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

Dow Jones02-12

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 17:44 ET (22:44 GMT)

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

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Venkat \n\n\n \n\n\n  Singapore ride-hailing company Grab Holdings plans to acquire Stash Financial, a U.S. digital financial services company valued at $425 million. \n\n\n  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. \n\n\n  In a separate statement, Grab said its fourth-quarter revenue rose 19%, to $906 million. \n\n\n  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%. \n\n\n  \"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. \n\n\n \n\n\n  Write to P.R. 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