JAKARTA - Grab Financial Group or GCG secured more than US$ 300 million in series A funding. Investors in this funding include Hanwha Asset Management, K3 Ventures, GGV Capital, Arbor Ventures, and Flourish Ventures.
“We raised a special fund for GFG because despite strong business growth, the reality is that millions of people and small businesses still lack affordable and transparent access to financial services. Because of this, we leverage the expertise of the best investors who understand financial services and fintech well, thus continuing to empower the future of the financial industry for people and businesses across Southeast Asia. In this way, we can take advantage of the existing momentum to provide value while ensuring sustainable business growth," said Reuben Lai, Senior Managing Director, Grab Financial Group, quoted from Bisnis.
Reuben said the achievement of this Series A was a turning point for them as more consumers adopted digital financial services. (LM)