M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion
December 22, 2021 | 14:00
M-Service JSC, the parent firm of MoMo, has just become the country's latest unicorn with a valuation of more than $2 billion in its Series E round.
MoMo bags $200 million in Series E fundraising round
December 21, 2021 | 11:16
MoMo raised about $200 million in equity financing from leading global investors including in its Series E fundraising round.
Mizuho Bank to invest $170 million and acquire 7.5 per cent stake in M-Service
December 10, 2021 | 19:03
Japanese megabank Mizuho Bank is reported to invest around $170 million to acquire a 7.5 per cent stake in M-Service, the company behind e-wallet MoMo.
Consumer finance in major tie-up tendency
August 19, 2021 | 10:00
The pandemic-triggered turbulence continues to gnaw at the consumer finance industry in Vietnam, but some players are exploring potential new approaches to the challenges, particularly from some international investors.
Incredible potential in reach for fintech
August 13, 2021 | 08:00
Fuelled by generous amounts of venture capital, Vietnam’s fintech landscape is flying high on Singaporean investors’ agenda, promising to offer more innovative customer value propositions than traditional banks.
Top insurance businesses adopting digital systems
August 05, 2021 | 09:00
As consumers now demand greater customer services, major foreign insurance companies operating in Vietnam are embracing digital channels as they believe seamless and enhanced experiences across multiple access channels are indispensable to success.
Vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025
July 15, 2021 | 17:04
Vietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025.
MoMo acquires AI company Pique AI
June 30, 2021 | 11:56
MoMo acquired all intellectual property rights of Pique AI, a company providing AI solutions to personalise customer experience for digital businesses.
E-wallet groups take on losses to get ahead
May 25, 2021 | 21:16
Despite offering more payment options and benefits like promotions to customers – which make e-wallets an attractive alternative to traditional payment methods – many of the present players are facing heavy losses in Vietnam.
Initiative protecting digital SME assets
May 05, 2021 | 14:00
Vietnam’s small- and medium-sized enterprises have been advised on and connected to assistance programmes and solutions to accelerate tech application in developing and protecting digital assets and product traceability through a United States Agency for International Development initiative.
Mobile money attempts to topple classic banking
March 26, 2021 | 08:00
The newly-launched mobile money pilot programme is expected to heat up competition for domestic players but also open collaboration opportunities to cash in on the niche market.
Startups expand with fresh funding and portfolios
March 05, 2021 | 09:00
Despite the global recession, Vietnamese startups have still been attracting millions of US dollars from foreign funds in the beginning of 2021.
E-wallets' promotion programmes see less appetising
February 02, 2021 | 01:21
Luring in e-wallet users by plentiful promotion activities seems to be less attractive as the payment method still occupies for a small proportion.
Patience needed for startup success
January 20, 2021 | 14:12
Under pandemic-induced restrictions, capital for startups has been tightened as investment funds struggle with adversity.
MoMo announced its completion of Series D funding round
January 13, 2021 | 17:23
MoMo held a successful Series D capital mobilisation, with Goodwater Capital, Kora Management, and Macquarie Capital among the largest names.
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