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Mizuho Bank led a $200m Series E round in MoMo.

Synopsis

Mizuho Bank, a global bank with one of the largest customer bases in Japan, led a $200m Series E round in MoMo, the biggest e-wallet firm in Vietnam, with participation from Ward Ferry, Goodwater Capital and Kora. M-Service said it will use the capital to strengthen its super-app position by providing financial services to 31m existing customers, expanding its market by providing digital transformation solutions for millions of micro, small and medium sized enterprises in Vietnam.

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