MoMo m-wallet platform secures USD 28 mln in funding

Friday 18 March 2016 | 04:14 CET | News
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M_Service, the operator of mobile e-wallet MoMo, has received an investment of USD 28 million from Standard Chartered Private Equity (SCPE) and the global investment banking firm Goldman Sachs, VietnamNet reports. SCPE invested USD 25 million, while Goldman Sachs contributed an additional USD 3 million, on top of its initial USD 5.75 million investment in 2013.

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Categories: Mobile & Wireless
Countries: Vietnam
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