Vietnam e-wallet MoMo said to be raising about $200m in new funding

Vietnam-based M_Services, which runs the country’s largest e-wallet MoMo, is closing a new funding round of about $200 million, according to people privy to the matter.

Japanese lender Mizuho Bank and a Hong Kong-registered fund named WFM Investments are participating as new investors while existing backers Goodwater Capital and Kora Management have also joined the round, sources said.

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