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Grab (NASDAQ: GRAB) plans US$425M Stash acquisition to boost finance

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(Neutral)
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Form Type
6-K

Rhea-AI Filing Summary

Grab Holdings Limited plans to acquire 100% of U.S. digital investing platform Stash Financial, Inc. as part of its financial services expansion. Grab will pay for a 50.1% equity interest at Closing based on an enterprise value of US$425 million, with the remaining interest paid at fair market value over three years after Closing.

The deal is subject to regulatory approvals and other customary conditions and is expected to close in the third quarter of 2026. The initial payment at Closing will be made in a mix of cash and Grab stock, while subsequent payments will be in cash and/or stock at Grab’s discretion.

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Insights

Grab’s planned Stash acquisition accelerates its financial services push but brings U.S. regulatory and integration risks.

Grab intends to buy 100% of Stash Financial, Inc., paying for 50.1% at Closing using an enterprise value of US$425 million, with the rest at fair market value over three years. Consideration will be a mix of cash and stock, giving Grab flexibility in funding.

The transaction requires governmental and regulatory approvals and other customary conditions, and is expected to close in Q3 2026. Risks highlighted include potential delay or failure to close, compliance challenges around transferring a regulated business, employee-retention issues, and the complexity of integrating Stash’s operations and technology.

The company notes additional uncertainty from possible legal proceedings related to the Series H fundraising round or the transaction agreements. Execution in the U.S. market, where Grab notes it has no prior commercial operations, and realizing growth and innovation opportunities at Stash after completion, will be key themes in future disclosures.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
                
FORM 6-K
                
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
Commission File Number: 001-41110
                
GRAB HOLDINGS LIMITED
                
3 Media Close, #01-03/06
Singapore 138498
(Address of principal executive office)
                
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F




Incorporation by Reference
This Report on Form 6-K, including all exhibits hereto, shall be deemed to be incorporated by reference into the registration statements on Form F-3 (Registration Nos. 333-261949 and 333-264872) of Grab Holdings Limited (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
    



EXHIBIT INDEX
ExhibitDescription of Exhibit
99.1
Grab Accelerates Financial Services Roadmap with Acquisition of Digital Investing Platform, Stash Financial, Inc.
    



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GRAB HOLDINGS LIMITED
By:
_/s/ Peter Oey________________
Date: February 11, 2026Name: Peter Oey
Title: Director and Chief Financial Officer


    


Exhibit 99.1

Grab Accelerates Financial Services Roadmap with Acquisition of Digital Investing Platform, Stash Financial, Inc.

Grab Holdings Limited (“Grab”) announced that it had signed definitive agreements to acquire 100% of the equity interest in Stash Financial, Inc., (“Stash”), a U.S. digital financial services company, with the payment for 50.1% equity interest to be made at Closing at an enterprise value of US$425 million and payments for the remaining interest to be made at the fair market value over three years post-Closing. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026 (“Closing”). The payment at Closing will be made in a combination of cash and stock, and subsequent payments will be made in cash and/or stock at Grab’s discretion.

Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including but not limited to, statements about Grab’s goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of Grab, growth opportunities and for the proposed transaction, including statements regarding the benefits of the transaction, the anticipated timing of the transaction and the products and markets of each company, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “opportunity,” “annualized run rate” or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect Stash’s business, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the receipt of certain governmental and regulatory approvals and other risks related to the uncertainties inherent in the transfer of ownership of, and ongoing compliance by, a regulated business, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreements, (iv) the effect of the announcement or pendency of the transaction on Stash’s business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Stash or Grab and potential difficulties in Stash employee retention as a result of the transaction, (vi) risks related to diverting management’s attention from Stash’s ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Grab or against Stash related to the Series H fundraising round, the transaction agreements or the transaction, (viii) the ability of Grab to successfully integrate Stash’s operations, product lines, and technology, and to maintain or grow Stash’s customer base, in particular in the U.S., where Grab does not have any prior commercial operations, (ix) the ability of Grab to implement its plans, forecasts, and other expectations with respect to Stash’s business after the completion of the proposed transaction and realize additional opportunities for growth and innovation, and (x) unexpected costs, charges or expenses resulting from the acquisition. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under “Item 3. Key Information – D. Risk Factors” and in other sections of Grab’s annual report on Form 20-F for the year ended December 31, 2024, as well as in other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the “SEC”).

Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law.


FAQ

What transaction involving Stash Financial, Inc. did Grab (GRAB) announce?

Grab announced definitive agreements to acquire 100% of Stash Financial, Inc., a U.S. digital financial services company. It will buy a controlling 50.1% at Closing and acquire the remaining equity over three years at fair market value, subject to closing conditions.

What is the valuation of Stash in Grab’s planned acquisition?

Grab will acquire a 50.1% equity interest in Stash at an enterprise value of US$425 million. This valuation applies at Closing, with payments for the remaining Stash equity to be made later at fair market value determined over three years after Closing.

How will Grab (GRAB) pay for the Stash acquisition?

Grab will pay for the initial 50.1% Stash equity at Closing using a combination of cash and Grab stock. Subsequent payments for the remaining interest over three years will be made in cash and/or stock, at Grab’s discretion, offering funding flexibility.

When is Grab’s acquisition of Stash expected to close?

Grab expects the Stash acquisition to close in the third quarter of 2026. Completion depends on obtaining required regulatory approvals and satisfying other customary closing conditions, so the timing could change if approvals are delayed or conditions are not met as planned.

What key risks does Grab highlight for the Stash acquisition?

Grab cites risks that the transaction might not close, potential termination events, regulatory and compliance challenges, disruption to Stash’s business, employee-retention issues, legal proceedings, and integration difficulties, particularly because Grab currently has no prior commercial operations in the U.S. market.

How does the Stash acquisition fit into Grab’s financial services strategy?

Grab states that acquiring Stash will accelerate its financial services roadmap, adding a U.S. digital investing platform to its offerings. The company aims to integrate Stash’s operations, products, and technology and pursue growth and innovation opportunities after completion, subject to the outlined risks.

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