Grab to Acquire U.S. Fintech Stash in $425 Million Expansion

The acquisition follows a period of strong financial performance for the Southeast Asian ride-hailing and delivery giant. Grab reported that its fourth-quarter revenue climbed 19% to $906 million, underscoring the company’s ability to scale its core operations while diversifying its revenue streams. By integrating Stash, Grab intends to accelerate its platform ambitions and broaden its suite of digital financial tools.

Long-Term Financial Targets

Looking toward the end of the decade, Grab issued an ambitious roadmap for its fiscal health. The company expects to generate $1.5 billion in adjusted EBITDA by 2028, supported by an adjusted free-cash-flow conversion rate of approximately 80%. This projected growth provides the company with the capital flexibility required to balance aggressive expansion with disciplined financial management.

In a move to bolster investor confidence, Grab also announced a newly authorized $500 million share repurchase program. According to Grab Financial Chief Peter Oey, the buyback initiative is designed to deliver consistent shareholder value while the company continues to scale its ecosystem. The announcement reflects a shift toward capital returns as Grab’s operations mature across its primary markets.