Vietnam's Fintech Company MoMo Lands $200M Series E

​Fazzaco learned that MoMo, a fintech company based in Vietnam, has landed $200 million in its Series E, led by Mizuho with participation from Ward Ferry, Goodwater Capital and Kora Management.

As detailed in the official press release,  the company will utilise the new capital to expand its suite of financial products for its 31 million existing customers. Additionally, the company intends to develop digital-first solutions for SMEs and micro-enterprises in Vietnam and also plans to roll out its services to those in more rural areas as well as smaller cities across the country.

According to the fintech, these investments will align with the Vietnamese government's national agenda on creating a digital economy in the Southeast Asian nation.

MoMo vice chairman and co-CEO Nguyen Manh Tuong says the investment underscores the support for MoMo's mission, "which is to use technology to improve the quality of Vietnamese people's lives, to help people access financial and essential services and other essentials of life in a simple, convenient and low-cost way"