Singapore is emerging as a force in a different kind of sport: mobile and video games.

“Our world-class events and digital infrastructure have also made Singapore an attractive location for the industry to hold gaming and esports events here,” the Singapore Tourism Board and Enterprise Singapore said in a statement to Bloomberg. “The government will continue to support companies as they push boundaries through experimenting with new and immersive content formats and business models, as well as level up the quality of our local talent to become leading creators of world class content.”

Singapore-based tech firm Sea Limited operates SeaMoney, a digital financial solution that offers digital wallets, consumer and cash loans, and payment processing services available in Southeast Asia and Taiwan. Among products under SeaMoney are ShopeePay, AirPay, SPayLater, and SPinjam. Sea Limited is ranked seventh on the list of 10 best cash app stocks to invest in.

SeaMoney's mobile wallet total payment volume surpassed $3.4 billion in the first quarter of 2021, more than triple compared to the same quarter in 2020. Sea Limited's quarterly paying users for its mobile wallet services crossed 26.1 million. The company's first-quarter revenue came in at $1.8 billion, an increase of 146.7% year over year.

Sea Limited was given a Buy rating and a $325 price target by New Street analyst Jin Yoon on June 25. Shares of Sea Limited (NYSE: SE) jumped 6% in the last month.

At the end of the first quarter of 2021, 98 hedge funds in the database of Insider Monkey held stakes worth $10.4 billion in Sea Limited. Just like Alphabet Inc. $Alphabet(GOOG)$ , Apple Inc.$Apple(AAPL)$ , PayPal Holdings, Inc. $PayPal(PYPL)$ and Square, Inc. $Square(SQ)$ , Sea Limited$Sea Ltd(SE)$ is a good cash app stock to invest in according to market analysts.