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Grab ventures into retail wealth management with Bento buy

Acquisition of robo-advisory startup allows it to offer financial solutions to its users, drivers, merchants via its app

Published Tue, Feb 4, 2020 · 09:50 PM
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Singapore

TAKING a clear step towards offering wealth management for the masses, digital bank contender Grab has acquired Singapore-based robo-advisory startup Bento for an undisclosed sum.

With this move, Grab will be able to offer retail wealth management and investment solutions to its ecosystem of users, drivers and merchants via its app.

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