Sea Group’s MariBank crosses $149m AUM for investment account

Photo credit: Sea Group

MariBank, Sea Group’s Singapore-based digibank subsidiary, has crossed S$200 million (US$149 million) in assets under management (AUM) for Mari Invest, its investment account offering.

Mari Invest lets customers access investment products like the Lion-MariBank SavePlus Fund, which comprises of MAS Bills and bond funds. That product is managed by Lion Global Investors – a Great Eastern subsidiary and a member of OCBC Group – and is distributed exclusively through Mari Invest.

The AUM refers to the total market value of investments under the Lion-MariBank SavePlus Fund.

“Our customers resonate with Mari Invest’s simplicity and transparency, especially how it lowers traditional barriers to investing,” the digibank said in a LinkedIn post. “This includes the ease of withdrawal that Mari Invest provides.”

Over one-third of MariBank’s savings account holders have tried out Mari Invest, the bank added.

MariBank, which launched its services in March last year on an invite-only basis, is Singapore’s third digital-native bank. It offers personal savings accounts, business accounts, and business loan products.

Last July, parent Sea Group – which also operates SeaBank in Indonesia – injected US$172.5 million into MariBank.

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