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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Công Ty Cổ Phần Dịch Vụ Di Động Trực Tuyến
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- 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.
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.
People of MoMo
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Multi-stage private equity investments are pursued across diverse sectors.
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Acquisitions and buyouts are targeted by the private equity firm.
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Investor details for MoMo
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MoMo
MoMo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pique AI.
Investment portfolio details for MoMo
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| 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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Locked | Locked | 2016 | Locked |
Complete acquisition details for MoMo
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- Transaction dates
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Financial Statements - MoMo
Detailed financials for MoMo
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- Profit trends
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Momo Comparisons
Peer comparison for MoMo
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- Named peers
- Headcount comparison
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Financial services platform for individuals
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Provider of a health insurance platform for global insurers
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Mobile app for secure money transfers, bill payments, and online shopping services.
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Provider of mobile payment application services
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Detailed competitors of MoMo
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Momo
Complete news archive for MoMo
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about MoMo
MoMo was founded in 2007 and raised its 1st funding round 6 years after it was founded.
MoMo is headquartered in Ho Chi Minh City, Vietnam.
MoMo is a funded company, having raised a total of $433.8M across 5 funding rounds to date.
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.
MoMo's top competitors include MoneyGram, Ascend Money and CarePay.
MoMo offers MoMo Wallet, Ví Trả Sau, Vay Nhanh, Chứng Khoán CV, and Bảo hiểm Ô tô.
MoMo has made 1 acquisition, including Pique AI.
MoMo has 11 investors. Key investors include Goldman Sachs, Standard Chartered, Macquarie Group, Mizuho Financial Group, and Affirma Capital.
The valuation of MoMo is $2B as of Dec 2021.