Singapore-based Grab, best known for its ride-hailing and food delivery apps, has agreed to acquire the fintech Stash, the companies announced last week.
The deal, set to close in the third quarter, will comprise a $425 million payment at closing — for a majority interest in Stash. The remainder of the fintech will be acquired at fair market value over three years after closing, the companies said.
Grab CEO Anthony Tan called the deal a “milestone” in his company’s “evolution.”
“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,” Tan said in a prepared statement Feb. 12. “While we remain operationally focused on Southeast Asia and scaling our regional loanbook, this move reinforces our mission of democratizing financial services for everyone.”
Stash will remain a standalone entity, retaining its revenue model, services and brand after closing, the companies said. Stash’s co-CEOs, Brandon Krieg and Ed Robinson, will also continue leading the business, according to last week’s release.
“Ed and I founded Stash because we believe the tools and advice to build long-term wealth should be accessible to everyone, not just the top 1%,” Krieg said in a statement. “Joining the Grab ecosystem is a validation of that mission.”
Krieg credited Grab’s “track record of ecosystem-building through harnessing user data and a culture of entrepreneurship that will serve our growth ambitions,” and called the acquisition “the best of both worlds.”
It gives Stash “the capabilities to double down on growth in the U.S., and the resources of a technology powerhouse to accelerate our vision of personalized, AI-driven financial guidance for millions of people across all parts of their financial lives,” he said.
Stash counts more than $5 billion in assets under management and a base of more than a million users for its investing, banking and financial education tools. Grab plans to support Stash’s continued growth in the U.S. consumer market, while looking to introduce the fintech’s investing products in Southeast Asia over the longer term, the companies said.
Stash is expected to generate about $60 million in adjusted earnings before interest, taxes, depreciation and amortization by 2028.
Grab, meanwhile, reported $200 million in profits for 2025, its first year in the black, according to a separate release Feb. 12. The company’s revenue jumped 20% last year, to $3.4 billion.