Southeast Asian ride-hailing and food delivery giant Grab Holdings is acquiring U.S.-based digital investment platform Stash Financial, expanding its financial services business as the superapp achieves its first full-year profit.
Under the cash-and-stock agreement, Grab will purchase Stash in two stages. It will initially acquire a 50.1% stake based on an enterprise valuation of $425 million. The remaining shares will be acquired over the next three years at fair market value. The transaction is expected to close in the third quarter, subject to regulatory approvals and customary conditions.
Stash manages approximately $5 billion in assets and serves more than one million paying subscribers through its AI-powered investment platform. The acquisition strengthens Grab’s growing fintech ecosystem, which already includes payments, lending and digital banking services built around its core ride-hailing and food delivery operations.
Grab said Stash is cash-flow positive and is projected to generate more than $60 million in adjusted EBITDA by 2028.
“This marks an important milestone in Grab’s evolution as a trusted international financial services provider,” said Grab co-founder and CEO Anthony Tan. He added that the acquisition not only brings recurring, high-margin subscription revenue but also enhances Grab’s broader fintech capabilities.
The announcement comes as Grab reported a net profit of $200 million for 2025 — its first annual profit — compared with a net loss of $158 million the previous year. Full-year revenue rose 20% to $3.4 billion.
