Singapore’s Sea Ltd has increased its investment in MariBank with a S$75 million capital injection, lifting the digital bank’s paid-up capital to about US$639 million.
The funding was disclosed in regulatory filings and first reported by DealStreetAsia.
The top-up comes after another shareholder injection in May 2025, when Sea added about US$78 million to MariBank’s capital base as the lender continued to expand its operations.
Singapore’s digital banks are required to raise capital progressively as they grow under the Monetary Authority of Singapore’s licensing framework.
The latest funding comes as digital lenders across the region place greater emphasis on improving profitability and strengthening customer engagement, following an initial phase of rapid deposit growth.
MariBank has broadened its business beyond core savings and payments, moving into areas such as small and medium-sized enterprise lending and gold-linked investment products.
These offerings are intended to deepen usage across its customer base and support more sustainable economics.
Financial disclosures show that MariBank’s revenue increased sharply in 2024, even as costs remained elevated.
Total income rose to S$24.4 million from S$10.1 million a year earlier, supported by higher interest-related income as lending activity expanded.
Operating expenses climbed to S$71.4 million from S$62 million as the bank continued to build out its operations.
After setting aside S$4.4 million for expected credit losses, MariBank recorded a loss after tax of S$51.3 million for the year, compared with S$52.2 million in 2023.
The bank reported a total comprehensive loss of S$51 million for 2024, little changed from the previous year.
Speaking at DealStreetAsia’s Asia PE-VC Summit 2025 in Singapore, MariBank’s Chief Financial Officer said the bank measures performance by how frequently customers use its services rather than by transaction volumes alone, as it works towards long-term sustainability.
MariBank launched in March 2023 and has since introduced features such as fee-free remittances, savings accounts with daily interest crediting, and investment products that allow instant withdrawals.
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
