# SeaBank Indonesia (Monee)

> Source: https://docs.barcoder.ai/docs/wallets/seabank-id
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [SeaBank Indonesia — official](https://seabank.co.id/)

## 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** <sup>[1][1], [2][2], [Indonesia report](https://docs.barcoder.ai/docs/payments/ID)</sup>. **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** <sup>[1][1]</sup>.

**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** <sup>[3][3]</sup>.

**2025 — SeaBank Indonesia 13M+ customers + nearly $2B total assets + 15M users by year-end target** <sup>[1][1], [2][2]</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/shopeepay) (Sea Group Shopee mobile wallet across Southeast Asia) + [SeaBank Indonesia (Monee)](https://docs.barcoder.ai/docs/wallets/seabank-id) (Sea Group Indonesian digital bank) + [MariBank Singapore](https://docs.barcoder.ai/docs/wallets/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 (BCA)](https://docs.barcoder.ai/docs/wallets/bank-central-asia) (Bank Central Asia BCA Mobile; Indonesia's largest private bank by assets; IDX: BBCA; ~30M+ BCA Mobile users) + [Bank Mandiri (Livin' by Mandiri)](https://docs.barcoder.ai/docs/wallets/bank-mandiri) (Indonesia's largest state-owned bank by assets; IDX: BMRI; Livin' by Mandiri) + [Bank Rakyat Indonesia (BRI)](https://docs.barcoder.ai/docs/wallets/bank-rakyat-indonesia) (Bank Rakyat Indonesia BRImo; Indonesia's #2 state-owned bank by assets; IDX: BBRI; 38M+ BRImo users) + [BTN (Bank Tabungan Negara) / bale by BTN](https://docs.barcoder.ai/docs/wallets/btn-indonesia) (Bank Tabungan Negara; Indonesia's housing-focused state-owned bank; IDX: BBTN) + [Bank Jago](https://docs.barcoder.ai/docs/wallets/bank-jago) (Indonesian-listed technology-based bank; IDX: ARTO; 18.6M+ customers Q3 2025; GoTo + Gojek ecosystem strategic partner) + [Bank Aladin Syariah](https://docs.barcoder.ai/docs/wallets/bank-aladin) (Indonesian digital-based Syariah bank; IDX: BANK; Aladin Bank donations + zakat features) + [Bank Neo Commerce](https://docs.barcoder.ai/docs/wallets/neo-bank-indonesia) (BNC Bank Neo Commerce; Indonesian digital bank; IDX: BBYB) + [Allo Bank Indonesia](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/bank-jago) (Indonesian-listed technology-based bank rival; IDX: ARTO; 18.6M+ customers Q3 2025; GoTo + Gojek ecosystem strategic partner) | [Bank Central Asia (BCA)](https://docs.barcoder.ai/docs/wallets/bank-central-asia) (Bank Central Asia rival; Indonesia's largest private bank by assets) | [MariBank Singapore](https://docs.barcoder.ai/docs/wallets/maribank-sg) (MariBank Singapore rival; Sea Group Singapore digital bank) | [Bank Aladin Syariah](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://www.theasianbanker.com/updates-and-articles/seabank-indonesia-achieves-rapid-profitability-and-growth "SeaBank Indonesia achieves rapid profitability and growth — The Asian Banker"
[2]: https://thediplomat.com/2025/09/what-makes-digital-banks-in-southeast-asia-successful/ "What Makes Digital Banks in Southeast Asia Successful? — The Diplomat"
[3]: https://www.caproasia.com/2025/05/09/southeast-asia-86-billion-gaming-e-commerce-giant-sea-ltd-fintech-seamoney-launched-in-2014-rebrands-to-monee-which-includes-singapore-maribank-indonesia-seabank-current-loan-book-at-5-billion/ "Sea Ltd Fintech SeaMoney Rebrands to Monee Including Singapore MariBank & Indonesia SeaBank — Caproasia"
[id-cro]: https://docs.barcoder.ai/docs/payments/ID

- [1] [SeaBank Indonesia achieves rapid profitability and growth — The Asian Banker][1]
- [2] [What Makes Digital Banks in Southeast Asia Successful? — The Diplomat][2]
- [3] [Sea Ltd Fintech SeaMoney Rebrands to Monee Including Singapore MariBank & Indonesia SeaBank — Caproasia][3]
- <sup>[Indonesia report](https://docs.barcoder.ai/docs/payments/ID)</sup> In-corpus: `reports/countries/ID-indonesia.md`

## Source

Biography extracted from [seabank-id.md](https://docs.barcoder.ai/source/wallets/seabank-id). See `matrix.md` for standards-support matrix if present.