Vietnam's fintech unicorn MoMo posts first full-year profit

Revenue rises 27% in 2024 as e-wallet app expands AI-driven financial services

20250512 Momo Pay

A cafe in Hanoi. MoMo is one of the most widely used e-wallets in Vietnam. (Photo by Yuki Kohara) 

NGUYEN THI BICH NGOC

HANOI -- Vietnamese fintech unicorn MoMo posted its first full-year profit in 2024, quietly delivering what many of Southeast Asia's tech giants are still chasing -- profitability.

The milestone comes at a time when startup valuations have cooled and investor focus has shifted firmly from breakneck growth to sustainable earnings.

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