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Southeast Asian Fintech Grab Decides to Increase its Term Loan Facility to $2 Billion due to Growing Investor Demand


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Southeast Asian Fintech Grab Decides to Increase its Term Loan Facility to $2 Billion due to Growing Investor Demand
Southeast Asian Fintech firm
Grab has decided to upsize its term loan facility to $2 billion due to  growing interest from new investors.
Grab, which is one of Southeast Asia’s largest “Super App” providers, confirmed the successful closing of its first senior secured term loan facility, after commitments were made by global institutional investors.
The term loan facility should assist Grab with improving its liquidity and will also help diversify its funding sources. As noted in the announcement, the facility has been structured as a 5-year term loan B with a $2 billion principal. Grab’s management stated that this is the largest term loan B facility (to date) in Asia’s tech industry. ....

Kuala Lumpur , South Korea , Fintech Ipos , Financial Group , Deutsche Bank , Jp Morgan , Hanwha Asset Management Co , Moody Investors Services , Asian Fintech , Southeast Asia , Investors Services , Standard Chartered , Southeast Asians , Southeast Asian , Hanwha Asset Management , குவாலா லம்பூர் , தெற்கு கொரியா , ஃபிண்டெக் ஐபொஸ் , நிதி குழு , டாய்ச் வங்கி , ஜ்ப் மோர்கன் , ஹன்வா சொத்து மேலாண்மை இணை , மனநிலை முதலீட்டாளர்கள் சேவைகள் , ஆசிய ஃபிண்டெக் , தென்கிழக்கு ஆசியா , முதலீட்டாளர்கள் சேவைகள் ,

Asian Fintech Grab May Pursue US IPO


Asian Fintech Grab May Pursue US IPO
Southeast Asian Fintech
Grab may pursue an initial public offering (IPO) during 2021, according to a report.
Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week,
Affirm (NASDAQ:AFRM) blew the doors off its IPO. Priced at $49 a share Affirm traded at nearly double ending the day at $97.24 a share. Affirm has traded as high as $137+ a share.
Just prior to Affirm, fast-growing Fintech
SoFi announced it would become public via a SPAC (special purpose acquisition company) – a popular path to trading shares on an exchange that requires less initial disclosure. The SPAC deal was reported to be valued at $8.65 billion. ....

Kuala Lumpur , South Korea , Fintech Sofi , Fintech Ipos , Financial Group , Hanwha Asset Management Co , Asian Fintech Grab , Southeast Asian , Grab Financial Group , Hanwha Asset Management , குவாலா லம்பூர் , தெற்கு கொரியா , ஃபிண்டெக் சோஃபி , ஃபிண்டெக் ஐபொஸ் , நிதி குழு , ஹன்வா சொத்து மேலாண்மை இணை , ஆசிய ஃபிண்டெக் பிடுங்க , தென்கிழக்கு ஆசிய , பிடுங்க நிதி குழு , ஹன்வா சொத்து மேலாண்மை ,

Indonesia's Bukalapak raises funding from Standard Chartered for expansion


Indonesia’s Bukalapak raises funding from Standard Chartered for expansion
Photo: Bukalapak
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Indonesia’s Bukalapak.com has landed funding from Standard Chartered Plc as it makes progress toward raising $200 million to finance its expansion in the country, according to people familiar with the matter.
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Elang Mahkota Teknologi , Financial Group , Standard Chartered Plc , Naver Asia Growth Fund , Holdings Inc , Microsoft Corp , Naver Corp , Pt Bank Jago , Hanwha Asset Management Co , Indonesia Pt Bank Kesejahteraan Ekonomi , Singapore Sea Ltd , Mirae Asset Naver Asia Growth Fund , Mahkota Teknologi , Bloomberg News , Standard Chartered , Southeast Asia , Sea Ltd , Kesejahteraan Ekonomi , Grab Financial Group , Grab Holdings Inc , Hanwha Asset Management , நிதி குழு , தரநிலை பட்டய ப்ல் , ஹோல்டிங்ஸ் இன்க் , மைக்ரோசாஃப்ட் கார்ப் , ட் வங்கி ஜாகோ ,

Grab's Fintech Unit Raises US$300 Million From Investors


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Grab Financial Group (GFG), the Fintech arm of the e-hailing and delivery giant, announced that it raised more than US$300 million (~RM 1.21 billion) from investors, including Hanwha Asset Management Co. Ltd., a top South Korean asset management company. The development bolsters Grab’s determined and very public push into financial services across Southeast Asia as the next plank of its growth.
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In addition to that, GFG has also said that its total revenues grew by over 40% in 2020 compared to the year before. It attributed this to strong consumer adoption of AutoInvest, its first retail wealth management product which is currently available in Singapore. ....

South Korea , South Korean , Grabinvest Autoinvest , Reuben Lai , Financial Group , Hanwha Asset Management Co , Bank Negara Malaysia , Grab Financial Group , Hanwha Asset Management , Southeast Asia , Managing Director Reuben Lai , தெற்கு கொரியா , தெற்கு கொரியன் , ரூபன் லாய் , நிதி குழு , ஹன்வா சொத்து மேலாண்மை இணை , வங்கி நெகாரா மலேசியா , பிடுங்க நிதி குழு , ஹன்வா சொத்து மேலாண்மை , தென்கிழக்கு ஆசியா , நிர்வகித்தல் இயக்குனர் ரூபன் லாய் ,