January 13

MOMO Secures Series D to Become Vietnam’s Next Super-App; Plans to Launch New Startup Fund

By Shagun Karki

According to a recent report, Momo was Vietnam’s most-downloaded e-wallet app in 2018, and it currently has over 10M users.

Vietnam-based payments app Momo has raised an undisclosed amount in Series D financing, says a DealStreetAsia report.

The round was co-led by Warburg Princus, which had led Momo’s Series C round in 2019, and Silicon Valley-based VC firm Goodwater Capital.

They were joined by new backers Kora Management and Macquarie Capital, as well as existing shareholders Affirma Capital and Tybourne Capital Management.

Photo courtesy of truk

Source: e27 (link opens in a new window)

digital payments, startups