Hughes Hubbard & Reed along with Cooley LLP advised on Grab’s US$425 million acquisition of Stash Financial.

The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026. Following completion, Stash will remain a standalone entity within Grab’s business, retaining its existing recurring revenue model, services, and brand.

The acquisition will enable Grab to expand its international financial services footprint and accelerate its entry into the mass-market investing segment. Stash, an AI-powered investing platform, has over US$5 billion in assets under management and more than one million paying subscribers.

Hughes Hubbard & Reed 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 Hughes Hubbard team was led by Ken Lefkowitz and Javad Husain, with primary assistance from Charlie Wachsstock, Gerold Niggemann, Shahzeb Lari, Andy Braiterman, Chuck Samuelson, Sabrina Silverberg, and Tom Koziel, along with Andrés Berry, Gary Simon, Patrice Jean, Philip Giordano, Michael DeBernardis, Justin Cohen, Kristin Millay, Sean Reilly, Brandon Gershowitz, Dev Ghose, Jason Lee, Alexis Rosett, Lynn Russo, and paralegal Kathyann Saunders.

Cooley LLP advised Stash Financial on the transaction.

The Cooley team was led by Steve Tonsfeldt, Kate Nichols, Nathan Baum, Queenie Chen, Ben Ho, Alanna Anderson, Jeff Goldman, Aaron Pomeroy, Jeffrey Tolin, and Patrick Sharma.