ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

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

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

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.

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 Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more