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MoMo company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
momo.vn

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Founded Year

2013

Stage

Series D | Alive

Total Raised

$233.7M

Last Raised

$100M | 8 mos ago

Revenue

$0000 

About MoMo

MoMo, operated by M_Service, is an e-wallet application on mobile phones and can be replaced for cash in some types of payments such as money transfer, game topup, mobile topup, bill payment anytime, anywhere. The platform is a safe, simple, convenient and low cost method of payment.

MoMo Headquarter Location

Floor M, Petroland Building 12 Tan Trao, Tan Phu Ward, District 7

Ho Chi Minh City,

Vietnam

+84 8 5414 7667

Latest MoMo News

MTN, Flutterwave enter new mobile money partnership

Sep 15, 2021

MTN has partnered with payments technology company Flutterwave to enable Flutterwave business customers to use MTN Mobile Money (MoMo) as a payment method across its markets of operation. This means that businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia will be able to receive payments through MoMo, which provides consumers and businesses with an electronic wallet, enabling electronic transfers and payments, as well as access to digital and financial services. The new mobile money partnership is expected to increase mobile money use and penetration in Africa to improve local economies and livelihoods and create opportunities for individuals and businesses across the continent. Currently, Africa is experiencing an explosion in mobile penetration as smartphone adoption rises rapidly. By 2025, it is forecast that the number of unique mobile subscribers in Africa will reach the 500-million with subscriber penetration rising to 50%. Sub-Saharan Africa alone is responsible for more than 45% of the world’s mobile money accounts with the number of account holders exceeding half a billion by 2020. The new partnership will further expand on Flutterwave’s previous collaboration with MTN, beyond Uganda and Rwanda, with the potential of deepening adoption of digital payments and e-commerce in Africa within a sector that is expected to reach $29-billion by 2022.

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Research containing MoMo

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned MoMo in 2 CB Insights research briefs, most recently on Feb 11, 2021.

Expert Collections containing MoMo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MoMo is included in 6 Expert Collections, including Fintech 250.

F

Fintech 250

248 items

P

Payments

1,486 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

10,750 items

Excludes US-based companies

F

Fintech 250 (2020)

250 items

250 of the top fintech companies transforming financial services

D

Digital Wallets & Mobile Payments In Asia

199 items

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