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Data Vantage: GrabPay and other SE Asian fintech startups pocket more capital
June 29, 2021
With the spread of COVID-19 driving the adoption of fintech solutions across Southeast Asia, leading tech startups are in a good position to raise more capital.
Within the past week alone, DealStreetAsia – DATA
VANTAGE identified three major updates by homegrown fintech firms.
Singapore’s
GrabPay received $55 million in additional capital from its parent company, A6 Holdings Inc, an entity under
Grab Holdings Inc that houses most of the ride-hailing giant’s fintech operations.
Last month, GrabPay secured a partnership with Silicon Valley-based Stripe to enable businesses in Singapore and Malaysia to offer GrabPay Wallet as a payment method through Stripe’s platform. The partnership is expected to cover other markets in Southeast Asia.