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Tag: grab car

  • Grab in Hiring Spree to Support Financial Services

    Grab in Hiring Spree to Support Financial Services

    The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans.

    The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the Grab-Singtel digibank, according to an announcement on its website.

    The hiring drive was announced at a signing of a memorandum of intent with the Infocomm Media Development Authority and Digital Industry Singapore to support the development of Singapore’s tech ecosystem, through the development of its tech talent and R&D capabilities here.

    The vacancies are from fields including artificial intelligence, cybersecurity, data science, software engineering, product management and design. There will also be employment opportunities in areas such as finance, operations, legal, public affairs and business development, Grab said.

    We are building products that positively impact millions across Southeast Asia, and we want to continue deepening our R&D capabilities and push the boundaries of innovation, right here at our strategic base, Tan Hooi-Ling, Grab co-founder, said in the statement.

    Grab previously said it would be pushing into retail wealth by focusing on accessible, convenient, and transparent investment products and solutions while broadening its wealth management offerings that feed into its goal of strengthening its open fintech ecosystem.

    The company has grown its suite of financial products in the past year, rolling out e-money, lending and insurance distribution on its platform, and moved into wealth management with the acquisition of Singapore-based robo-advisor Bento, which was relaunched as GrabInvest.

    It also led a $100 million Series B fundraising round for LinkAja, an e-wallet in Indonesia, where the ride hailer has been vying with competitor Gojek for the top spot in digital payments.

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  • Garb Car Establishes Cooperative

    Garb Car Establishes Cooperative

    Grab Car Indonesia announced a partnership with the Indonesian Rental Business Owners Cooperative (PRRI) after the Cooperatives and Small and Medium Enterprises Minister handed over the memorandum of incorporation for the cooperative on Wednesday, March 16, 2016.

    “We decided to do this [partnership with the cooperative] based on government’s recommendation,” Grab Indonesia managing director Ridzki Kramadibrata said at the Cooperatives and SMEs Ministry Wednesday, March 16, 2016.

    Ridzki added that with such partnership, the company could immediately apply for vehicle road worthiness tests (KIR). Ridzki revealed that Grab Car Indonesia would wait for instruction from the government.

    In response to Jakarta Governor Basuki “Ahok” Tjahaja Purnama’s suggestion related to sticker uses, Ridzki said that his company would accept the suggestion.

    “We’re happy with the suggestion, because we think that it’s suitable with our business model,” Ridzki added.

    Cooperatives and Small and Medium Minister Anak Agung Gede Ngurah Puspayoga said that Grab Car Drivers had been officially protected by the law and would be able to apply for the KIR test through the cooperative.

    “With such a legal basis, car rental business owners, including Grab Car, will be able to follow government regulations,” Puspayoga added.

    Puspayoga revealed that members of the cooperative could even be facilitated with micro loans (KUR) from the Ministry with an interest rate of below nine percent. Puspayoga explained that the loan could be used for a car down payment.

    PRRI chairman Ponco Seno said that the cooperative would help drivers to have an official organization to run their car rental business, including those who used online applications, under Law No. 22/2009 on Public Transportations.

    “So, Grab Car follows government regulations to run their transportation business in Indonesia,” Ponco said, adding that the application for the cooperative establishment was filed in October 2015.

    Ponco said that the cooperative crafted a program to improve members’ welfare, such as life insurances for drivers. With 5,000 members, Ponco said that the cooperative has set a workshop for 300 cars. The cooperative would also work with other garages to maintain members’ cars.

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