Vietnam’s fintech leader MoMo is actively exploring a range of strategic options, notably the introduction of fresh investors, with the company’s valuation projected to exceed the $2 billion mark. MoMo has achieved profitability since 2024 and has appointed Jefferies and Morgan Stanley to oversee the relevant procedures. At present, the discussions are still in their nascent stages, and there remains a possibility that no agreement will be reached.

Vietnam’s digital financial services sector is currently experiencing robust growth. Bain & Company forecasts a continued upward trajectory in the total value of digital payment transactions within Vietnam, a trend that is drawing significant investor interest.

Established in 2010, MoMo has evolved into a financial services “super app,” boasting a user base exceeding 30 million. Initially, the company had set its sights on going public before 2025, but this objective is not currently a near-term priority. MoMo’s last major funding round concluded in 2021. Last year, the company announced plans to broaden its service offerings for both individuals and small and micro enterprises.