Grab

Grab Holdings is acquiring a majority stake in Singapore-based BNPL platform Atome Financial for an initial $1.49 billion. This strategic move strengthens Grab’s financial services, particularly consumer lending, by leveraging Atome’s extensive merchant network and customer base. The phased acquisition structure aims to mitigate risks and facilitate integration. Grab anticipates this deal will be accretive, boosting its financial services segment and contributing to revised 2028 financial outlooks.

Grab has revised its full-year financial projections upward following a strong second quarter, driven by resilient consumer demand and strategic AI integration. The super-app reported record results, including a 22% revenue growth and a significant increase in operating profit. Ride-hailing demand surged 28% year-on-year. The company also anticipates completing its acquisition of Delivery Hero’s foodpanda business in Taiwan.

Rising labor costs and tight delivery margins are pushing Grab towards automation. By acquiring Infermove, Grab is bringing robotics expertise in-house to develop AI for real-world delivery challenges. This move aims to selectively integrate robots into specific delivery segments, complementing human couriers rather than replacing them, to improve efficiency and manage costs while maintaining service quality in complex urban environments.