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MoMo Eyes $2B+ Valuation in Investor Talks
7 Apr
Summary
- Vietnamese fintech firm MoMo is exploring options to attract new investors.
- The company, profitable since 2024, could achieve a valuation over $2 billion.
- MoMo is a financial services super app serving over 30 million users.
Vietnamese fintech firm MoMo is reportedly exploring strategic options, including the potential to secure new investors. These discussions could lead to a company valuation exceeding $2 billion.
Sources indicate that MoMo, which achieved profitability in 2024, has appointed Jefferies and Morgan Stanley to manage the process. The fintech's interest stems from significant investor enthusiasm for Vietnam's rapidly growing digital financial services market.
MoMo has evolved since its founding in 2010 into a comprehensive financial services 'super app.' It offers a wide array of services including payments, lending, insurance, and investment tools to its more than 30 million users across Vietnam.
This exploration for new investment follows MoMo's last major fundraising round in 2021, which garnered $200 million. While an initial public offering was previously targeted for 2025, it is not currently on the immediate agenda, according to sources.
