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Grab launches new financial brand GrabFin

Grab Financial Group is launching GrabFin, a new brand for its digital payments, insurance lending, and wealth management offerings. GrabFin offers Grab users a single entry point to payment, investment, and insurance services in the Grab app. The brand will offer everyday financial services that are simple to activate with just a few clicks in-app; fractionalised so that more people can access them; and flexible to enable consumers to choose how they use the products with no lock-in period, according to the announcement. Alongside its launch, GrabFin is introducing Earn+, an investment product for Singapore-based Grab users. The investment product Earn+ has a projected yield of 2% to 2.5% per annum and offers users a minimum starting investment of SGD1, with no maximum investment limit or lock-in period.

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