Grab in talks with Prudential, AIA for up to $500m investment in fintech unit

REUTERS/Iqro Rinaldi

Southeast Asia’s Grab is in advanced talks with Prudential PLC, AIA Group Ltd and others as it seeks $300 million to $500 million in investment for its financial services unit, people with direct knowledge of the matter told Reuters.

Grab, which evolved from ride-hailing app operator to a one-stop shop for services as varied as food delivery and insurance, aims to reach agreements as early as October, the people said.

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