Singapore tech giant Sea plans IPO for financial services arm Monee, memo says

The memo said the tech group would also launch an AI-first enterprise platform named Sea Cloud.

The front office of Sea’s Digital Finance Headquarters on May 8, 2025. (Photo: CNA/Syamil Sapari)

SINGAPORE: Singapore-headquartered tech conglomerate Sea Limited is planning a public listing for its financial services arm Monee and will also launch an AI enterprise platform business, according to an internal memo sent on Tuesday (Oct 20).

Founder Forrest Li, in a memo to employees that was reviewed by Reuters, said he believed going public would give its financial payments and services business the "resources and the room to go further and faster than it can today”.

The business operates in Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, Taiwan, and Brazil and offers mobile wallets, payments processing, credit and banking services.

Sea did not immediately respond to a request for comment.

In the memo, which was sent on the ninth anniversary of the group’s public listing in New York, Lee said the quarterly revenue for the group had grown more than 80 times over that period to US$7.8 billion.

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备忘录称，该科技集团还将推出一个名为“海洋云”（Sea Cloud）的以人工智能为核心的企业平台。

2025年5月8日，Sea数字金融总部的前台。（图片：CNA/Syamil Sapari）

新加坡：据周二（10 月 20 日）发送的一份内部备忘录显示，总部位于新加坡的科技集团 Sea Limited 计划将其金融服务部门 Monee 上市，并将推出人工智能企业平台业务。

创始人李福林在一份路透社审阅的致员工备忘录中表示，他相信上市将为公司的金融支付和服务业务提供“资源和空间，使其发展得比现在更快更远”。

该公司在新加坡、印度尼西亚、马来西亚、泰国、越南、菲律宾、台湾和巴西开展业务，提供移动钱包、支付处理、信贷和银行服务。

Sea公司尚未对此事作出回应。

在集团于纽约上市九周年之际发出的这份备忘录中，李表示，该集团的季度收入在此期间增长了 80 多倍，达到 78 亿美元。

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