About MoMo
MoMo is a company based in Ho Chi Minh City (Vietnam) founded in 2007. It operates as a FinTech, SaaS (Software-as-a-Service), and Commission-Based. MoMo has raised $433.8 million across 5 funding rounds from investors including Goldman Sachs, Standard Chartered and Macquarie Group. MoMo has completed 1 acquisition, including Pique AI. MoMo offers products and services including MoMo Wallet, Ví Trả Sau, Vay Nhanh, Chứng Khoán CV, and Bảo hiểm Ô tô. MoMo operates in a competitive market with competitors including MoneyGram, Ascend Money, CarePay, Zalo Pay and Moca, among others.
- Headquarter Ho Chi Minh City, Vietnam
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Công Ty Cổ Phần Dịch Vụ Di Động Trực Tuyến
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$433.8 M (USD)
in 5 rounds
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Latest Funding Round
$200 M (USD), Series E
Dec 21, 2021
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Investors
Goldman Sachs
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of MoMo
MoMo offers a comprehensive portfolio of products and services, including MoMo Wallet, Ví Trả Sau, Vay Nhanh, Chứng Khoán CV, and Bảo hiểm Ô tô. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital wallet for payments and money transfers.
Postpaid wallet for flexible payment options offered.
Quick loan service with fast online approval.
Stock investment platform integrated within MoMo app.
Car insurance with competitive rates and coverage.
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Data Analysis and Operations Team
37 people
Software Development Team
22 people
Senior Team
15 people
Product Management Team
6 people
Leadership Team
6 people
Mobile Team
6 people
Java Team
4 people
Finance and Accounting
4 people
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Funding Insights of MoMo
MoMo has successfully raised a total of $433.8M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $200 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $200.0M
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First Round
First Round
(01 Jan 2013)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Series E - MoMo | Valuation | Mizuho Financial Group | |
| Jan, 2021 | Amount | Series D - MoMo | Valuation | Warburg Pincus , Goodwater Capital | |
| Jan, 2019 | Amount | Series C - MoMo | Valuation | Warburg Pincus |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MoMo
MoMo has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Standard Chartered and Macquarie Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Acquisitions and buyouts are targeted by the private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MoMo
MoMo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pique AI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based marketing solutions are provided to online retailers for personalization.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MoMo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Momo Comparisons
Competitors of MoMo
MoMo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Ascend Money, CarePay, Zalo Pay and Moca, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Financial services platform for individuals
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Mobile app for secure money transfers, bill payments, and online shopping services.
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| domain | founded_year | HQ Location |
Provider of mobile payment application services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Momo
Frequently Asked Questions about MoMo
When was MoMo founded?
MoMo was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is MoMo located?
MoMo is headquartered in Ho Chi Minh City, Vietnam.
Is MoMo a funded company?
MoMo is a funded company, having raised a total of $433.8M across 5 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Jan 01, 2013.
What does MoMo do?
MoMo is established as a prominent fintech platform in Vietnam, offering a wide range of financial services through its mobile application. Various sectors such as digital payments, personal finance management, insurance, and investment are covered by its solutions. Services including bill payments, money transfers, quick loans, postpaid wallets, and stock investments are provided to users. Additionally, features like AI-driven financial assistance, group funding, and travel bookings are integrated to enhance user experience. Partnerships with banks and financial institutions are maintained to ensure security and expand service offerings.
Who are the top competitors of MoMo?
MoMo's top competitors include MoneyGram, Ascend Money and CarePay.
What products or services does MoMo offer?
MoMo offers MoMo Wallet, Ví Trả Sau, Vay Nhanh, Chứng Khoán CV, and Bảo hiểm Ô tô.
How many acquisitions has MoMo made?
MoMo has made 1 acquisition, including Pique AI.
Who are MoMo's investors?
MoMo has 11 investors. Key investors include Goldman Sachs, Standard Chartered, Macquarie Group, Mizuho Financial Group, and Affirma Capital.
What is MoMo's valuation?
The valuation of MoMo is $2B as of Dec 2021.
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