Grab raising $706 million from MUFG to roll-out financial services

February 25, 2020 admin Business News Comments Off on Grab raising $706 million from MUFG to roll-out financial services

Southeast Asian ride hailer Grab is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG) and $150 million from Japanese IT services firm TIS Inc, as it seeks to expand aggressively into financial services.

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Source:: Reuters – Business News