Article taken from: www.techinasia.com
GGV Capital is one of Grab’s earlier investors, leading its US$15 million series B round back when the Singapore ride-hailer was still known as GrabTaxi. Around that time, a revolution in the payments ecosystem was taking place in China, where the VC firm mainly operated in. Grab president Ming Maa during this year’s Tech in Asia conference said that GGV Capital’s managing partner Jixun Foo was one of the most prominent voices within its circle of investors that urged the startup to capitalize on the rapid growth in the payments market. […] Grab president Ming Maa / Photo credit: Grab This early entry into the payments market appears to have served Grab well in its efforts to become Southeast Asia’s everyday super-app. […] One of Grab’s most recent additions to its suite of fintech offerings is its first micro-investment solution AutoInvest . […] According to him, Grab was one of the few early players during this wave of digitalization, leading alongside Indonesian giants Tokopedia and Traveloka.
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