Financial services division shores up profitability for Sea Ltd in Q3

Financial services division shores up profitability for Sea Ltd in Q3

Photo credit: Sea Limited

Singapore’s Sea Ltd stayed in the black in the third quarter of 2024, after a profitable second quarter, as its digital financial services division, SeaMoney, bolstered overall profitability. The company was able to leverage the e-commerce division Shopee’s large user base for efficient credit growth and data acquisition to underwrite risk.

Edited by: Pramod Mathew

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