Hughes Hubbard is advising Grab Holdings Limited on its definitive agreements to acquire 100% of the equity interest in Stash Financial, Inc., 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 $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. Following closing, Stash will remain a standalone entity as part of Grab’s business, retaining its current recurring revenue model, services, and brand.
The acquisition will allow Grab to expand its international financial services footprint and accelerate entry into the mass-market investing segment. Stash, an AI-powered investing app, has over $5 billion in assets under management and over a million paying subscribers.
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