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MoMo is reportedly offering approximately 50% of its shares to Blackstone, and MUFG is among the investors conducting due diligence on the deal. (Image: MoMo ) |
According to DealStreetAsia, US investment fund Blackstone and Japanese financial conglomerate Mitsubishi UFJ Financial Group (MUFG) are among the five investors considering investing in MoMo. Sources indicate that approximately 50% of the shares in the Vietnamese fintech unicorn are being offered for sale in a transaction advised by Morgan Stanley and Jefferies.
If the transaction is completed, some of MoMo's existing shareholders may divest their holdings. These include Warburg Pincus – the company's largest private equity fund – and Goodwater Capital, two firms that led MoMo's Series D funding round in 2021.
Other shareholders of MoMo currently include Kora Management, Tybourne Capital Management, Affirma Capital, Macquarie Capital, Mizuho Bank, and Goldman Sachs.
As of the end of 2025, Warburg Pincus owned approximately 26% of MoMo's shares, while Augusta Investments I Pte Ltd held over 13%. Mizuho Bank, a Series E investor, owned approximately 7.3%.
MoMo was valued at over $2 billion after a funding round involving Mizuho Bank in 2021, thus becoming one of the few Vietnamese tech startups to achieve "unicorn" status.
Sources at DealStreetAsia indicate that negotiations are ongoing and there is no guarantee the deal will go through. Blackstone, MoMo, and Warburg Pincus declined to comment, while MUFG has not yet responded.
The fundraising move comes amidst significant improvements in MoMo's business performance. The company recorded a profit of VND 347.5 billion in 2024, reversing the previous year's loss. The company also expects to remain profitable in 2025.
Founded as an e-wallet, MoMo has now expanded into various financial services such as investment, insurance, and asset management. The company says it currently serves over 30 million users.
Since 2023, the company has begun repositioning its operations towards applying artificial intelligence (AI) in financial products for individuals and small and medium-sized enterprises.
The MoMo deal also comes as several of Warburg Pincus's technology investments in Southeast Asia are entering a phase of seeking liquidity.
In the Philippines, e-wallet operator Mynt is nearing an IPO after receiving shareholder approval. Meanwhile, Grab Holdings recently participated in a funding round by Advance Intelligence Group, the parent company of the buy-now-pay-later platform Atome.
Source: https://znews.vn/momo-chao-ban-50-co-phan-post1662151.html
