Super app Grab Holdings Limited, based in Singapore, declared that it had finalized agreements to pay $425 million for a 100% equity stake in Stash Financial, Inc. (Stash), a digital financial services company based in the United States.
In a statement, Grab stated that the enterprise value of $425 million will be used to pay for the 50.1% equity interest at closing, with the remaining interest to be paid at fair market value over a three-year period after closing.
The deal is anticipated to close in the third quarter of 2026, subject to regulatory approvals and other standard closing requirements.
A combination of cash and stock will be used for the closing payment, and Grab may choose to use either cash or stock for any further payments.
After the acquisition, Grab intends to support Stash’s ongoing expansion in the US consumer market while looking into long-term prospects to launch Stash’s investment solutions, such as AI Money Coach, in Southeast Asia.
“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 artificial intelligence (AI)-powered investing app, designed with existing U.S. regulatory requirements at its core,” said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab.
“While we remain operationally focused on Southeast Asia and scaling our regional loan book, this move reinforces our mission of democratizing financial services for everyone,” he added.
Stash, a U.S. registered investment advisor with over $5 billion in assets under management, is subject to SEC regulation.
More than a million users can access easily accessible banking, investing, and financial education resources through Stash’s subscription-based app, which supports long-term financial decision-making.
Additionally, Stash provides StashWorks, a financial wellness program for US employers that uses guided tools and education to assist staff in developing better financial practices.
“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 percent,
“Joining the Grab ecosystem is a validation of that mission,” said Brandon Krieg, Co-Founder and Co-Chief Executive Officer of Stash.
He claims that Grab has a history of leveraging user data to create ecosystems and an entrepreneurial culture that will support the company’s expansion goals.
“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 personalized, AI-driven financial guidance for millions of people across all parts of their financial lives,” he added.
