MUFG Bank to invest over $700m in Singapore's Grab

Ride-hailing unicorn will offer development skills and data for 'super app'

20200219 Grab Pay and MUFJ

SoftBank Group is a major shareholder in Grab but MUFG hold the biggest stake among financial institutions investing in the Singapore-based ride-hailing company.

Nikkei staff writers

TOKYO -- Japan's MUFG Bank will invest up to 80 billion yen ($727 million) in Singapore's ride-hailing leader Grab, the Nikkei has learned.

The two companies will form a partnership aimed at further growth in Southeast Asia, offering new services such as lending and insurance through smartphone apps.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.