MariBank
MariBank is a Singapore-based digital-only bank and wholly-owned subsidiary of Sea Limited, serving retail consumers and SMEs with savings, cards, lending, and investment products via a mobile app, while operating MariBank Philippines as a digital rural bank.
- Company typePrivate
- Founded2023
- HeadquartersSingapore, Singapore
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What MariBank does
MariBank is a Singapore-headquartered digital bank and wholly-owned subsidiary of Sea Limited (NYSE: SE), the parent of Shopee and Garena. Launched in March 2023 under a digital full bank license from the Monetary Authority of Singapore, MariBank operates a mobile-only, branchless banking platform distributed via proprietary iOS, Android, and Huawei applications, with Singpass integration enabling instant identity verification and onboarding. Its product suite spans the Mari Savings Account (0.88% p.a. daily interest, no minimums), the Mari Invest wealth platform distributing funds from Lion Global Investors, PIMCO, and Amova Asset Management (SavePlus money market at S$865M, Income bond fund, Gold, and Singapore Equity), Mari Credit Card (1.5% unlimited cashback) and Debit Card (0.5%), Instant Loans with 10-second disbursement, and a Mari Business Account vertical for SMEs. Through its subsidiary MariBank Philippines Inc. - which acquired SeaBank Philippines in April 2025 and operates as a digital-centric rural bank - MariBank also serves the Philippines market with US$1.16B in assets and two consecutive years of breakeven.
MariBank firmographics
Firmographics- Name
- MariBank
- Legal name
- MariBank Singapore Private Limited
- Website
- https://maribank.sg
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- MariBank is a Singapore-based digital-only bank and wholly-owned subsidiary of Sea Limited, serving retail consumers and SMEs with savings, cards, lending, and investment products via a mobile app, while operating MariBank Philippines as a digital rural bank.
- Ownership category
- akta.pro rank
MariBank industry classification
Industry- Product category
- Digital Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)
- akta.pro secondary industries
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where MariBank is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
MariBank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest earned on loans and credit products including Instant Loans, Balance Transfers, and credit card receivables. Interest paid to depositors on savings and fixed deposit accounts.
- Card Transaction and Interchange Fees: Revenue from merchant discount rates on credit and debit card transactions, plus interchange fees on card spend.
- Investment Product Distribution: Distribution fees and revenue sharing arrangements with fund managers Lion Global Investors, PIMCO, and Amova Asset Management for curated investment products.
- Foreign Exchange Revenue: Margin on currency exchange rates for overseas transfers and cross-border transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Mari Savings Account: 0.88% p.a. daily interest, no minimum deposit, no fees |
| Transaction based/ take rate | Monthly | Mari Credit Card: 1.5% unlimited cashback, no annual fee |
| Transaction based/ take rate | Monthly | Mari Debit Card: 0.5% unlimited cashback, no annual fee |
| Other | Pay-as-you-go | Mari Invest SavePlus: No entry minimum, no transaction fees |
| Other | Pay-as-you-go | Mari Invest Gold: Physical gold fund from S$1, 0.50% annual management fee |
| Other | Pay-as-you-go | Mari Invest Singapore Equity: Fund from S$1, 1.25% annual management fee |
| Subscription | Monthly | Instant Loan: From 1.28% p.a. (EIR 1.92%), borrow from S$100, no processing fee |
| Subscription | Monthly | Balance Transfer: 0% interest, processing fee from 1.30% (EIR from 5.38% p.a.) |
| Subscription | Monthly | Mari Business Account: 0.88% p.a. interest, S$0 local and overseas transfer fees |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
MariBank product offering
Product offeringCore offering
MariBank is a Singapore-based digital full bank offering savings accounts, fixed deposits, credit and debit cards, personal and business loans, and an investment platform (Mari Invest) distributing managed funds. All services are delivered through proprietary iOS, Android, and Huawei mobile applications with Singpass-based instant onboarding, and the bank operates a rural bank subsidiary in the Philippines.
Product overview
MariBank is a Singapore-based digital bank subsidiary of Sea Group operating under a digital full bank license from the Monetary Authority of Singapore. The product portfolio is organized as a platform-plus-modules architecture centered on the Mari Savings Account (core deposit product) and Mari Invest (investment platform). Mari Invest distributes multiple fund sub-products including SavePlus (money market fund with instant withdrawal), Income (global bond fund), Gold (physical gold investment), and Singapore Equity (dividend-focused equity fund), all managed by third-party asset managers. The bank offers card products including Mari Credit Card (1.5% cashback) and Mari Debit Card (0.5% cashback), plus lending products such as Instant Loan, Split Payment, and Balance Transfer. Business banking includes Mari Business Account, Mari Business Fixed Deposit, Business Overseas Transfers, and two loan variants (Credit Line and Term Loan). All products are accessible through a unified mobile banking app with cross-product features like overseas transfers (supporting Alipay, Weixin Pay, UnionPay) and payment integrations (PayNow, Google Pay, Apple Pay, NETS SGQR). MariBank also operates MariBank Philippines as a digital-centric rural bank.
Differentiator
Problem solved
Functional benefit
Brands
- Mari Invest: Investment account offering professionally managed investment solutions including Mari Invest SavePlus, Mari Invest Income, Mari Invest Gold, and Mari Invest Singapore Equity funds.
- Mari Credit Card
- Mari Debit Card
- Mari Instant Loan
- Mari Business Account
Products and services
- Mari Savings Account Digital savings account paying 0.88% p.a. interest credited daily with no minimum deposit, no salary crediting, and no fall-below fees. Includes PayNow, overseas transfers, and Shopee integration. Targeted at Singapore residents and foreigners with valid passes.
- Mari Fixed Deposit Time deposit product for retail customers offering multiple tenors with guaranteed returns if held until maturity. Minimum deposit as low as S$100.
- Overseas Transfers International money transfer service sending funds to over 59 destinations in 21 currencies with $0 transfer fees and competitive FX rates, including instant transfers to China via Alipay, Weixin Pay, and UnionPay and to India. Targeted at retail consumers.
- Mari Invest Digital investment platform offering professionally managed investment solutions starting from S$1 with no transaction fees. Distributes multiple fund products managed by asset managers including Lion Global Investors, PIMCO, and Amova Asset Management. Targeted at retail consumers.
- Mari Invest SavePlus Money market fund (Lion-MariBank SavePlus) managed by Lion Global Investors with no lock-in period and no transaction fees. Targets higher yields than SGD deposits while prioritizing capital safety and high liquidity. Fund size S$865 million as of May 2026.
- Mari Invest Income Income-focused investment product distributing the PIMCO GIS Income Fund Admin SGD Hedged – Inc, providing exposure to the global bond market with high monthly payouts. Fund global size exceeds S$100 billion and has been established for over 10 years.
- Mari Invest Gold Singapore's first physical gold fund allowing investment in certified gold bars stored in Singapore vaults from S$1. Tracks the LBMA Gold Price AM with fully insured physical gold and 24/7 vault security. 0.50% annual management fee.
- Mari Invest Singapore Equity
- Mari Credit Card Credit card offering 1.5% unlimited cashback on local and overseas spend with no minimum spend. Features best-in-class FX rates, no FX fees on overseas spend, 1.5% unlimited Shopee Coins on Shopee purchases, and Apple Pay and Google Pay support.
- Mari Debit Card Debit card offering 0.5% unlimited cashback on local card spend and 0.5% cashback on overseas spend (up to S$1,500/month) with no FX fees, best-in-class FX rates, and Apple Pay and Google Pay support.
- Instant Loan Personal loan product offering borrowing from 1.28% p.a. (EIR 1.92% p.a.) with loan disbursement within 10 seconds and no processing fees. Minimum S$100, flexible tenors up to 60 months, available for renovation, wedding, and education purposes.
- Mari Business Account Business banking account offering up to 0.88% p.a. interest with $0 local and overseas transfer fees (promotion until June 2026) and $0 fall-below and account fees. Includes features for supplier payments, staff payments, and Shopee seller daily balance withdrawals.
- Business Overseas Transfers International money transfer service for business customers offering $0 transfer fees to over 59 destinations in 21 currencies with better FX rates. Supports instant transfers to China, India, Thailand, Canada, and the United Kingdom.
- Mari Business Loan (Credit Line) Business revolving credit line offering fast approval and drawdown with simple interest from 0.42% per month. Credit limits from S$1,000 to S$200,000 with flexible repayment over 3, 6, 9, or 12 months. No processing or annual fees.
- Mari Business Loan (Term Loan) Business term loan with facility limits up to S$500,000 and flexible repayment over 1-5 years. Designed for longer-term business financing needs with competitive interest rates.
- Mari Business Fixed Deposit Business time deposit product with minimum placement as low as S$1,000. Offers guaranteed returns with no early withdrawal fees (no interest paid on early withdrawal), enabling businesses to optimize returns on excess working capital.
- MariBank Philippines Credit Card First credit card product in the Philippines combining debit and credit modes with zero annual fees, 1% base cashback, no foreign exchange markups, and 20 to 49 days of 0% interest on full statement payments.
Quantifiable outcome
- Assets under management exceeded $149 million for Mari Invest within months of launch
- +2 more outcomes
Companies that use MariBank
Customer profileSegments1 record
Ideal customer profiles3 records
MariBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature3 records
MariBank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Amova Asset ManagementcoreAmova Asset Management (formerly Nikko AM) partnered with MariBank in March 2026 to distribute the Amova Singapore Dividend Equity Fund through Mari Invest Singapore Equity. Amova manages US$274.3 billion in assets.
- TenPay Global (Tencent)coreTenPay Global, Tencent's cross-border payments platform, enables MariBank's Overseas Transfers service to Weixin Pay wallets in China. The partnership enables instant transfers to Chinese e-wallets for retail and SME users.
- Lion Global InvestorscoreLion Global Investors manages the Lion-MariBank SavePlus money market fund and the LionGlobal Singapore Physical Gold Fund distributed through MariBank's Mari Invest platform. LGI is one of Southeast Asia's largest asset managers with S$74.5 billion in AUM.
- PIMCOcorePIMCO Global Advisors (Ireland) Limited manages the PIMCO GIS Income Fund Admin SGD Hedged – Inc distributed through MariBank's Mari Invest Income product. PIMCO is a leading global fixed income manager with over S$100 billion in fund size.
- ShopeePay / HitPayminorShopeePay partnered with HitPay to embed digital payment services in HitPay's Philippine payment gateway. MariBank Philippines Inc. is referenced as part of the inclusive digital financial ecosystem supporting the partnership.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
MariBank competitors and assessment
Company assessmentDirect peers
- GXS Bank: GXS is one of Singapore's four digital full bank licensees, directly competing with MariBank on retail deposits, cards, and SME banking. Backed by Grab and Singtel, it shares the same MAS-licensed neobank positioning and product-led growth motion.
- Trust Bank: Trust is another Singapore digital full bank (backed by Standard Chartered and NTUC), competing head-to-head with MariBank on savings accounts, credit cards, and ecosystem-driven customer acquisition through FairPrice and NTUC affiliations.
- WeLab Bank: Hong Kong-licensed virtual bank offering mobile-first deposits, cards, and personal loans with a similar product-led model to MariBank. Comparable in being an Asia-based digital-only bank with no physical branches and ecosystem partnerships.
- TymeBank: South African digital bank that, like MariBank, sits inside a larger consumer ecosystem (Tyme Group/Pick n Pay) and has expanded cross-border into Southeast Asia. Directly comparable as a digital-only, ecosystem-distributed neobank targeting the underserved mass market.
- SeaBank Indonesia: SeaBank is Sea Limited's Indonesian digital banking arm, sharing the same parent, ecosystem (Shopee), and digital-only playbook as MariBank. The closest internal peer for SEA digital banking strategy, product mix, and unit economics.
- Kakao Bank: South Korea's leading mobile-first internet bank, comparable to MariBank as a digital-only bank built atop a super-app ecosystem (KakaoTalk), offering deposits, lending, and investments to retail users at scale.
Broad incumbents
- Revolut: Global digital banking super-app offering multi-currency accounts, cards, and remittances. Comparable to MariBank on cross-border FX, instant transfers, and integrated investing features targeting cross-border and SEA retail customers.
- Wise: Wise is the global benchmark for low-cost, transparent cross-border money transfers. Comparable to MariBank on its zero-fee overseas transfer positioning, multi-currency accounts, and 21-currency remittance corridor.
- DBS Bank (digibank): Singapore's dominant incumbent bank with aggressive digital play (DBS PayLah!, digibank). Competes with MariBank on retail deposits, cards, and SME banking in the same Singapore market with a much larger balance sheet and branch-light digital strategy.
Emerging players
- Akulaku: SEA-focused digital finance platform providing consumer credit, payments, and digital banking across Indonesia, Philippines, and Vietnam. Comparable to MariBank on digital-first consumer lending and emerging-market financial inclusion, with overlap in the Philippines market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
MariBank social profiles
Digital presenceMariBank compliance and trust
Trust signalCompliance2 records
MariBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
MariBank leadership team
Management profileNumber of profiles
Profiles3 records
MariBank subsidiaries and ownership
Company hierarchySubsidiaries1 record
MariBank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MariBank M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MariBank
What does MariBank do?
MariBank is a Singapore-based digital full bank offering savings accounts, fixed deposits, credit and debit cards, personal and business loans, and an investment platform (Mari Invest) distributing managed funds. All services are delivered through proprietary iOS, Android, and Huawei mobile applications with Singpass-based instant onboarding, and the bank operates a rural bank subsidiary in the Philippines.
Is MariBank a public or private company?
MariBank is a private company. It is classified as corporate owned and is currently operating.
When was MariBank founded?
MariBank was founded in 2023. It employs 5,001 to 10,000 people.
Where is MariBank based?
MariBank is headquartered in Singapore, Singapore, in the Asia region.
How does MariBank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are card Transaction and Interchange Fees, investment Product Distribution and foreign Exchange Revenue.
Who are MariBank's main competitors?
Direct peers on record are GXS Bank, Trust Bank, WeLab Bank, TymeBank, SeaBank Indonesia and Kakao Bank. Broad incumbents are Revolut, Wise and DBS Bank (digibank). Akulaku is listed as an emerging player.
Does MariBank have an API?
No public API is recorded for MariBank.
What industry is MariBank in?
MariBank's product category is Digital Banking. Its primary akta.pro industry code is FSAGAAAI, SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522110 and its SIC code is 6021.