"The bull case for Grab rests on its hyper-localized operating model and custom mapping, which allowed it to outcompete Western playbooks and dominate Southeast Asia's fragmented markets."

"Grab's integrated financial services and proprietary underwriting for unbanked users act as a high-margin flywheel that drives customer retention and platform spend."

"The guest argued that Sea Limited's payment and credit business, SeaMoney, poses a major long-term threat to Grab's super-app ambitions."