Grab will acquire a 50.1% equity stake in Stash by Q3 2026, with plans to acquire remaining shares from existing shareholders over a three-year period.
Ride-hailing company Grab is expanding its financial services portfolio with an acquisition deal for investing app Stash Financial. The agreement announced this week includes 100% of the equity interest in Stash and is expected to close in Q3 2026, subject to regulator approval. (fintechfutures.com)
In a statement, Grab says it will first acquire a 50.1% equity interest in Stash for $425 million, to be paid in a combination of cash and stock. Following this, the company is looking to purchase the remaining interest “at the fair market value over three years post-closing”.
This remaining interest is currently held by institutional investors such as Union Square Ventures, StepStone Group, Serengeti, University of Illinois Foundation, T. Rowe Price, Breyer Capital, and Goodwater Capital, which led a $146 million Series H funding round for Stash in May last year.
Founded in 2015 by David Ronick, Brandon Krieg, and Ed Robinson, Stash offers an investing app, debit cards that reward everyday spending with stock, and StashWorks, an employee financial wellness programme that provides guidance and access to both short- and long-term savings.
The profitable company, with $5 billion in assets under management and serving over one million consumers, will remain a standalone entity under the Grab umbrella once the transaction is finalised, retaining its current recurring revenue model, services, and brand.
Grab says it plans to “support Stash’s continued growth in the US consumer market” through this arrangement. This includes “exploring opportunities to introduce Stash’s investing solutions, including AI Money Coach, in Southeast Asia longer-term”. Stash is expected to generate more than $60 million in adjusted EBITDA for Grab in the 2028 calendar year.
Grab, headquartered in Singapore, currently operates across eight Southeast Asian countries, and provides mobility, delivery and financial services to over 50 million monthly users. Previous acquisitions include AI robotics start-up Infermove, purchased by Grab last month for an
