Grab Finance moving into Robo Advisor Space by aquiring Bento

Grab just announce they have acquired Singapore robo advisor Bento. Eventually Grab can also offer robo advisory service to Malaysians given the amount of robo advisory licenses dished out by Security Comissions Malaysia.

Bento seems to be a robo advisor for institutional investors rather than retail (the public) investors. This acquisition is quite logical in Grab's pursuit to become South East Asia's superapp.



Links
https://www.bento.cloud/
https://www.linkedin.com/company/13181082/
https://fintechnews.sg/36324/wealthtech/grab-moves-into-robo-advisory-through-acquistion-of-bento/?fbclid=IwAR3rJ02T4zZizCxoID1aknDraJoryO0tk3XzRJlL5MhYy0_ltnOzd_ZrL6E