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GRAB RAISES $300M LED BY HANWHA ASSET MANAGEMENT FOR ITS FINANCIAL SERVICES BUSINESS, WHICH SPUN OUT OF GRAB IN 2018 AND IS NOW VALUED AT $3B (MERCEDES RUEHL/FINANCIAL TIMES)

Grab raises $300M led by Hanwha Asset Management for its financial services business, which spun out of Grab in 2018 and is now valued at $3B  —  New firepower comes as group faces an increasingly competitive landscape in south-east Asia  —  Grab, the south-east Asian ride-hailing and food delivery app …