[Reddishday]

Two top executives at  Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.


Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told  Reuters.


Both Yeo and Goh worked at the Grab Financial Group's GrabFin unit, which provides digital payments, financing, insurance, rewards, and wealth management  services, and is an important plank of Grab's regional growth strategy.


The latest executive departures come as Grab's losses rose to $3.6 billion in 2021 from $2.7 billion a year earlier, while revenue rose 44%, with investors focusing on how the firm plans to stem losses.

More at https://shrtco.de/4rWg3p

[Sharexchange]

Company disintegrate soon? Their share price broke another New Low..

[Blasterlord2]

Loss-making never mind but they don't even have a niche as their area has low barrier of entry, and where consumers are very sensitive to price. If they raise their fare then people will just flock to taxis.

[Niubee]

Loss-making never mind but they don't even have a niche as their area has low barrier of entry, and where consumers are very sensitive to price. If they raise their fare then people will just flock to taxis.

Look at the billions lost, it will take decades to recover bk. Of course investors will use stock market to punt back and ditch later..