SoftBank-backed Grab raises US$856m from Japanese investors in financial services push

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SINGAPORE: Southeast Asia’s Grab said Japan’s Mitsubishi UFJ Financial Group (MUFG) and IT services firm TIS Inc have agreed to invest a combined US$856 million in the ride-hailing firm, as it seeks to expand aggressively into financial services. MUFG, Japan’s biggest bank by assets, has agreed to …