business

Superbank Secures Additional Investment From Grab, Singtel & KakaoBank, Driving Innovation

Superbank announced today an additional investment of Rp1.2 trillion from its shareholders, Grab, Singtel, and KakaoBank. The investment from these three shareholders will support Superbank in enhancing its services and product innovations to meet the diverse financial needs and lifestyles of its customers.

This investment also reaffirms the shareholders' confidence and support for Superbank's vision and growth potential, as it has recently become the first bank in Indonesia to provide access to millions of Grab users and partners to open accounts, save, and use the account as a direct payment method in the Grab application without the need to download additional apps.

Tigor M. Siahaan, President Director of Superbank, said, "We greatly appreciate the trust of our shareholders in supporting our efforts to continue creating innovative and relevant digital banking products and services. The ongoing support from Grab, Singtel, and KakaoBank is not only in the form of investment but also cutting-edge technology, insights, and network assets to accelerate our growth.

This additional investment will strengthen us in expanding inclusive financial services and easily accessible financing for more retail customers and underbanked MSMEs in Indonesia."

Neneng Goenadi, Country Managing Director of Grab Indonesia, said, "Grab understands the importance of introducing digital banking technology with various innovative features that are easily accessible and can help improve financial management for consumers. Grab's support for Superbank reaffirms our joint commitment to enhancing financial inclusion throughout Indonesia."

Yun, Ho Young, Chief Executive Officer of KakaoBank, stated, "As a mobile-first bank and a leading financial technology company with a strong global network, KakaoBank understands the transformative power of secure and easily accessible digital banking solutions. Our ongoing investment in Superbank reinforces our dedication to driving innovation and financial inclusion on a global scale, empowering the people of Indonesia through reliable financial services."

Supported by an ecosystem consisting of key industry players such as Emtek Group, Grab, Singtel, and KakaoBank, this additional investment will significantly strengthen Superbank's capabilities and competitiveness in the Indonesian market.

"With strong support from our ecosystem partners, we are confident that we can further enhance our role in driving sustainable growth for underbanked communities to help improve their productivity and well-being," Tigor concluded.

---

Tag: Grab KakaoBank Singtel Superbank