Grab eyes the unsung SMEs behind Fortune 500 heavyweights
The unicorn revs up its data engine to close finance gap for smaller Asean distributors of retail giants
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Singapore
GRAB is targeting the underserved segment in the middle-income economy of this region - the small and medium-sized enterprises (SMEs) that are the forgotten links in a supply chain that trace back to a Fortune 500 giant, top Grab executives told The Business Times.
The sprawling fintech has rolled out loans to several SMEs in Singapore alone via its joint venture with Japanese financial services group Credit Saison.
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