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# Grab Financial Services Posts 44% Revenue Growth and $536 Million Loan Portfolio in FY2024
- URL: https://www.theglobalbanker.com/grab-financial-services-posts-44-percent-revenue-growth-and-536-million-loan-portfolio-in/
- Published: 2025-02-20T09:20:00.000Z
- Updated: 2026-10-02T13:47:31.000Z
- Description: Grab's financial services arm posted FY2024 revenue of $253 million, up 44%, with its loan portfolio growing 64% to $536 million and digital bank deposits reaching $1.2 billion.
- Author: TGB Editorial Team
- Tags: Fintech, Asia-Pacific, #archive

Grab's Financial Services segment, which spans payments, lending, insurance and wealth products and its digital banks in Singapore and Malaysia, recorded revenue of $253 million for the full year 2024, a 44% increase year-on-year driven primarily by lending activity. 

The company's total loan portfolio outstanding reached $536 million by the end of 2024, representing 64% growth year-on-year. Loan disbursements in the fourth quarter alone totalled $639 million, 44% higher than the equivalent period a year earlier. 

#### DEPOSITS REACH $1.2 BILLION ACROSS DIGITAL BANKS

Customer deposits across Grab's digital banking operations in Singapore and Malaysia reached $1.2 billion by the close of the fourth quarter of 2024\. 

At $1.2 billion, the deposit pool already exceeds the $536 million loan portfolio. 

#### FREE CASH FLOW AND SEGMENT EBITDA

At group level, Grab reported positive adjusted free cash flow of $136 million for 2024, while the Financial Services segment's adjusted EBITDA loss narrowed 38% to $105 million.