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Startups

Grab's fintech arm raises $300m as revenue grows 40%

Singaporean superapp unit valued at $3bn in Hanwha-led deal

Grab's financial offerings include the e-payment service GrabPay, microinvestment and travel insurance. (Photo by Kentaro Iwamoto)

SINGAPORE -- Singapore-based unicorn Grab said Thursday that its financial business unit, Grab Financial Group, has raised about $300 million from a group of investors led by South Korea's Hanwha Asset Management, the latest development for the Southeast Asian tech group aggressively expanding the fintech business.

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