Sea Ltd's fintech arm, Monee, has seen significant growth and success in Southeast Asia.

Sea Limited, known for Shopee and Garena, is quietly building up its fintech arm, Monee. Starting as a digital wallet, Monee now offers mobile wallets, lending, payments, insurance, and more. In Q1 2025, it generated $787 million in revenue, with 58% YoY growth and $241 million in adjusted EBITDA.

Monee’s success stems from upselling services beyond basic wallets, with a focus on digital lending in underserved Southeast Asia. With banking arms in Indonesia, the Philippines, and Singapore, Monee added over 4 million borrowers in Q1, totaling over 28 million active users. The NPL ratio decreased to 1.1%.

Southeast Asia’s underbanked market presents a vast opportunity for Sea’s fintech business, supported by increasing smartphone penetration and government initiatives for digital financial inclusion. Monee’s deep integration with Shopee and expanding product suite enhances customer acquisition and lifetime value per user.

With the rapid growth and performance of Monee, Sea Limited’s fintech business may become a significant asset. Investors should closely monitor its progress as it continues to evolve and capture the growing fintech market in Southeast Asia.

Read more at Yahoo Finance.: Sea Ltd Is Quietly Building Up a Fintech Empire