Grab the chance? Grab announced that it had signed a definitive agreement to acquire 100 percent of the equity interest in Stash, a US digital financial services company. 

• Grab will acquire the fintech for $425M. 
• The transaction, which is expected to close in Q3 this year, is subject to regulatory approvals and other customary closing conditions. 

‍

📃 More on the $$$

Grab stated that the payment for 50.1% equity interest will be made at closing at an enterprise value of $425M. 

• Payments for the remaining interest will be made at the fair market value over three years post-closing. 
• The payment at closing will be a mix of cash and stock, while subsequent payments will be made in cash and/or stock at Grab’s discretion. 

‍

🙇🏽 About Stash

Stash is a SEC-regulated, US-registered investment advisor with more than $5B in assets under management. 

They serve over 1M consumers with accessible investing, banking, and financial education tools designed to support long-term financial decision-making. 

• Stash also offers StashWorks, a financial wellness solution for US employers that helps employees build healthier financial habits. 

‍

💸 Hey, coach

Stash also offers AI Money Coach, a financial companion providing guidance and execution tailored to the user’s life goals and financial circumstances. 

• Launched in late 2024, it is built for regulated financial services and can be used across Stash’s investing, banking, and savings products. 

‍

🇺🇲 The impact

Grab will support Stash’s growth in the US consumer market. 

• Oh, and they’ll explore options to introduce Stash’s solutions, including AI Money Coach, in SEA.

The details. Stash will remain a standalone entity as part of Grab’s business and will retain its current revenue model, services, and brand.