Grab Accelerates Financial Services Roadmap with Acquisition of Stash

Grab Holdings Limited has signed definitive agreements to acquire all of Stash Financial, Inc., a U.S.-based digital investing platform, for an initial enterprise value of US$425 million. The deal is expected to close in the third quarter of 2026, subject to regulatory approvals.

Under the terms, Grab will pay for 50.1% of the equity at closing in a mix of cash and stock. The remaining interest will be paid at fair market value over three years following the closing, with the form of payment—cash or stock—at Grab’s discretion.

Stash is a registered investment advisor with the U.S. Securities and Exchange Commission, managing over $5 billion in assets. Its subscription-based app serves more than one million consumers, offering investing, banking, and financial education tools. Stash also provides StashWorks, an employer-focused financial wellness solution.

A key part of Stash’s platform is its AI Money Coach, an AI-driven financial companion that provides personalized guidance and execution within the app. Launched in late 2024, the tool has driven strong engagement: around one in two users takes a positive financial action on the same day of interaction, a figure that improved nearly 40% in 2025. The feature is built with compliance-by-design and auditable controls, allowing Stash to deploy AI responsibly in regulated financial services.

Anthony Tan, Group CEO and Co-Founder of Grab, said the acquisition marks a milestone in Grab’s evolution as a provider of financial services. “We will strengthen Grab’s fintech knowhow with Stash’s AI-powered investing app, designed with existing U.S. regulatory requirements at its core,” he said. Tan noted that while Grab remains operationally focused on Southeast Asia, the move reinforces its mission of democratizing financial services.

Brandon Krieg, Co-Founder and Co-CEO of Stash, said joining the Grab ecosystem validates Stash’s mission to make wealth-building tools accessible to everyone. “This acquisition gives us the best of both worlds: the capabilities to double down on growth in the U.S., and the resources of a technology powerhouse,” he said.

Post-closing, Stash will remain a standalone entity under the Grab umbrella, retaining its brand, services, and recurring revenue model. Co-founders Krieg and Ed Robinson will continue to lead the company toward profitable growth—Stash expects to generate more than $60 million in Adjusted EBITDA in 2028.

Grab operates Mobility, Delivery, and Financial Services for over 50 million monthly transacting users across eight Southeast Asian countries. It also runs digital banking services in Singapore, Malaysia, and through an associate in Indonesia.

Following the acquisition, Grab plans to support Stash’s growth in the U.S. consumer market while exploring opportunities to introduce Stash’s investing solutions, including AI Money Coach, in Southeast Asia over the longer term.