grab

In a move that has been likened to that of Ant Financial, the Southeast Asian fintech group is busy raising the target amount and separating its business from its parent company, FinanceAsia has learnt.

A Grab-Gojek consolidation has always been the talk of the town, given overlapping business similarities, but never taken seriously – until now. There are two outcomes that seem the most likely, but an M&A is not one of them.

Extending the ‘growth at any cost’ model is over, as backers call for investments that deliver profits faster. Gojek’s reported cash injection into Indonesia’s Blue Bird Taxi has the potential to flip the script on the region’s biggest private companies.

GrabPay’s has begun rolling back subsidies for merchants, suggesting that breakeven for the division may be closer than investors expect.

FinanceAsia is showcasing the entrepreneurs who are leading the wave of technological disruption across the region. Here we look at Singapore.

Investors explain why they shun big-ticket investments in unicorns.

Forge the right partnerships and cut unit economics to the minimum says CEO Jason Thompson at Lippo- and Grab-backed payments app Ovo.

The Lippo and Grab-backed startup, last valued at about $2.9 billion, is riding Indonesia’s cashless payments wave to bring merchants and financial institutions timely consumer insights. Ovo’s CEO Jason Thompson sees a fresh fundraising drive next year to support growth.

The $500m that Grab intends to invest in Vietnam is the latest in a series of regional investments as it fights with Go-jek for Asean dominance.