HO CHI MINH CITY -- Vietnam's biggest e-wallet, MoMo, said on Tuesday it had raised $200 million in its latest funding round as it looks to widen the gap with dozens of other digital payment startups in a hotly contested race awash with investor funding.
The investment, a Series E round led by Mizuho, puts MoMo among a handful of unicorns in Vietnam, with the Japanese bank injecting $170 million for a 7.5% stake in the company, Nikkei previously reported. This values the e-wallet company at $2.27 billion.
