MariBank

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.

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

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

• Digital banking
• Retail banking
• Consumer finance
• Investment platform
• Cross-border payments

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. 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.
2. Card Transaction and Interchange Fees: Revenue from merchant discount rates on credit and debit card transactions, plus interchange fees on card spend.
3. Investment Product Distribution: Distribution fees and revenue sharing arrangements with fund managers Lion Global Investors, PIMCO, and Amova Asset Management for curated investment products.
4. Foreign Exchange Revenue: Margin on currency exchange rates for overseas transfers and cross-border transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core 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

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Amova Asset ManagementcoreStrategic or Co-development Partner · 1 March 2026Amova 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)coreTechnology or Integration · 1 February 2026TenPay 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 InvestorscoreStrategic or Co-development PartnerLion 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.
• PIMCOcoreStrategic or Co-development PartnerPIMCO 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 / HitPayminorGTM or Marketing PartnerShopeePay 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

Direct 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

• LinkedInlinkedin.com/company/maribank
• Instagraminstagram.com/maribank_sg

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MariBank