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Grab’s $40 billion SPAC in the context of Uber’s borked neobank, Apple’s iOS, and Ant Financial’s superapp

Grab’s $40 billion SPAC in the context of Uber’s borked neobank, Apple’s iOS, and Ant Financial’s superapp

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IPO / SPACneobanksuper app
··1 min read

This week, we look at:

  • The economics of Southeast Asia’s largest super-app and its $40 billion SPAC valuation

  • The industrial logic of building out financial features adjacent to the core business of transportation and delivery

  • Why this model has not worked for Uber, but has worked for Apple, and the broader impact on financial services.