Seize Monetary Group (GFG), the fintech arm of Seize immediately introduced the launch of a collection of economic merchandise. The three primary merchandise GFG is launching below their new technique dubbed as ‘Thrive with Grab’ are a micro-investment platform named Auto Make investments; shopper loans through Seize’s third-party loan platform, and the buy-now-pay-later cost plans for choose e-commerce websites.
The micro-investment answer was shaped because of their acquisition of robo-advisory agency Bento in February 2020. This answer permits Singapore customers to ‘make investments as they spend” with their Seize transactions.
AutoInvest monies are invested in fixed-income funds supplied by Fullerton Fund Administration and UOB Asset Administration. The invested sum might be withdrawn any time with no penalties and will also be used to spend on Seize companies or at any service provider accepting the GrabPay Card.
Whereas the third get together loan platform will begin in Singapore earlier than increasing to Malaysia and different international locations. This platform will associate with licensed banks to offer shoppers to entry to loans instantly throughout the Seize app.
Whereas the buy-now-pay-later cost plan can be expanded to pick e-commerce websites in Malaysia and Singapore in October. The deliberate growth of the buy-now-pay-later cost plan was earlier revealed in an interview between Fintech Information Malaysia and GrabPay Managing Director, Ooi Huey Tyng.
Reuben Lai, Senior Managing Director, Seize Monetary Group, mentioned:
“As a leading fintech company in Southeast Asia, our ‘Thrive with Grab’ strategy will enable users to build their wealth, manage their finances and protect what they value during this uncertain period. By offering innovative micro-transaction-based financial services, convenient financial management tools and access to products from leading global financial institutions, we hope to unlock the tremendous potential in financial services in the region in ways that serve all Southeast Asians.”
Featured picture: Reuben Lai, Senior Managing Director, Seize Monetary Group