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SE Asia Digest: MoMo acquihires Pique, Achmad Zaky Foundation launches edtech incubator


SE Asia Digest: MoMo acquihires Pique, Achmad Zaky Foundation launches edtech incubator
June 30, 2021
MoMo, an e-payment firm headquartered in Vietnam, has acquihired AI company Pique to boost its AI capability. In a separate development, Achmad Zaky Foundation run by Bukalapak founder Achmad Zaky has launched an edtech incubator.
Vietnam’s MoMo acquihires AI startup Pique
Vietnamese e-payment major MoMo has acquihired VC-backed artificial intelligence (AI) startup Pique, formerly NextSmarty, to enhance what it calls an “AI first” strategy.
This marks the first transaction of MoMo Innovation Ventures, which the Warburg Pincus-backed payment super-app launched earlier this year.
MoMo acquired all of Pique’s intellectual property, and hired its data science and engineering team, including Pique’s founder, Trinh Xuan Tuan. ....

Republic Of , South Korea , South Korean , Achmad Zaky , Warburg Pincus , Trinh Xuan Tuan , Nguyen Manh Tuong , Nugroho Herucahyono , Ministry Of Education , Achmad Zaky Foundation , Momo Innovation Ventures , Warburg Pincus Backed , Trinh Xuan , Manh Tuong , Tri Hung , Silicon Valley , Goodwater Capital , Zaky Foundation , Seriesa Stage , குடியரசு ஆஃப் , தெற்கு கொரியா , தெற்கு கொரியன் , வார்பர்க் பிங்கஸ் , அமைச்சகம் ஆஃப் கல்வி , மோமோ கண்டுபிடிப்பு முயற்சிகள் , ட்ரிந் வைவாந் ,

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. ....

Republic Of , Warburg Pincus , Nguyen Manh Tuong , Silicon Valley Based , Kora Management , Macquarie Capital , Affirma Capital , Tybourne Capital Management , Momo Innovation Ventures , Manh Tuong , Executive Vice Chairman , குடியரசு ஆஃப் , வார்பர்க் பிங்கஸ் , சிலிக்கான் பள்ளத்தாக்கு அடிப்படையிலானது , கோரா மேலாண்மை , மக்வரீ மூலதனம் , மோமோ கண்டுபிடிப்பு முயற்சிகள் , நிர்வாகி துணை தலைவர் ,