SE Asian ride-hailer Grab raising $856m from Japan's MUFG, TIS

SE Asian ride-hailer Grab raising $856m from Japan's MUFG, TIS

REUTERS/Iqro Rinaldi

Southeast Asian ride hailer Grab is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG) and $150 million from Japanese IT services firm TIS Inc as it seeks to expand aggressively into financial services.