MOMO

paymentsmobile/digital wallet

FOUNDING YEAR: 2013
LOCATION: Viet Nam
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Momo offers a digital wallet that enables users to make online payments or transfer money to others. It further enables users to make bill and utility payments by partnering with pther banks and payment service providers.

Focus

PRODUCTS & SERVICES

E-wallet and payment platform for remittance, pay bills.

MAIN CLIENTS

Partnered with 24 local banks & retail stores.

Traction

ACTIVE USERS:

2500000 Million in 2016

ACTIVE USERS COMMENT:

Currently, the company has 2.5 million active users and targets 7 million users for next three years(March 2016).

People

FOUNDERS

Duc Pham Thanh

Hung Thai

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Goldman Sachs

Goldman Sachs Investment Partners

Standard Chartered Bank

Warburg Pincus

KEY EMPLOYEES:

Pham Duc(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$133.75 M

DATE OF LAST FUNDING

Jan 2019

FUNDING SERIES

SERIES A  · $5.75 M  · Jan 2013

SERIES B  · $28 M  · Mar 2016

SERIES C  · $100 M  · Jan 2019

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp