MoMo (M_Service) Secures $10 Million in Series A Funding to Expand Reach and Innovation

In an exciting development for the FinTech landscape, MoMo (M_Service), a trailblazer in Vietnam's digital payments space, has successfully raised $10 million in its latest funding round. This announcement comes as no surprise to many, given MoMo's impressive trajectory since its inception in 2007. Currently, MoMo boasts over 31 million active users and has partnered with more than 50,000 businesses, establishing a robust ecosystem that encompasses 140,000 payment acceptance points across the nation. The funds raised will be directed towards strengthening its technological infrastructure and expanding its service offerings, with a focus on enhancing user experience and accessibility for both individuals and businesses. MoMo's commitment to democratizing financial services in Vietnam aligns perfectly with its corporate vision of providing equal opportunities for all citizens to access a wide array of financial products and services. Recognized as one of Vietnam's top workplaces in 2023, with nearly 2,000 dedicated employees, MoMo continues to set the standard for innovation and excellence in the region’s FinTech realm. With this new funding, the company aims to solidify its position as the go-to super app for everyday activities, empowering millions more users to seamlessly manage their finances anytime and anywhere. As MoMo embarks on this new chapter, the company is poised not only to enhance its existing functionalities but also to explore emerging technologies, driving financial inclusion and pushing the boundaries of what a super app can achieve in today's digital world.