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Singapore
2018 (8 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Grab Financial Group
Company Information
Get to know Grab Financial Group
Launched as the financial services division of Grab, Grab Financial Group (GFG) aims to promote financial inclusion for the unbanked and underbanked populations across Southeast Asia. By leveraging the extensive data and reach of Grab's core ride-hailing, food delivery, and logistics ecosystem, GFG provides accessible and convenient financial products. Its services include the GrabPay digital wallet for seamless payments, "PayLater" and lending solutions for consumers and merchant partners (GrabFinance), micro-insurance products (GrabInsure), and micro-investment opportunities (GrabInvest). GFG has also partnered with Singtel to launch GXS Bank, a digital bank in Singapore and Malaysia.
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