Warburg Pincus-backed Vietnamese digital payments app MoMo could soon transform into a retail bank-like business, following its $200 million Series E fundraising led by Japan’s Mizuho Bank in December last year. It is also adding more services that will help it to reposition itself as a superapp.
The Series E funding, which made MoMo a unicorn, marked a rare milestone in the collaboration between a bank and a Vietnamese fintech player.
