Singapore’s Grab reported its first-ever quarterly profit on Thursday (Feb. 22). This, despite a cautious outlook for annual sales as its ridesharing and food delivery operations in the “fertile” Southeast Asia market continue to recover from the effects of the COVID-19 pandemic. “Our mobility business,...
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday. Bloomberg reported Friday (Feb. 9) that GoTo and Grab Holdings — which are both Southeast Asian ride-hailing and food-delivery...
Southeast Asian ride-hailing and food-delivery companies Grab Holdings and GoTo Group are reportedly in talks to merge. The companies are in preliminary discussions and are exploring various scenarios for a potential merger, Bloomberg reported Friday (Feb. 9), citing unnamed sources. However, the discussions have been on and off, and may not...
Singapore’s Grab has logged its first profit on an adjusted basis as it looks to expand. The ride-hailing and delivery giant shared that news as it released quarterly earnings on Thursday (Nov. 9). “And while this is an important milestone, it represents just one step in our...
March 10, 2020
The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. At the root of the […]
February 27, 2020
It’s no accident that technology companies that have historically not operated in the financial services space are expanding into the small business lending arena. With more SMBs embracing digitization, the...
January 03, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses...
December 24, 2019
PYMNTS doesn’t just cover the news. We regularly feature podcast conversion with the leading experts, executives and entrepreneurs involved in transactions and commerce and all the related areas in between....
April 01, 2024
A now-abandoned deal between two food delivery giants got the attention of Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said Monday (April 1) that it opened an investigation into Singapore-based delivery/ride-hailing giant Grab Holdings’ plans to acquire Delivery Hero’s business in Southeast Asia. “At the time, CCCS had reason to suspect that the possible transaction might result […]
February 13, 2024
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday. Bloomberg reported Friday (Feb....
February 09, 2024
Southeast Asian ride-hailing and food-delivery companies Grab Holdings and GoTo Group are reportedly in talks to merge. The companies are in preliminary discussions and are exploring various scenarios for a potential merger, Bloomberg reported Friday (Feb....
November 09, 2023
Singapore’s Grab has logged its first profit on an adjusted basis as it looks to expand. The ride-hailing and delivery giant shared that news as it released quarterly earnings on Thursday (Nov....
