Morningstar

Grab Holdings to Buy U.S.-Based Stash Financial

Provided by Dow Jones Feb 11, 2026, 10:59:00 PM

By P.R. Venkat

Singapore ride-hailing company Grab Holdings plans to acquire Stash Financial, a U.S. digital financial services company valued at $425 million.

The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026, Grab said Thursday.

In a separate statement, Grab said its fourth-quarter revenue rose 19%, to $906 million.

Looking ahead, the company said it expects to generate $1.5 billion in adjusted earnings before interest, taxes, depreciation and amortization by 2028, with adjusted free-cash-flow conversion of about 80%.

"This provides us with greater flexibility to accelerate our platform ambitions while delivering shareholder value. To that end, we are announcing a newly authorized $500 million share repurchase program," Grab Financial Chief Peter Oey said.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

February 11, 2026 17:59 ET (22:59 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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