Grab, the ride-hailing and food delivery firm based in Southeast Asia, has raised more than $300 million in a funding led by South Korea’s Hannah Asset Management.
The firm, back by SoftBank and Uber, is estimated to be worth $15 billion.
It plans to drive the expansion of its financial services using the latest cash injection.
The fundraiser has not be publicly announced, according to The Information.
Grab Financial Group offers a range of financial services, including insurance, making payments and investments.
It acquired a license to launch a digital bank with Singtel in Singapore for 2022.
Business Insider reports that the company secured support from Citi for consumer lending. The two companies previously partnered in 2016.
