Wallets/seabank-id
SeaBank Indonesia (Monee)
0 standards supported
Overview
SeaBank Indonesia (Monee) is Sea Limited / Monee Group subsidiary + NYSE: SE + 13M+ customers + nearly $2B total assets 2025 + aim to reach 15M users by year-end + $1.4B gross loans 2024 + 84% loan-to-deposit ratio + modest but regular profits + May 8 2025 SeaMoney rebranded to Monee [1, 2, id-cro]. 2025 baseline: SeaBank Indonesia 13M+ customers + nearly $2B total assets + 15M users by year-end target; SeaBank leverages Sea's popular e-commerce platform Shopee to appeal to retail customers, many of whom lack access to traditional banks distinctive Indonesian digital bank Shopee ecosystem strategy; May 8 2025 SeaMoney rebranded to Monee alongside Monee's global headquarters opening for digital financial services at Rochester Commons in Singapore + SeaBank under Monee brands available in 7 markets across Southeast Asia and Taiwan.
Distinctive SeaBank Indonesia positioning:
- Sea Limited / Monee Group subsidiary (NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem)
- 13M+ customers + nearly $2B total assets 2025 distinctive Indonesian digital bank scale
- aim to reach 15M users by year-end distinctive Indonesian digital bank growth target
- $1.4B gross loans 2024 + 84% loan-to-deposit ratio distinctive Indonesian digital bank credit penetration
- SeaBank leverages Sea's popular e-commerce platform Shopee to appeal to retail customers, many of whom lack access to traditional banks distinctive Indonesian digital bank Shopee ecosystem strategy
- May 8 2025 SeaMoney rebranded to Monee alongside Monee's global headquarters opening for digital financial services at Rochester Commons in Singapore distinctive Sea Group fintech rebranding
- 2010 PT Bank Kesejahteraan Ekonomi founding + 2021 PT Bank Kesejahteraan Ekonomi acquired by Sea Group + rebranded to SeaBank Indonesia distinctive Indonesian digital bank Sea Group acquisition heritage
History
2010 — PT Bank Kesejahteraan Ekonomi founded as Indonesian commercial bank.
2021 — PT Bank Kesejahteraan Ekonomi acquired by Sea Group + rebranded to SeaBank Indonesia distinctive Indonesian digital bank Sea Group acquisition heritage.
2021 — SeaBank Indonesia digital banking app launches as Indonesian mobile-first Sea Group ecosystem digital bank.
2024 — SeaBank Indonesia $1.4B gross loans + 84% loan-to-deposit ratio + modest but regular profits [1].
May 8 2025 — SeaMoney rebranded to Monee alongside Monee's global headquarters opening for digital financial services at Rochester Commons in Singapore + SeaBank under Monee brands available in 7 markets across Southeast Asia and Taiwan [3].
2025 — SeaBank Indonesia 13M+ customers + nearly $2B total assets + 15M users by year-end target [1, 2].
Ownership & operator
Operating entity: PT Bank Seabank Indonesia (Sea Limited / Monee Group subsidiary; NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem).
Major shareholders: Sea Limited (NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem) majority controlling + Indonesian retail + institutional + foreign investors.
Regulators: OJK (Otoritas Jasa Keuangan / Financial Services Authority Indonesia) + Bank Indonesia.
Technical integration
SeaBank Indonesia mobile banking app (iOS + Android; 13M+ customers + nearly $2B total assets 2025) + seabank.co.id online; QRIS (Quick Response Code Indonesian Standard); SeaBank leverages Sea's popular e-commerce platform Shopee to appeal to retail customers, many of whom lack access to traditional banks distinctive Indonesian digital bank Shopee ecosystem strategy + May 8 2025 SeaMoney rebranded to Monee alongside Monee's global headquarters opening for digital financial services at Rochester Commons in Singapore + SeaBank under Monee brands available in 7 markets across Southeast Asia and Taiwan.
Users & growth
2025: SeaBank Indonesia 13M+ customers + nearly $2B total assets + 15M users by year-end target; $1.4B gross loans 2024 + 84% loan-to-deposit ratio + modest but regular profits.
Use cases
Indonesian retail + private + commercial + digital + Sea Group Shopee + Garena + SeaMoney/Monee ecosystem banking via SeaBank Indonesia mobile + seabank.co.id online; QRIS; SeaBank leverages Sea's popular e-commerce platform Shopee to appeal to retail customers, many of whom lack access to traditional banks distinctive Indonesian digital bank Shopee ecosystem strategy.
Implementations & partners
Operator: PT Bank Seabank Indonesia (Sea Limited / Monee Group subsidiary; NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem); Sea Limited (NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem) majority controlling + Indonesian retail + institutional + foreign investors.
Sea Group ecosystem partnership: [[shopeepay]] (Sea Group Shopee mobile wallet across Southeast Asia) + [[seabank-id]] (Sea Group Indonesian digital bank) + [[maribank-sg]] (Sea Group Singapore digital bank; Sep 1 2022 Singapore DFB DFW launch; Aug 18 2023 Singapore retail launch invite-only basis) + Garena (Sea Group gaming subsidiary) + Monee (post-May 8 2025 SeaMoney rebranding; Sea Group fintech holding; 26M+ active credit users; $5B loan book; 7 markets across Southeast Asia and Taiwan).
Major Indonesian banking + digital bank competitors: [[bank-central-asia]] (Bank Central Asia BCA Mobile; Indonesia's largest private bank by assets; IDX: BBCA; ~30M+ BCA Mobile users) + [[bank-mandiri]] (Indonesia's largest state-owned bank by assets; IDX: BMRI; Livin' by Mandiri) + [[bank-rakyat-indonesia]] (Bank Rakyat Indonesia BRImo; Indonesia's #2 state-owned bank by assets; IDX: BBRI; 38M+ BRImo users) + [[btn-indonesia]] (Bank Tabungan Negara; Indonesia's housing-focused state-owned bank; IDX: BBTN) + [[bank-jago]] (Indonesian-listed technology-based bank; IDX: ARTO; 18.6M+ customers Q3 2025; GoTo + Gojek ecosystem strategic partner) + [[bank-aladin]] (Indonesian digital-based Syariah bank; IDX: BANK; Aladin Bank donations + zakat features) + [[bank-neo]] (BNC Bank Neo Commerce; Indonesian digital bank; IDX: BBYB) + [[allo-bank]] (Indonesian digital bank; CT Corp ecosystem).
Regulators: OJK + Bank Indonesia.
Fun facts
- Sea Limited / Monee Group subsidiary (NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem).
- 13M+ customers + nearly $2B total assets 2025 distinctive Indonesian digital bank scale.
- aim to reach 15M users by year-end distinctive Indonesian digital bank growth target.
- $1.4B gross loans 2024 + 84% loan-to-deposit ratio + modest but regular profits distinctive Indonesian digital bank credit penetration.
- SeaBank leverages Sea's popular e-commerce platform Shopee to appeal to retail customers, many of whom lack access to traditional banks distinctive Indonesian digital bank Shopee ecosystem strategy.
- May 8 2025 SeaMoney rebranded to Monee alongside Monee's global headquarters opening for digital financial services at Rochester Commons in Singapore distinctive Sea Group fintech rebranding.
- 2010 PT Bank Kesejahteraan Ekonomi founding + 2021 PT Bank Kesejahteraan Ekonomi acquired by Sea Group + rebranded to SeaBank Indonesia distinctive Indonesian digital bank Sea Group acquisition heritage.
Comparison
| Feature | SeaBank Indonesia | [[bank-jago]] (Indonesian-listed technology-based bank rival; IDX: ARTO; 18.6M+ customers Q3 2025; GoTo + Gojek ecosystem strategic partner) | [[bank-central-asia]] (Bank Central Asia rival; Indonesia's largest private bank by assets) | [[maribank-sg]] (MariBank Singapore rival; Sea Group Singapore digital bank) | [[bank-aladin]] (Indonesian digital-based Syariah bank rival; IDX: BANK) |
|---|---|---|---|---|---|
| Operator | PT Bank Seabank Indonesia (Sea Limited / Monee Group subsidiary; NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem) | PT Bank Jago Tbk (IDX: ARTO; Indonesian-listed technology-based bank) | Bank Central Asia (IDX: BBCA; Hartono family Djarum Group controlling) | MariBank Singapore (Sea Limited / Monee Group subsidiary; Singapore digital bank) | PT Bank Aladin Syariah Tbk (IDX: BANK; Indonesian digital-based Syariah bank) |
| Type | Sea Limited / Monee Group subsidiary + NYSE: SE + Sea Group Shopee + Garena + SeaMoney ecosystem + 13M+ customers + nearly $2B total assets 2025 + 15M users by year-end target + $1.4B gross loans 2024 + 84% loan-to-deposit ratio + May 8 2025 SeaMoney rebranded to Monee + SeaBank leverages Sea's Shopee ecosystem | Indonesian-listed technology-based bank + 18.6M+ customers Q3 2025 + 14.5M+ funding customers + GoTo + Gojek ecosystem strategic partner + Forbes World's Best Banks ranking + GoPay Tabungan by Jago integration | Indonesia's largest private bank by assets + ~30M+ BCA Mobile users + Hartono family Djarum Group controlling | Sea Group Singapore digital bank + Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis + S$75M Sea capital injection 2025 + first Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries) | Indonesian digital-based Syariah bank + IDX: BANK + previously known as Bank Net Syariah before Aladin Bank rebranding + Aladin Bank donations + zakat features + DSN-MUI Sharia supervisory board oversight |
| Country | ID | ID | ID | SG | ID |
| Distinctive | 2010 PT Bank Kesejahteraan Ekonomi founding; 2021 PT Bank Kesejahteraan Ekonomi acquired by Sea Group + rebranded to SeaBank Indonesia; 2021 SeaBank Indonesia digital banking app launch; 2024 $1.4B gross loans + 84% loan-to-deposit ratio + modest but regular profits; May 8 2025 SeaMoney rebranded to Monee alongside Monee's global headquarters opening at Rochester Commons in Singapore | 1992 PT Bank Artos Indonesia Tbk founding; 2020 PT Bank Artos Indonesia Tbk acquired by Jerry Ng + Patrick Walujo + GIC + Northstar Group + Provident Group + transformed to Bank Jago digital bank; 2021 Bank Jago digital banking app launch | 1957 BCA founding; 2000 BCA IPO on IDX | Sep 1 2022 MariBank Singapore DFB DFW launch; Aug 18 2023 Singapore retail launch invite-only basis; May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to about US$639M | 1994 PT Bank Net Indonesia founding; 2018 PT Bank Net Indonesia converts to Bank Net Syariah; 2021 PT Bank Net Syariah rebranded to PT Bank Aladin Syariah Tbk + Aladin Bank digital Islamic bank launch |
Status
Active, Sea Limited / Monee Group subsidiary + NYSE: SE + 13M+ customers + nearly $2B total assets 2025 + 15M users by year-end target + May 8 2025 SeaMoney rebranded to Monee [1, 2, 3]:
- PT Bank Seabank Indonesia (Sea Limited / Monee Group subsidiary; NYSE: SE; Sea Group Shopee + Garena + SeaMoney ecosystem) since 2010 PT Bank Kesejahteraan Ekonomi founding + 2021 PT Bank Kesejahteraan Ekonomi acquired by Sea Group + rebranded to SeaBank Indonesia + 2021 SeaBank Indonesia digital banking app launch + 2024 $1.4B gross loans + 84% loan-to-deposit ratio + modest but regular profits + May 8 2025 SeaMoney rebranded to Monee.
- SeaBank Indonesia 13M+ customers + nearly $2B total assets + 15M users by year-end target.
- SeaBank leverages Sea's popular e-commerce platform Shopee to appeal to retail customers, many of whom lack access to traditional banks.
- OJK + Bank Indonesia regulated.
Sources
- 1 SeaBank Indonesia achieves rapid profitability and growth — The Asian Banker
- 2 What Makes Digital Banks in Southeast Asia Successful? — The Diplomat
- 3 Sea Ltd Fintech SeaMoney Rebrands to Monee Including Singapore MariBank & Indonesia SeaBank — Caproasia
- id-cro In-corpus:
reports/countries/ID-indonesia.md
Source
Biography extracted from seabank-id.md. See matrix.md for standards-support matrix if present.