Browsing Tag
Anthony Tan
2 posts
Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
Singaporean superapp Grab to merge with Altimeter Growth in $39.6bn deal
Singapore-based ride-hailing and food delivery company Grab will merge with US-based special purpose acquisition company (SPAC) – Altimeter…