SeaBank Indonesia

What SeaBank Indonesia does

SeaBank Indonesia (legally PT Bank Seabank Indonesia) is a digital-only commercial bank headquartered in Jakarta, Indonesia, licensed and supervised by the Otoritas Jasa Keuangan (OJK) and Bank Indonesia, and a participant in the Lembaga Penjamin Simpanan (LPS) deposit insurance scheme. Founded in 1991 and reorganized as a digital bank within the Sea Group (Sea Limited, NYSE: SE) ecosystem, the bank delivers retail and small-business banking exclusively through its mobile application, with no physical branches. Core products include Tabungan (savings account at 2.5% p.a. with daily interest payout), Deposito (term deposits at up to 6% p.a.), SeaBank Pinjam and SeaBank Pinjam Xtra (personal lending), and SeaBank Bisnis (SME banking). Key customer-facing features include free interbank transfers up to 100 times per month, zero monthly admin fees, QRIS payments, e-wallet top-ups, bill payments, and two-factor authentication with encrypted data handling on a cloud-native mobile-first platform.

The bank operates a product-led, mobile-first go-to-market targeting underbanked Indonesian consumers, students, housewives, and UMKM (SME) owners who are underserved by traditional banks offering low deposit rates and high admin fees. Its primary distribution advantage is the embedded integration with Shopee, Southeast Asia's leading e-commerce platform, which allows customers to open accounts, link accounts, top up, and transact inside the Shopee app — leveraging Sea's broader technology and customer infrastructure. Revenue mechanics are conventional for a digital retail bank: net interest income from deposits and savings float, and interest income from consumer and small-business lending products (SeaBank Pinjam, SeaBank Pinjam Xtra, SeaBank Bisnis). The bank does not publish standalone revenue, but its parent reports Sea's Monee segment (which includes SeaBank) at $787.1 million in Q1 2025 with 57.6% year-over-year growth, indicating rapid scale within Indonesia's projected $12.03 billion embedded finance market. In 2025 SeaBank received multiple industry recognitions including Forbes World's Best Banks (Asia), Asian Banking & Finance Virtual Bank of the Year and Ecosystem Initiative of the Year, and YouGov's #1 Most-Improved Brand 2026, reinforcing brand momentum among Indonesian consumers.

Name

SeaBank Indonesia

Legal name

PT Bank Seabank Indonesia

Website

https://seabank.co.id

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SeaBank Indonesia is a digital-only commercial bank licensed by OJK and Bank Indonesia, offering savings, deposits, personal loans, and SME banking through its mobile app and Shopee integration to underbanked Indonesian consumers and UMKM owners.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Digital banking
• Mobile banking
• Savings accounts
• Personal loans
• SME lending

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: SeaBank generates revenue through interest on loans including SeaBank Pinjam (personal loans), SeaBank Pinjam Xtra, and SeaBank Bisnis (business loans)
2. Deposit and Savings Float: Interest-bearing deposits and savings accounts generating float income, with deposit rates up to 6% p.a. and savings at 2.5% p.a.
3. Financial Services Revenue: As part of Sea Group, SeaBank contributes to Sea's Monee segment which posted 57.6% YoY growth in Q1 2025 with $787.1 million in revenue

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

SeaBank Indonesia (PT Bank Seabank Indonesia) is a digital-only bank offering savings accounts, term deposits, personal and business loans, and payment services through a mobile application. The bank provides fee-free digital banking with competitive interest rates and is embedded within the Shopee e-commerce platform for account opening and transactions.

Product overview

SeaBank Indonesia is a digital bank offering a unified mobile-first banking platform through its SeaBank Mobile App. The core product portfolio includes Tabungan (digital savings with 2.5% p.a. interest and daily interest payout), Deposito (term deposits up to 6% p.a.), SeaBank Pinjam and SeaBank Pinjam Xtra (digital lending products), and SeaBank Bisnis (SME banking). All services are accessible via the mobile app with key features including free transfers (up to 100x/month), free e-wallet top-ups, QRIS payments, and bill payments. SeaBank operates a channel partnership with Shopee, enabling account opening and transactions through the e-commerce platform. The bank targets underbanked consumers and SMEs in Indonesia with fee-free, high-interest digital banking services.

Differentiator

Problem solved

Functional benefit

Brands

• SeaBank Pinjam: Personal loan product offered by SeaBank Indonesia
• SeaBank Pinjam Xtra
• SeaBank Bisnis

Products and services

• Tabungan SeaBank Digital savings account offering 2.5% p.a. interest rate calculated and paid daily, with no monthly admin fees and free transfers up to 100 times per month. Designed for individual consumers, employees, students, and housewives seeking accessible savings.
• Deposito SeaBank Term deposit product offering interest rates up to 6% per annum for customers seeking higher returns on savings. Targets conservative savers including housewives and investors looking for safe investment options.
• SeaBank Pinjam Digital personal lending product providing loans accessible through the SeaBank mobile platform. Targeted at individual borrowers needing consumer credit.
• SeaBank Pinjam Xtra Enhanced digital lending product with extended features for qualified borrowers, complementing the standard SeaBank Pinjam offering.
• SeaBank Bisnis Business banking solution designed to support Indonesian UMKM (small and medium enterprise) owners and business operators with digital financial services for managing operations, payroll, and growth capital.

Quantifiable outcome

• Sea's Monee segment (including SeaBank) achieved 57.6% year-over-year growth in Q1 2025 with $787.1 million in revenue

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• ShopeecoreChannel Partner/ Reseller/ DistributorSeaBank has a strategic partnership with Shopee enabling customers to open SeaBank accounts directly through Shopee app, link their Shopee accounts, perform top-ups and withdrawals, and make payments within the Shopee e-commerce platform. This integration is a core component of SeaBank's embedded finance strategy.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bank Jago: Indonesia's leading digital bank, integrated with the Gojek ecosystem in a structure closely paralleling SeaBank x Shopee. Targets similar mass-market and UMKM segments with mobile-first deposits, savings, and lending.
• BCA Digital (blu): Digital banking arm of Indonesia's largest private bank (BCA), targeting younger, mobile-first consumers with savings, transfers, and lifestyle features. Directly comparable in product category and customer type.
• Jenius (Bank Digital BTPN): One of Indonesia's first digital-only banks, offering mobile-first savings, transfers, and lending to professionals and SMEs. Competes head-to-head with SeaBank for the same Indonesian digital-native customer base.
• Bank Aladin Syariah: Indonesia's digital sharia bank with mobile-only distribution, targeting underbanked Muslim consumers and SMEs. Competes with SeaBank on fee-free, high-rate deposit economics in a similar customer segment.
• TMRW by UOB: UOB's digital bank targeting Indonesia's young, mobile-first consumers with savings, transfers, and lifestyle features. Comparable product set and customer profile to SeaBank's mass-market offering.

Emerging players

• GoPay (GoTo Financial): Indonesia's largest e-wallet, part of the GoTo ecosystem and embedded into Gojek. Competes with SeaBank for the same underbanked Indonesian consumers and increasingly offers banking-adjacent deposit and lending products.
• Akulaku: Indonesia-focused fintech offering BNPL, digital lending, and banking products to underbanked consumers. Comparable target customer (mass-market, underbanked) with overlapping lending product set to SeaBank Pinjam.

Broad incumbents

• Grab Financial Group: Southeast Asia's super-app with deep financial services (payments, lending, insurance) embedded across its ride-hailing, food, and merchant ecosystems. Competes with SeaBank across multiple SEA markets including Indonesia.
• KakaoBank: South Korea's leading mobile-only bank, integrated within the KakaoTalk super-app ecosystem - a structural parallel to SeaBank's Shopee integration. Useful benchmark for digital bank unit economics and ecosystem strategies.
• WeBank: China's largest digital-only bank, serving underbanked consumers and SMEs through Tencent ecosystem channels. Provides benchmark on scale of embedded finance and digital deposit-gathering economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SeaBankID
• YouTubeyoutube.com/channel/UCJvfi6QnrsK7H-S_KyUuVNw
• Facebookfacebook.com/SeaBankIndonesia
• LinkedInlinkedin.com/company/seabank-indonesia
• Instagraminstagram.com/seabank.id
• TikToktiktok.com/@seabank.id

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about SeaBank Indonesia