The Business Times
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Grab, Sea see loan books surge in Q2 as financial services drive growth

Grab’s loan portfolio jumps 197% year on year, while Sea’s Monee grows loans by 62.5% to hit US$11.1 billion

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Benjamin Cher

Benjamin Cher

Published Tue, Aug 18, 2026 · 11:57 AM
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    • Monee is emerging as a key driver of incremental profitability for Sea, and could match or surpass Shopee’s adjusted Ebitda contribution over the longer term, says CGS’ Jacquelyn Yow.
    • Monee is emerging as a key driver of incremental profitability for Sea, and could match or surpass Shopee’s adjusted Ebitda contribution over the longer term, says CGS’ Jacquelyn Yow. The Straits Times

    [SINGAPORE] Financial services is emerging as an increasingly important growth engine for South-east Asia tech giants Grab and Sea, with surging loan growth driving a bigger contribution to earnings in the second quarter.

    Grab’s gross loan portfolio jumped 197 per cent year on year to US$2.3 billion in Q2 from US$781 million.

    Part of this growth was due to the consolidation of Superbank within GrabFin, Grab’s financial services arm. However, without Superbank’s contribution, the gross loan portfolio still doubled year on year.

    GrabSea LtdGXS BankFinancial servicesFinancial results

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