Potential buyers are reviewing a stake of up to 50% in Vietnam’s MoMo, in a deal that could reshape the fintech company’s investor base, according to DealStreetAsia.
Blackstone and MUFG are among five investors looking at MoMo, DealStreetAsia reported, citing people familiar with the matter.
Morgan Stanley and Jefferies are advising on the process, according to the report.
The talks remain at the due diligence stage, and a deal may still not materialise.
If completed, the transaction could give some long-time backers a chance to cash out part of their holdings.
MoMo’s reported investors include Warburg Pincus and Goodwater Capital, which co-led its Series D round in 2021.
Other backers include Kora Management, Tybourne Capital Management, Affirma Capital, Macquarie Capital, Mizuho Bank and Goldman Sachs.
Warburg Pincus held 26% of MoMo, while Augusta Investments I Pte Ltd owned more than 13%. Mizuho Bank, which joined through the company’s Series E round, held 7.3% by the end of 2025.
Deal Talks Follow MoMo’s Profit Turnaround
MoMo raised US$200 million in 2021 from investors led by Mizuho Bank, lifting its valuation above US$2 billion.
The company started as an e-wallet and has since expanded into a broader financial app covering payments, investment, insurance and money management.
It serves more than 30 million users and has been repositioning itself around AI-powered financial tools.
DealStreetAsia previously reported that MoMo moved into full-year profitability in 2024, with net profit of 347.5 billion dong, or about US$13.4 million.
The company had recorded a loss a year earlier and remained profitable in 2025, according to a document seen by the publication.
Blackstone, MoMo and Warburg Pincus declined to comment to DealStreetAsia, while MUFG did not respond to its request for comment.
Featured image: Edited by Fintech News Singapore, based on image by riggle0611 via Magnific
