VietnamPlus 14 Jan, 2021 10:45 am

MoMo closes Series D financing round

MoMo, Vietnam’s biggest e-wallet firm, has finished its Series D financing round from leading global investors, announced the firm in Hanoi on January 13.

Without announcing the value of the deal, the firm revealed that together with existing shareholders Warburg Pincus, Affirma Capital, and Tybourne Capital Management, new investors in the round included Goodwater Capital, Kora Management and Macquarie Capital, adding the round was co-led by Goodwater, a Silicon Valley fund and Warburg Pincus.As MoMo’s largest shareholder, Warburg Pincus appreciated MoMo’s progress in the past few years since its initial investment.Jeffrey Perlman, Managing Director, Head of Southeast Asia of Warburg Pincus, said: "Momo has solidified itself as the clear market leader in digital payments in Vietnam and we believe this is only just the beginning for the platform.Vietnamplus Representatives of the Government and leaders of MoMo attend the announcement of the firm's Series D financing round in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - MoMo, Vietnam’s biggest e-wallet  firm, has finished its Series D financing round from leading global investors , announced the firm in Hanoi on January 13.

” “We are grateful and honoured to have the prestigious lineup of global investors to join this round of financing.Eric Kim, Co-Founder and Managing Partner of Goodwater Capital, said Goodwater partnered with MoMo because it trusted the firm’s leadership in bringing forth convenient and accessible financial services to the Vietnamese consumers.

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