Ride-Hailing Grab Gets Funding From Tokyo Century

Grab, a Southeast Asian ride-hailing company, has entered into a partnership with Tokyo Century Corp., a financial services company, according to a report by Asset Finance International. The two companies will collaborate on new leasing and car rental options for Grab drivers.

Tokyo Century will be funding leasing activities for Grab drivers in its six countries of operation in Southeast Asia, including Singapore, Malaysia, the Philippines, Indonesia, Thailand, and Vietnam, according to the report.

“Through our partnership, we will accelerate the growth of our business through new types of mobility, such as ride-hailing, develop financial services using the advanced technology of Grab’s digital platform, and expand our auto finance business across Southeast Asia,” Yasushi Yoshino, senior managing executive officer of Tokyo Century, told Asset Finance International.

Grab currently offers private car, motorbike, and carpooling services across six countries and 34 cities. Grab also offers a variety of cashless options with its services, such as its in-app mobile payment platform GrabPay.

Click here for the full Asset Finance International report.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

Job Finder: Access Top Talent. Fill Key Positions.

>