Grab Combine Payments and Financial Services; Launches GrabFin

The new brand offers users a single entry point to access payment, investment and insurance services


Teckwai Saw

24 May, 2022

Grab Combine Payments and Financial Services; Launches GrabFin | BEAMSTART News

Grab Financial Group (GFG) will launch a new brand combining its payments and financial services into a new brand called GrabFin.

The company mentioned in a statement that GrabFin offers users a single entry point to access payments, lending, investment, and insurance on the Grab application.

GrabFin will launch in Singapore and Malaysia first and then progressively to other Southeast Asian countries in the coming months.

This comes as Grab recently obtained the digital bank license under the consortium of its joint venture with Singtel, GXS Bank Pte Ltd; and Kuok Brothers Sdn Bhd from Bank Negara Malaysia (BNM).

Head of GrabFin, Kell Jay Lim said that GrabFin targets the financially underserved by providing flexible financial services on a single integrated platform.

Community Q&A

Lim also mentioned that access to financial services with GrabFin will be as simple as "ordering a ride" on the Grab application.

Alongside GrabFin, a new financial product called Earn+ has been launched exclusively for users in Singapore.

The offering is a low-risk investment product which has no maximum investment limit or lock-in period, offers potential, non-guaranteed returns of 2% to 2.5% per year.

Earn+ invests in selected short-term bond funds managed by Fullerton Fund Management and UOB Asset Management Ltd, and is only available to users over 18 years old.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Marketing Operations Manager

Firecrawl

Contract

USD 70000 — USD 100000 yearly

Growth Marketing Manager

Lago

Île-de-France,

Full Time

USD 50000 — USD 60000 yearly

Software Engineer (Go)

Infracost

Full Time

USD 80 — USD 160 yearly

Founding Software Engineer (Full-Stack)

StarSling

California,

Full Time

USD 150000 — USD 190000 yearly

Sofware Engineer, AI/ML

Greenlite

California,

Full Time

Salary Undisclosed

Founding Team Member: Sales

Corgi

Illinois,

Full Time

USD 70000 — USD 150000 yearly

Product Lead - AI Platform

Vahan

Karnataka,

Full Time

USD 5000000 — USD 8000000 yearly

Senior Fullstack Engineer

Laylo

Full Time

USD 100000 — USD 175000 yearly

AI-Native Engineer (Frontend/Full-stack)

Pincites

California,

Full Time

USD 135000 — USD 185000 yearly

Product Engineer (AI)

ClaimSorted

England,

Full Time

USD 69998 — USD 150000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).