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Sea’s MariBank introduces low-cost investment services despite other players pulling out

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The move by MariBank to launch Mari Invest  comes as Grab and MoneyOwl said they will exit the retail wealth management space.

The move by MariBank to launch Mari Invest comes as Grab and MoneyOwl said they will exit the retail wealth management space.

PHOTO: COURTESY OF MARIBANK

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SINGAPORE –

MariBank – the digital bank run by gaming and e-commerce group Sea

– is having a crack at providing low-cost investment services despite other players quitting the sector.

Its Mari Invest platform launched last month allows investors to access financial products with initial investments from as little as $1, with an instant cash-out feature if they want to redeem their investments later.

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