Grab completes acquisition of Stash Financial for $425m

Photo credit: Shutterstock

Grab announced on Thursday that it had completed its acquisition of Stash Financial, a US digital financial services company.

The payment for a 50.1% stake was made on Wednesday. For the remaining 49.9%, payments will be settled at fair market value over the next three years, the Southeast Asian tech giant said.

Grab broke the news on the US$425 million deal in February, with the Wednesday payment at closing made in a combination of cash and stock. Subsequent payments could be made in either cash or stock, or both.

“This acquisition brings more than just recurring, high-margin subscription revenue,” Grab CEO Anthony Tan said in February.

“We will strengthen Grab’s fintech know-how with Stash’s AI-powered investing app, designed with existing US regulatory requirements at its core,” he added.

Stash will remain a standalone entity as part of Grab’s business, retaining its current recurring revenue model, services, and brand. It will continue being led by co-founders and co-CEOs Brandon Krieg and Ed Robinson.

The company is a US-registered investment adviser with more than US$5 billion in assets under management. Through its subscription-based app, it serves over 1 million consumers with investing, banking, and financial education tools that it says support “long-term financial decision-making.”

Stash also offers StashWorks, a financial wellness solution for US employers aimed at helping employees “build healthier financial habits through education and guided tools.”

It’s also behind the financial companion AI Money Coach, which it says offers guidance and execution tailored to users’ life goals and financial circumstances.

About one in two users takes a positive financial action on the same day as a result of the AI coach, marking a year-on-year growth of almost 40% in 2025, according to Grab.

Following the acquisition, the super app said it plans to support Stash’s continued growth in the US consumer market while exploring opportunities to introduce its investing solutions, including AI Money Coach, in Southeast Asia in the longer term.

Based on current business momentum and the execution of Stash’s strategic plan, the firm is also expected to generate more than US$60 million in adjusted EBITDA in the 2028 calendar year.

See also: Grab to acquire US fintech firm Stash Financial for $425m