Grab to add P2P lending, remittance services to boost payments business

Grab's Ming Maa at DEALSTREETASIA's Asia PE-VC Summit 2018 in Singapore.

Singapore-based Grab plans to add peer-to-peer (P2P) lending and remittance services as part of its plans to becoming Southeast Asia’s “super app”. The unicorn currently offers ride-hailing, food delivery and payment solutions on its platform.

During the fireside chat at the third edition of DEALSTREETASIA’s Asia PE VC Summit 2018 on Tuesday, Grab President Ming Maa said that e-payments such as P2P lending and remittances are one of the highest friction points in the region. Grab plans to enter this space as its payments platform strengthens.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.