Sea Limited opens new 10-floor HQ in Singapore for its fintech unit
Sea Limited has opened its new headquarters in Singapore for its digital financial services business today (May 8). The unit, which runs platforms including mobile wallets, payments processing and banking, was also rebranded from SeaMoney to Monee. Located at...
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Sea Limited has opened its new headquarters in Singapore for its digital financial services business today (May 8).
The unit, which runs platforms including mobile wallets, payments processing and banking, was also rebranded from SeaMoney to Monee.
Located at Rochester Commons, the new headquarters for Monee spans 10 floors and over 200,000 square feet, including an auditorium on the ninth floor of the building.
Sea Limited said that the facility will house Centres of Excellence focused on product management, artificial intelligence, and anti-money laundering—areas it sees as critical to the future of digital finance.
It will initially accommodate over 1,000 professionals, but has a capacity to accommodate up to 1,500 employees.
The office also features more than 100 meeting rooms and product innovation spaces, as well as a cafe and a gym with about 20 different types of fitness equipment.
Sea Limited was founded in May 2009 by Forrest Li, who serves as the company’s chairman and chief executive.
The tech giant operates three main lines of business: a gaming arm (Garena), an e-commerce arm (Shopee) and SeaMoney—now called Monee.
According to the company, the rebrand from SeaMoney to Monee marks “the next step” in the evolution of Sea’s digital financial services business.
The name Monee was chosen for its simplicity and ease of use across the markets it serves, while immediately connecting to the company’s purpose: to better the lives of consumers and small businesses through technology in every area related to money.
It also “echoes” sister brand Shopee.
Since its launch in 2014, the company claims that Monee has grown to become one of Southeast Asia’s largest digital financial platforms, serving users across Indonesia, Malaysia, the Philippines, Singapore, Thailand, Taiwan, Vietnam, and Brazil.
To further strengthen its regional footprint, Monee has also established a digital banking group under MariBank, building on its foundation as a licensed digital bank in Singapore.
This structure will support Monee’s ambition to broaden financial access and deliver trusted banking services across Southeast Asia, said the company.
Find out more about Monee here. Find out more about Sea Limited here.Featured Image Credit: Sea Limited
