Posts tagged Grab
Grab's $40 billion SPAC in the context of Uber's borked neobank, Apple's iOS, and Ant Financial's superapp
Grab's $40 billion SPAC in the context of Uber's borked neobank, Apple's iOS, and Ant Financial's superapp

This week, we look at:

  • The economics of Southeast Asia’s largest super-app and its $40 billion SPAC valuation

  • The industrial logic of building out financial features adjacent to the core business of transportation and delivery

  • Why this model has not worked for Uber, but has worked for Apple, and the broader impact on financial services.

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IPO / SPAC, neobank, super appLex SokolinGrab, Uber, Apple, Reliance Jio
BBVA to sell chocolates on Amazon, while gamer hardware co Razer tries banking in Singapore
BBVA to sell chocolates on Amazon, while gamer hardware co Razer tries banking in Singapore

Anyone watching Fintech over the last decade has recognized an increasing shift of power from product manufacturers to the platforms where those products are sold. In the case of Amazon, Google, and Facebook -- finance is just a feature among thousands of others. I've made this point since 2017, when Amazon launched lending into its platform. Brett King has been a bit more generous in the categorization, calling the shift "embedded banking". This means that banking products are built into you life's journey, not accessed in a separate customer center location. The financial API trend is a tangible symptom of this vector.

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digital transformation, embedded finance, neobank, regulation & complianceLex SokolinBBVA, Amazon, Singapore, Razer, Grab, Singtel, Ant Financial, Temasek