top of page

Uber's competitor in South East Asia is offering micro-loans

A breath of fresh air. Early in 2018 Grab launched a joint venture called Grab Financial Services Asia and is now offering microloans to businesses there. Recently, TechCrunch published that Grab announced that they were in early discussions with Ant Financial, Alibaba’s financial services business, and global payments firm PayPal over potential strategic investments.

This is very good news for SMEs. These large companies posses great data on their customers which is the basis for them able to lend to small businesses. Interesting times ahead.

4 views0 comments
bottom of page