Grab is much more than Southeast Asia’s version of Uber. The $12 billion firm retains a core business in ride-hailing and food delivery, but is fast becoming a fully fledged superapp, now offering its 32 million monthly users travel bookings, health care, insurance, and most notably financial services, since launching Singapore’s first digital bank in August. Some 70% of the region’s population is underbanked, and Grab—which operates in over 500 cities across eight nations—aims to boost financial inclusion and bring more small businesses into the digital economy. “We don’t chase money, but chase a mission,” Grab CEO Anthony Tan says.
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
- Taylor Swift Is TIME's 2023 Person of the Year
- Meet the Nation Builders
- Why Cell Phone Reception Is Getting Worse
- Column: It's Time to Scrap the Abraham Accords
- Israeli Family Celebrates Release of Hostage Grandmother
- In a New Movie, Beyoncé Finds Freedom
- The Top 100 Photos of 2023
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
