Sea’s MariBank Sees Strong Adoption of Investment Service, AUM Exceeds S$200Mby Fintech News Singapore February 8, 2024
MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and wholly-owned subsidiary of Sea, announced it has surpassed S$200 million in assets under management (AUM) through its investment service, Mari Invest.
Mari Invest offers access to a range of investment products, including the Lion-MariBank SavePlus fund, which is managed by Lion Global Investors, a Southeast Asian asset management firm.
According to MariBank, more than one-third of Mari Savings Account holders have tried out Mari Invest. Most users have reportedly increased the assets they choose to place with MariBank after exploring the investment offering.
“Our customers resonate with Mari Invest’s simplicity and transparency, especially how it lowers traditional barriers to investing. This includes the ease of withdrawal that Mari Invest provides.
We’re excited about this milestone and we look forward to bringing more rewarding experiences to our customers, and strengthening our collaboration with Lion Global Investors,”
The AUM figure represents the total market value of investments managed for the Lion-MariBank SavePlus fund which is available exclusively through Mari Invest.