Grab unveils new financial brand GrabFin

It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.

Grab Financial Group is launching GrabFin, a new brand for its digital payments, insurance lending, and wealth management offerings. 

GrabFin offers Grab users a single entry point to payment, investment, and insurance services in the Grab app.

“The brand will offer everyday financial services that are simple to activate with just a few clicks in-app; fractionalised so that more people can access them; and flexible to enable consumers to choose how they use the products with no lock-in period,” the press announcement read.

Alongside its launch, GrabFin is introducing Earn+, an investment product for Singapore-based Grab users. The investment product Earn+ has a projected yield of 2% to 2.5% per annum and offers users a minimum starting investment of S$1, with no maximum investment limit or lock-in period. 

Users can also withdraw funds to their GrabPay wallets instantly, or transfer the funds to their bank accounts at any time, without incurring any penalties or early withdrawal charges.

GrabFin will be first launched in Singapore and Malaysia and progressively rolled out in other Southeast Asian markets in the coming months.