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Momo is a company operating in the payment, financial inclusion, and banking industries . Founded in 2013 , the company is headquartered in Ho Chi Minh City, Vietnam . Momo's legal name is M-Service , and its official website can be found at https://momo.vn/ . The company's CEO is Duc Pham Thanh , and its founder is Nguyen Ba Diep .
Momo's business model focuses on transaction processing and marketplace services . The company operates in a B2C (business-to-consumer) model and is currently active . Momo has a workforce of around 500 employees .
The company has received investments from various investors, including Standard Chartered, Warburg Pincus, Goodwater Capital, Goldman Sachs Investment Partners, Tybourne Capital Management, Kora Management LP, Affirma Capital Singapore, Macquarie Capital Venture Studio, Mizuho Capital, Ward Ferry Management, and Kora . Momo's latest funding round took place on December 20, 2021, raising $200 million in a Series E round . The company's total funding amount is $433.8 million, with a post-money valuation of $2 billion .
Momo faces competition from various companies, including Monese, Adyen, Mirador Financial, bKash, SalaryFits, Fonmoney, AinFin, Numoni, Acorns (finance), Earnin, Trezeo, pariti, Paga (company), Money View, KyePot, Banking Circle, and Oradian .
The company has a strategic partnership with Ecomobi Corporation . Momo's mobile app is available on both the Apple App Store and Google Play Store . The company also maintains a presence on social media platforms such as Facebook, LinkedIn, and YouTube .
