Search Results for "Momo"

Vietnamese E-Wallet MoMo Joins Unicorn Club With US$200 Million Series E

Vietnamese e-wallet M-Service which operates under the MoMo brand announced it has raised US$200 million Series E in a funding round that was led by Mizuho Bank, a subsidiary of Mizuho Financial Group. With this latest fundraise, MoMo is now

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MoMo Eyes Super App Status With the Close of US$100 Million Funding Round

Vietnamese e-wallet MoMo announced that it had raised US$100 million during its Series D funding round co-led by Goodwater, a Sillicon Valley fund and Warburg Pincus, according to a report by Reuters. New investors include Goodwater Capital, Kora Management and

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Momo – The Rising Star of Vietnam Fintech in Online Payments

With one-quarter of the population aged under 25, Vietnam has a real potential for disruptive technology to gain mainstream attention. Launched in June 2014, MoMo, a service of M_Service, which works both as an e-wallet and a payment app, has

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Vietnam’s Mobile Payments App MoMo With 50% Transaction Volume Growth per Month

Mobile payments app MoMo is experiencing rapid growth and currently stands as the most downloaded application in the Apple Store Vietnam. According to Manh Tuong Nguyen, Vice President at M_Service, the company behind MoMo, the app has been seeing 30

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Vietnam’s Banking Execs Call for Open Banking Framework

In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution. Praising the opportunities brought about data sharing,

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Here Are Vietnam’s 8 Most Active Fintech Investors and The Startups They Are Betting On

2021 was a blockbuster year for Vietnamese fintech startups: established players gained traction on the back of rapid digital adoption due to COVID-19, and global investors poured millions into the sector to support the growth of promising ventures. Last year,

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BNPL Predicted to Be Singapore’s Fastest Growing Online Payment Method by 2025

In Singapore, alternative payment methods including buy now, pay later (BNPL) arrangements and digital wallets, are surging in popularity. By 2025, fintech software provider FIS projects that these payment methods will make up half of online payments, with BNPL forecasted

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Southeast Asia Fintech Opportunity Pushes Startup Valuations Further Up

Southeast Asia’s large population of unbanked and growing Internet penetration make it a hotbed for fintech innovation and an attractive market for e-wallets and neobanks. Despite currently lagging behind more developed markets like Australia, the US and the UK, the

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Top 10 Fintech Funding Mega Rounds in Asia Pacific in 2021 so Far

Fintech funding significantly picked up this year and is estimated to have reached US$15 billion in Q1’21, data from CB Insights show. In Asia, fintech investments are projected to surpass US$2.6 billion, the region’s highest quarterly total since Q1’20. Driving

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Insurtech Qoala Acquires Thai’s FairDee; Expands to Thailand

Qoala, an insurtech startup backed by the likes of Sequoia and MDI Ventures announced today the acquisition of FairDee, a Thai insurtech to expand their reach into the Thailand market. Since its 2018 launch, Qoala said that it now processes

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