Tech Company Financing Transactions
Momo Funding Round
Standard Chartered Private Equity and Goldman Sachs participated in a $28 million venture round for Momo. The round was announced by the company on 3/18/2016.
Transaction Overview
Company Name
Announced On
3/18/2016
Transaction Type
Venture Equity
Amount
$28,000,000
Round
Undisclosed
Investors
Standard Chartered Private Equity (Lead Investor)
Proceeds Purpose
With this new funding, Momo plans to grow its banking network to 11,000 agents by the end of 2017, and work on increasing the retail and merchant partners on its payment platform.
Company Information
Company Status
Private & Independent
Industry
Mobile
Mailing Address
Undisclosed
Ho Chi Minh City, 0000-000
Vietnam
Ho Chi Minh City, 0000-000
Vietnam
Phone
Website
Email Address
Not Recorded
Overview
Momo is an ewallet and payments app that allows users to pay online and transfer money to each other digitally. At selected stores, the app can be used for cashless payments.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Phan Duc
Browse more venture capital transactions:
Prev: 3/18/2016: Kenandy venture capital transaction
Next: 3/18/2016: Pieces Technologies venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on tech company VC transactions. VC investment data records on this site are derived from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs