 4.9x | - | |||
| $5.4B | $1.2B | 15.6x | 8.5x | 73.7x | - | |||
| $1B | $751M | 4.4x | 4.9x | 6.0x | - | |||
| $2.6B | $520M | 1.2x | 1.4x | 6.2x | 6.5x | |||
| $738M | ($146M) | 4.5x | 2.9x | (22.9x) | (57.6x) | |||
| $1.9B | $94M | 1.7x | 1.5x | 34.5x | (5791.2x) | |||
| $388M | $79M | 6.8x | 3.8x | 33.4x | 22.2x | |||
This data is available for Pro users. Sign up to see all Grab Financial Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Grab Financial Group
| When was Grab Financial Group founded? | Grab Financial Group was founded in 2018. |
| Where is Grab Financial Group headquartered? | Grab Financial Group is headquartered in Singapore, Singapore. |
| Is Grab Financial Group publicly listed? | No, Grab Financial Group is a private, VC-backed company. |
| What is Grab Financial Group's valuation? | Grab Financial Group was last valued at $3B in its Series A in January 2021. |
| How much funding has Grab Financial Group raised? | Grab Financial Group has raised $300M across 1 funding round. |
| What was Grab Financial Group's last funding round? | Grab Financial Group's last funding round was a $300M Series A in January 2021, led by Hanwha Asset Management. |
| Who are Grab Financial Group's investors? | Grab Financial Group's investors include Flourish Ventures, Arbor Ventures, GGV Capital, K3 Ventures and Hanwha Asset Management. |
| Which companies are comparable to Grab Financial Group? | Companies comparable to Grab Financial Group include Clip, Flywire, Naver Financial Corp., Jeeves, Paymentus and Rapyd. |
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