Grab Financial Expands into the Consumer Ecosystem through Micro Investment and Loans

Theasianbankersg04 Sep, 2020Finance

Grab is making foray into the micro investment, consumer loans, and pay later products while expanding its insurance services to strengthen its reach amongst the underfinanced population of Southeast Asia. It has issued 13 million insurance policies and 400,000 outstanding loans and financing solutions. It will offer third-party consumer loans through its app with the funding as well as credit decisioning by its banking partners.