Grab makes first major acquisition with deal to buy Indonesian fintech startup Kudo

Grab, Uber’s biggest rival in Southeast Asia, has completed its first major acquisition after it acquired Indonesian startup Kudo to boost its mobile payment platform. Neither part is giving a figure for the size of the deal, which was first rumored in February. Initial reports at the time suggested Grab would pay over $100 million for Kudo, but two sources close to the company told… Read More