A Singapore investment vehicle linked to Grab, bought 64.02 million shares in PT Super Bank Indonesia Tbk, an Indonesian digital bank, raising its stake to about 16.14%, according to stock exchange filings dated May 25.

Superbank’s lending product are available in through the Grab, OVO, and Superbank apps. Its services launched on Grab’s app in June 2024.

The investment further strengthens Grab’s position in Indonesia’s digital banking ecosystem, where Superbank has been expanding lending and financial services through partnerships with Grab and OVO.

The bank has positioned itself as part of a broader embedded finance strategy targeting ride-hailing and digital payment users.

🔗 Source: IDN Financial

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