Grab has announced plans to consolidate the finances of digital lender Superbank.

The consolidation involves transferring shares held by Singtel Alpha Investments to GXS Bank, the Singapore-based digital bank backed by the Grab and Singtel consortium.

Following the transfer, Grab’s direct and indirect stake in Superbank will increase to over 50%, meaning the digital lender’s financial statements will be consolidated into Grab’s reports.

Grab has been an investor in Superbank since 2022.

The company noted that using the scale of Grab and the OVO digital wallet will give Superbank a competitive advantage in providing services to customers.

Despite the consolidation, Singtel remains a strategic investor in both GXS Bank and Superbank to support ongoing financial inclusion efforts.

The consolidation plans follow strong business growth for Superbank in the early second quarter of 2026.

As of April 2026, the digital bank recorded a profit before tax of IDR 142 billion, marking a 1,528.8% year-on-year increase.

Total assets grew by 71.5% to IDR 24.0 trillion, aligned with a 55.4% rise in loan disbursements to IDR 12.2 trillion.

Third-party funds increased by 98.4% to IDR 15.1 trillion.

Net interest income rose by 84.5% to IDR 671 billion, supported by operational efficiency and a digital-first approach.

Following its initial public offering in December 2025, Superbank has deepened its integration with its shareholders’ digital platforms.

This includes the wider integration of its Pinjaman Atur Sendiri lending product, which allows users in the Grab and OVO ecosystems to access credit directly without switching applications.

Featured image credit: Edited by Fintech News Indonesia, based on image by Alex Hungate via LinkedIn