Founded in 2015, Stash has more than one million paying subscribers and over $5 billion in assets under management on its platform.
The company last raised $146 million in an oversubscribed Series H funding round in May last year.
Based on current performance, Stash is expected to generate over $60 million in Adjusted EBITDA in the 2028 calendar year.
The acquisition allows Grab to expand its international financial services footprint and enter the mass-market investing segment. Grab plans to support Stash’s continued growth in the US consumer market, while exploring opportunities to introduce Stash’s investing app, including AI Money Coach, in Southeast Asia longer-term.
Anthony Tan, group chief executive officer and co-Founder of Grab, says: “This is a milestone in Grab’s evolution as a trusted international provider of financial services. This acquisition brings more than just recurring, high-margin subscription revenue; we will strengthen Grab’s fintech knowhow with Stash’s AI-powered investing app, designed with existing US regulatory requirements at its core. While we remain operationally focused on Southeast Asia and scaling our regional loanbook, this move reinforces our mission of democratizing financial services for everyone..”
Grab offers lending, insurance, and payment to over 50 million users across eight Southeast Asian countries. The company also operates digital banking services in Singapore, Malaysia, and through an associate in Indonesia.