Who Is Bidding for a Stake in MoMo?

According to Reuters, citing two people with direct knowledge of the matter, Blackstone, CVC Capital Partners, and Japan’s MUFG are among the firms pursuing a stake in MoMo . Earlier reporting from DealStreetAsia indicated that up to five investors were conducting due diligence, with Blackstone and MUFG named among them . The full group may include additional parties, but the three firms above are the only ones named in the most recent reports.

• Advisory roles: Morgan Stanley and Jefferies are advising MoMo on the sale process .
• Timeline: Binding bids are due in September 2026, and the process remains at the due diligence stage .

How Much Is at Stake — Valuation and Stake Size

The transaction is targeting a valuation above $2 billion . In 2021, MoMo became Vietnam’s first fintech unicorn after its Series E round valued it at over $2 billion .

• Stake size: MoMo is selling up to 50% of its equity . The deal is structured as a partial sale, meaning existing shareholders, including early backer TVS (which holds approximately 6%), would reduce or exit their positions .
• Other major shareholders: Warburg Pincus holds roughly 26% (since its 2021 Series D investment), and Augusta Investments holds about 13% .

MoMo’s Evolution: From E-Wallet to AI-Powered Super-App

MoMo began in 2007 as a simple mobile money transfer service and launched commercially in November 2010 as an e-wallet . It expanded to a smartphone app in May 2014, offering money transfers, phone top-ups, and bill payments .

• Super-app transformation: After establishing trust through core payments over roughly six years, MoMo layered on e-commerce, travel booking, insurance, loans, investment and stock trading, and a mini-app ecosystem for retailers . It now describes itself as an AI-powered financial super-app .
• User scale: More than 31 million users and over 140,000 payment acceptance points nationwide . Users open the app an average of , making it Vietnam’s most frequently used super-app .
• Partner ecosystem: Collaborates with over 50,000 business partners and dozens of banks .

Financial Performance and Key Milestones

• 15-year milestone: In November 2025, MoMo marked 15 years in the market, highlighting its role in Vietnam’s cashless payment shift .
• Market context: Vietnam’s digital payments market is projected to reach $83 billion by 2031 .

Key Caveats and Uncertainty

The bidder list (Blackstone, CVC, MUFG) is based on anonymous sources; the full group may include additional parties that have not been named . Binding bids are not due until September 2026, meaning the final investor(s), valuation, and stake percentage could change before a deal is finalized . MoMo’s specific revenue figures are not publicly disclosed because the company is private. Publicly available data for the ticker "MOMO" (Nasdaq-listed Hello Group) refers to a separate Chinese company and is not relevant to this transaction .

Who Is Bidding for a Stake in MoMo?

According to Reuters, citing two people with direct knowledge of the matter, Blackstone, CVC Capital Partners, and Japan’s MUFG are among the firms pursuing a stake in MoMo . Earlier reporting from DealStreetAsia indicated that up to five investors were conducting due diligence, with Blackstone and MUFG named among them . The full group may include additional parties, but the three firms above are the only ones named in the most recent reports.

• Advisory roles: Morgan Stanley and Jefferies are advising MoMo on the sale process .
• Timeline: Binding bids are due in September 2026, and the process remains at the due diligence stage .

How Much Is at Stake — Valuation and Stake Size

The transaction is targeting a valuation above $2 billion . In 2021, MoMo became Vietnam’s first fintech unicorn after its Series E round valued it at over $2 billion .

• Stake size: MoMo is selling up to 50% of its equity . The deal is structured as a partial sale, meaning existing shareholders, including early backer TVS (which holds approximately 6%), would reduce or exit their positions .
• Other major shareholders: Warburg Pincus holds roughly 26% (since its 2021 Series D investment), and Augusta Investments holds about 13% .

MoMo’s Evolution: From E-Wallet to AI-Powered Super-App

MoMo began in 2007 as a simple mobile money transfer service and launched commercially in November 2010 as an e-wallet . It expanded to a smartphone app in May 2014, offering money transfers, phone top-ups, and bill payments .

• Super-app transformation: After establishing trust through core payments over roughly six years, MoMo layered on e-commerce, travel booking, insurance, loans, investment and stock trading, and a mini-app ecosystem for retailers . It now describes itself as an AI-powered financial super-app .
• User scale: More than 31 million users and over 140,000 payment acceptance points nationwide . Users open the app an average of , making it Vietnam’s most frequently used super-app .
• Partner ecosystem: Collaborates with over 50,000 business partners and dozens of banks .

Financial Performance and Key Milestones

• 15-year milestone: In November 2025, MoMo marked 15 years in the market, highlighting its role in Vietnam’s cashless payment shift .
• Market context: Vietnam’s digital payments market is projected to reach $83 billion by 2031 .

Key Caveats and Uncertainty

The bidder list (Blackstone, CVC, MUFG) is based on anonymous sources; the full group may include additional parties that have not been named . Binding bids are not due until September 2026, meaning the final investor(s), valuation, and stake percentage could change before a deal is finalized . MoMo’s specific revenue figures are not publicly disclosed because the company is private. Publicly available data for the ticker "MOMO" (Nasdaq-listed Hello Group) refers to a separate Chinese company and is not relevant to this transaction .