Grab Breaks Into U.S. Investing Segment With Stash Acquisition

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Grab has agreed to acquire U.S. investing platform Stash at an enterprise value of US$425 million at closing.

The deal gives Grab a 50.1 percent stake initially, with the remaining shares to be acquired over three years at fair market value, marking its entry into the U.S. mass-market investing segment.

The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2026.

Payment at closing will be made in cash and stock, with subsequent payments in cash and or stock at Grab’s discretion.

Stash manages more than US$5 billion in assets and serves over one million subscribers through a subscription-based app offering investing, banking and financial education tools.

Grab said Stash is adjusted EBITDA and cash flow positive and has been profitable on that basis since its Series H fundraising round in 2025.

Based on current performance, the company expects it to generate more than US$60 million in adjusted EBITDA in the 2028 calendar year.

Anthony Tan, Group CEO and Co-Founder of Grab, said,

“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 U.S. 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.”

A central feature of Stash’s platform is AI Money Coach, which provides personalised financial guidance.

The company said interactions are auditable and governed by defined policies and controls.

Since launching in late 2024, about one in two users have taken a financial action on the same day, with that figure up nearly 40 percent in 2025.

After closing, Stash will continue operating as an independent brand in the United States under its existing leadership, including Co-Founders and Co-CEOs Brandon Krieg and Ed Robinson.

Grab said it will support Stash’s U.S. growth while exploring whether to introduce its investing capabilities in Southeast Asia over time.

Brandon Krieg said,

“Grab has a track record of ecosystem-building through harnessing user data and a culture of entrepreneurship that will serve our growth ambitions.

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 to accelerate our vision of personalised, AI-driven financial guidance for millions of people across all parts of their financial lives.”

Grab reported its first full year of net profit in 2025, posting positive net income after previous years of losses, alongside continued growth in revenue and user engagement.

Featured image: Edited by Fintech News Singapore, based on image by yrmahim11 via Freepik