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

$4B

across 4 funding rounds

Key investors in Grab Financial Group

  • Lightspeed Venture Partners
  • SoftBank Group
  • GGV Capital
  • Macquarie Asset Management
  • Vulcan Capital
  • Flourish Ventures

Grab Financial Group Overview

About Grab Financial Group

Grab Financial Group is the fintech arm of Grab offering payments, lending, insurance, and rewards across Southeast Asia. Headquartered in Singapore, it provides GrabPay digital wallet for in-store purchases, peer-to-peer transfers, and merchant POS systems. Since 2016, it serves 25 million monthly users in eight countries including Indonesia, Malaysia, and Thailand with microloans via GrabFinance and policies through GrabInsure.


Founded

2018

HQ

SingaporeSingapore

Website

grab.com

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.

The $300M round was led by Hanwha Asset Management, with participation from Flourish Ventures, Arbor Ventures, GGV Capital and K3 Ventures.

Grab Financial Group's valuation has moved from $14B at its undisclosed-stage round in March 2019 to $3B in January 2021, across 3 priced rounds.

Grab Financial Group valuation by funding round

Grab Financial Group valuation by funding round
DateStageValuation
Jan 2021Series A$3B
Sep 2020Undisclosed stage$14B
Mar 2019Undisclosed stage$14B

Grab Financial Group Funding History

Grab Financial Group has raised a total of $4B across 4 funding rounds.

Grab Financial Group's first fundraising round was a $2B undisclosed-stage round in August 2018. The most recent completed round was a $300M Series A in January 2021.

Grab Financial Group funding rounds

Grab Financial Group funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2021Series AHanwha Asset Management (lead); Flourish Ventures; Arbor Ventures; GGV Capital; K3 Ventures$300M$3BGrab 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.
Sep 2020Undisclosed stageSTIC Investments$202M$14BGrab Holdings, a Singapore-based superapp often called the 'Uber of Southeast Asia,' provides ride-hailing, food delivery, payments, and financial services across Southeast Asia including Indonesia, Malaysia, Cambodia, Myanmar, Thailand, Vietnam, and the Philippines. The company secured $200 million from South Korean private equity firm STIC Investments around August-September 2020, with reports stating this capital infusion valued Grab at $14.3 billion. Proceeds were earmarked for expanding operations, particularly in food delivery and financial services, amid Grab's diversification from ride-sharing into digital payments and fintech. This investment followed Grab's $850 million raise from Mitsubishi UFJ Financial Group in February 2020 to bolster financial services and built on prior funding exceeding $10 billion across multiple rounds, including a $1.5 billion SoftBank Vision Fund investment in 2019. STIC Investments highlighted Grab's role in digital transformation and essential services for users, drivers, SMEs, and delivery partners. Grab continued growth post-round with acquisitions like Bento for digital wealth tools and investments in firms like Ninja Van.
Mar 2019Undisclosed stageSoftBank Group$1.5B$14BGrab, the Southeast Asian ridesharing and super app company, received a $1.46 billion investment from SoftBank Vision Fund as part of its ongoing Series H round, which totaled $4.5 billion with other investors including Toyota, Booking Holdings, Microsoft, and Hyundai. This investment, announced around March 5, 2019, valued Grab at $14 billion post-money, up from $11 billion in a prior Series H tranche. The funds were intended to support Grab's super app strategy in mobility, delivery, and financial services.
Aug 2018Undisclosed stageMacquarie Asset Management; Ping An Capital; All-Stars Investment; Vulcan Capital; Lightspeed Venture Partners; Toyota; OppenheimerFunds; Mirae Asset-Naver Asia Growth Fund; Sino-Rock Investment Management$2B--

Who has invested in Grab Financial Group?

16 investors have backed Grab Financial Group across its funding rounds, including Lightspeed Venture Partners, SoftBank Group, GGV Capital, Macquarie Asset Management, Vulcan Capital and Flourish Ventures.

Lead investors include Hanwha Asset Management.


Grab Financial Group Investors

Investors in Grab Financial Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Flourish VenturesUnited StatesSan Francisco, CA1ParticipantJan 2021
STIC InvestmentsSouth KoreaSeoul1ParticipantSep 2020
Arbor VenturesSingaporeSingapore1ParticipantJan 2021
SoftBank GroupJapanTokyo1ParticipantMar 2019
Macquarie Asset ManagementAustraliaSydney1ParticipantAug 2018
Ping An CapitalChinaShanghai1ParticipantAug 2018
All-Stars InvestmentHong KongHong Kong1ParticipantAug 2018
Vulcan CapitalUnited StatesSeattle, WA1ParticipantAug 2018
Lightspeed Venture PartnersUnited StatesSan Francisco, CA1ParticipantAug 2018
ToyotaJapanTokyo1ParticipantAug 2018
OppenheimerFundsUnited StatesAtlanta, GA1ParticipantAug 2018
Mirae Asset-Naver Asia Growth FundSouth KoreaSeoul1ParticipantAug 2018
GGV CapitalUnited StatesSan Francisco, CA1ParticipantJan 2021

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Grab 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.

Public and private companies comparable to Grab Financial Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ClipMexicoMexico CityPrivate--$2.5B-
Naver Financial Corp.South KoreaSeongnamPrivate--$2.3B-
FlywireUnited StatesUnited StatesPublicly listed$623M$45M$2.2B2.6x
JeevesUnited StatesMiami, FLPrivate$40M-$2.1B52.5x
RapydUnited KingdomLondonPrivate$1B-$4.5B4.5x
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x

Grab Financial Group Public Comps

Grab Financial Group is still privately-owned, but its public comps include Momentum Group, Al Rajhi Takaful, F&G Annuities & Life, Assured Guaranty, Hyundai Fire & Marine, Brighthouse Financial, SiriusPoint, National MI, Santam and Coface.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Momentum Group$9.2B$902M0.1x1.1x1.2x1.1x
Al Rajhi Takaful$1.2B$132M2.3x-21.2x-
F&G Annuities & Life$5.4B$1.2B15.7x8.5x73.9x-
Assured Guaranty$1B$751M4.4x4.8x6.1x-
Hyundai Fire & Marine$11B$1.2B0.3x0.4x3.1x-
Brighthouse Financial$6.4B$626M0.9x0.7x9.2x-
SiriusPoint$3.2B$632M0.9x0.9x4.6x-
National MI$706M$540M5.1x5.7x6.6x-

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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 $4B across 4 funding rounds.
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, STIC Investments, Arbor Ventures, SoftBank Group, Macquarie Asset Management, Ping An Capital, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners, Toyota and 6 others.
Which companies are comparable to Grab Financial Group?Companies comparable to Grab Financial Group include Clip, Naver Financial Corp., Flywire, Jeeves, Rapyd and Paymentus.

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