Vietnam's Digital Wallet MoMo Acquires $100 Million in Capit

Vietnam's Digital Wallet MoMo Acquires $100 Million in Capital via Series D Round led by Goodwater, Warburg Fincus


Vietnam’s digital wallet provider
MoMo reveals that it has secured $100 million in capital via its Series D funding round, which was co-led by Goodwater, a Silicon Valley-based fund, and Warburg Pincus.
New investors also made contributions to MoMo’s investment round, including Kora Management and Macquarie Capital, and other existing investors such as Affirma Capital and Tybourne Capital Management took part in the round as well.
The funds raised will be used to create a new
super app service, improve MoMo’s ecosystem for merchants and Vietnamese consumers, and establish MoMo Innovation Ventures, a project for making strategic investments in Vietnam-based firms with the potential to be integrated into MoMo’s evolving ecosystem.

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