Grab completes US$425 million acquisition of US-based Stash Financial
It plans to eventually introduce Stash’s investing solutions, including an AI Money Coach, in South-east Asia
Add BT as a preferred source
[SINGAPORE] Technology company Grab on Thursday (Jul 2) announced that it completed its acquisition of Stash Financial, a US digital financial services company.
The payment for a 50.1 per cent stake was made on Wednesday, with the payments for the remaining 49.9 per cent to be made at fair market value over the next three years, it said.
Nasdaq-listed Grab announced the US$425 million deal in February, with the Wednesday payment at closing made in a combination of cash and stock. Subsequent payments could be made in either cash or stock, or both.
“This acquisition brings more than just recurring, high-margin subscription revenue,” Anthony Tan, CEO of Grab, said in February. “We will strengthen Grab’s fintech know-how with Stash’s AI-powered investing app, designed with existing US regulatory requirements at its core.”
Stash will remain a standalone entity as part of Grab’s business, retaining its current recurring revenue model, services and brand. It will continue being led by its co-founders and co-CEOs Brandon Krieg and Ed Robinson.
The company is a US-registered investment adviser with more than US$5 billion in assets under management. Through its subscription-based app, it serves over one million consumers with investing, banking and financial education tools it says support “long-term financial decision-making”.
Stash also offers StashWorks, a financial wellness solution for US employers that is aimed at helping employees “build healthier financial habits through education and guided tools”.
It also has an “AI Money Coach”, which it said serves as a financial companion offering guidance and execution tailored to users’ life goals and financial circumstances.
About one in two users takes a positive financial action on the same day as a result of the artificial intelligence coach, marking a year-on-year growth of almost 40 per cent in 2025, said Grab.
Following the acquisition, Grab said it plans to support Stash’s continued growth in the US consumer market, while exploring opportunities to introduce Stash’s investing solutions, including AI Money Coach, in South-east Asia in the longer term.
Based on current business momentum and the execution of the company’s strategic plan, Stash is also expected to generate more than US$60 million in adjusted earnings before interest, taxes, depreciation and amortisation in the 2028 calendar year.
Grab in May also said that it will consolidate Super Bank Indonesia after the transfer of Singtel Alpha Investments’ shareholding in Super Bank to GXS Bank, Grab’s digital banking subsidiary and joint venture with Singtel.
CGS International’s analyst Jacquelyn Yow on Wednesday said she expects Grab’s financial services segment to move closer to break-even in the second half of the 2026 financial year, supported by the Super Bank consolidation and the Stash acquisition.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
