What is MoMo?
MoMo operates as the largest e-wallet and mobile payment pioneer in Vietnam, dedicated to providing equitable access to financial services. The platform serves over 14 million registered users, facilitating a comprehensive suite of transactions ranging from bill payments and mobile recharges to e-commerce purchases and personal loan settlements. With an expansive network of over 100,000 acceptance points, MoMo has successfully integrated itself into the daily lives of Vietnamese consumers, positioning itself as a central hub for digital commerce and financial management. Its technological infrastructure, compatible with both iOS and Android, serves as a foundational layer for the country's digital economy, enabling seamless money transfers and service access across multiple sectors such as entertainment, insurance, and transportation.
How much funding has MoMo raised?
MoMo has raised a total of $361.8M across 5 funding rounds:
Series A
$5.8M
Private Equity
$28M
Series B
$28M
Series D
$100M
Series E
$200M
Series A (2013): $5.8M with participation from Goldman Sachs
Private Equity (2016): $28M led by Goldman Sachs
Series B (2016): $28M supported by Goldman Sachs and Standard Chartered
Series D (2021): $100M featuring Warburg Pincus LLC, Kora Management Ltd, Macquarie Group Limited, and Goodwater Ltd
Series E (2021): $200M backed by Mizuho
Key Investors in MoMo
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations and institutional clients.
Warburg Pincus LLC
Warburg Pincus LLC is a leading global private equity firm renowned for its expertise in growth investing and supporting management teams in building long-term, sustainable success.
Macquarie Group Limited
Macquarie is a global financial services group providing a comprehensive range of services including asset management, wealth management, and specialized capital raising.
What's next for MoMo?
With the successful closure of its latest funding round, MoMo is strategically positioned to accelerate its product innovation and market penetration. The company is expected to focus on deepening its financial services portfolio, potentially expanding into advanced wealth management and insurance products to further enhance user lifetime value. Furthermore, the capital will likely be deployed to strengthen its technological moat, ensuring the platform remains resilient against emerging competitive pressures in the regional fintech sector. As MoMo continues to scale, its focus will remain on enhancing the interoperability of its payment ecosystem, thereby reinforcing its status as the primary digital gateway for the Vietnamese population and a key player in the broader Southeast Asian digital transformation.
See full MoMo company page
