Singapore-based Sea Ltd plans to list its financial services arm Monee and launch an AI-first enterprise platform called Sea Cloud, according to an internal memo founder Forrest Li sent on October 20.

Monee is Sea’s rebranded SeaMoney unit, not a new business. The unit offers mobile wallets, payment processing, credit, and banking services in Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, Taiwan, and Brazil.

Li said a public listing would give Monee more resources and room to grow. He also said Sea’s quarterly revenue had increased more than 80x to US$7.8 billion since the company’s New York listing nine years earlier.

🔗 Source: Reuters

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