Vietnam’s MoMo is considering whether to bring in new investors, with Reuters reporting that preliminary discussions could value the company at more than US$2 billion.

The talks are still at an early stage and there is no certainty that they will lead to a deal.

The fintech has hired Jefferies and Morgan Stanley to help manage the process after attracting interest from strategic and financial investors.

MoMo and Morgan Stanley did not immediately respond to requests for comment, while Jefferies declined to comment.

Launched in 2010, MoMo has expanded from mobile payments into a broader financial services platform that includes consumer lending, insurance, savings, investment products and merchant services.

The company has been profitable since 2024 and says it serves more than 30 million users in Vietnam.

An initial public offering is not currently on the near-term agenda, even though earlier reports said MoMo was targeting a listing by 2025.

The company last raised major funding in 2021, when it said it secured US$200 million from investors led by Mizuho Bank.

Featured image: Edited by Fintech News Singapore, based on image by Freepik