Vietnamese startups Vimo, MPOS to merge & rebrand as NextPay, raise $30m

Photo by Jonas Leupe on Unsplash

In what seems to be a significant merger, two Hanoi-based payment startups Vimo Technology JSC and Vietnam mPOS Technology JSC are combining their businesses under one entity NextPay Holdings.

Vietnam mPOS Technology CEO Nguyen Huu Tuat is set to take over as the chief executive of the combined entity, while Nguyen Hoa Binh, who founded the two startups, will be the chairman. Vimo CEO Do Cong Dien will take over as NextPay COO.

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