Announced
Completed
Financials
Sources
Tags
Payments / Commerce
Acquisition
Private
Cross Border
Single Bidder
Private Equity
payment solutions
Completed
Minority
Friendly
Vietnam
fintech
Synopsis
Warburg Pincus and Goodwater Capital led a $100m Series D round in MoMo, Vietnam’s top payment app, with participation from Kora Management, Macquarie, Affirma Capital and Tybourne Capital Management. According to MoMo, 25% of the new funding will be used to support tech startups in Vietnam through MoMo Innovation Ventures, the company’s new fund. The capital raise is also a much-needed boost for MoMo to continue its fight in a brutal fintech war in the country, where 39 e-wallet providers are battling it out to dominate a market that encompasses nearly 100m people.
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