Momo, Vietnam's top payment app, lands big Series C investment led by Warburg Pincus

Momo, Vietnam's top payment app, lands big Series C investment led by Warburg Pincus

Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. The U.S.-headquartered PE firm has led a Series C investment in Vietnam's Momo, which claims to be the country's largest mobile wallet company with 10 million downloads.