Sea news and trends

Shopee Acquires Blu’s Local Credit Arm, Grows Presence in Brazil
eCommerce // December 18, 2023

Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which has received preliminary approval from Brazil’s antitrust regulator CADE, will enable Shopee to offer credit...

Singapore Tech Startup Sea Buys Indonesian Bank BKE
Partnerships / Acquisitions // January 13, 2021

Singapore tech startup Sea has acquired Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE) for an undisclosed amount, Bloomberg reported on Wednesday (Jan. 13), citing unnamed sources. Sea, Southeast Asia’s biggest tech startup, now fully controls the Jarkata bank after buying stakes via its subsidiary Turbo...

FBI Hot On Syrian Money Laundering Trail
Security & Fraud // March 23, 2016

The Justice Department said on Tuesday (March 22) that it has charged three Syrian nationals — each of them identified as being members (current or former) of the Syrian Electronic Army (SEA) — with counts of hacking and conspiracy. There are two criminal complaints that have been unsealed...

Quick Reads
Shopee Acquires Blu’s Local Credit Arm, Grows Presence in Brazil

December 18, 2023
Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which has received preliminary approval from Brazil’s antitrust regulator CADE, will enable Shopee to offer credit directly to customers in the country, Reuters reported Monday (Dec. 18). […]

Singapore Tech Startup Sea Buys Indonesian Bank BKE

January 13, 2021
Singapore tech startup Sea has acquired Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE) for an undisclosed amount, Bloomberg reported on Wednesday (Jan. 13), citing unnamed sources. Sea, Southeast Asia’s biggest...

FBI Hot On Syrian Money Laundering Trail

March 23, 2016
The Justice Department said on Tuesday (March 22) that it has charged three Syrian nationals — each of them identified as being members (current or former) of the Syrian Electronic Army...