Original Source Material
The deal is set to close in the third quarter, when Grab will pay $425 million to acquire a majority interest in the fintech, then buy the rest at market value over the next three years.
Singapore super-app Grab to acquire US fintech Stash
Summary
- Singapore super-app Grab is acquiring a majority interest in US fintech Stash for $425 million with an option to buy the rest at market value over three years.
- The deal is expected to close in the third quarter.
Why It Matters for Texas Credit Unions
The article does not mention Texas or any specific regulations that would be relevant to Texas credit unions.