According to Deal Street Asia, the latest infusion came from A-5 DV Holdings Pte Ltd and SFG Digibank Investment Pte Ltd, both subsidiaries of Grab Holdings, which subscribed to new ordinary shares on 15 September. In total, Grab has now committed about US$311 million to the digital bank since the start of last year. GXS is among the four firms awarded a digital bank license by the Monetary Authority of Singapore (MAS). Grab’s most recent second-quarter earnings showed that financial services remains its only segment yet to achieve positive EBITDA. Adjusted EBITDA losses for the financial services division widened slightly to US$26 million in the quarter, compared with US$24 million a year earlier.