Consumer Internet firm Sea flies solo in bid for full digibank licence

Singapore

CONSUMER Internet company Sea, formerly known as Garena, is the first to officially announce its solo bid for the digital full bank licence in Singapore, even as the New York-listed entity remains loss making.

In a statement released on Tuesday, Sea said it will focus on addressing the unmet needs of millennials and small and medium-sized enterprises (SMEs) in Singapore, which are said to be under-served segments of the market.