MoMo

Business focus

Finance, Insurance & Fintech

Description

MoMo (M_Service), founded in Vietnam in 2007, evolved from a SIM-card money-transfer tool into the country's leading e-wallet super-app after its 2014 smartphone relaunch. Backed by Warburg Pincus, Standard Chartered and Goodwater Capital, it raised $200 million in a December 2021 Series E led by Mizuho Bank, pushing valuation past $2 billion — Vietnam's fourth unicorn. MoMo now serves over 40 million users, holding roughly 56% of the market.