In brief: Warburg Pincus backs Vietnamese fintech firm in $100m series C funding

Vietnamese fintech firm Momo announced it has received investment in a series C round led by Warburg Pincus. The undisclosed funding will be used to expand its footprint and realize its ambition of developing millions of payment points throughout the country. Momo reports it now serves nearly 10 million users and was the country’s most downloaded e-wallet app in 2018.

According to DealStreetAsia, the funding round is worth $100 million.

Source: Vietnam Economic Times