Startup of the Month aims to highlight the achievements of the Southeast Asian startup that has reached new milestone that month

The results are in –and e27 Community has voted Vietnamese e-wallet service MoMo as Startup of the Month!

The initiative was meant to highlight the achievements of a particular Southeast Asian startup that has reached new milestone that month. The results are based on a poll conducted in the e27 Telegram Group every end of the month.

MoMo stole our attention when it raised an undisclosed Series C funding round led by global private equity firm Warburg Pincus.

Though the figures were undisclosed, and has been reported to be at around US$100 million, the company has become one of the first Vietnamese startups to raise a late-stage funding round. Proving the great potential and promise for the market.

MoMo plans to use the new funding to expand within the Vietnam market, so we can expect to hear more from them this year.

Also Read: Uber strikes its first m-payments partnership in Southeast Asia with a deal with Vietnam’s MoMo

In addition to MoMo, we would also like to announce Indonesia-based new retail startup Warung Pintar as the runner-up for the Startup of the Month title.

The startup has recently announced a partnership with Southeast Asian ride-hailing and fintech giant Grab, following a US$27.5 million Series B funding round that it announced less than a week before.

Perhaps Warung Pintar will have the chance to win the top position of Startup of the Month in the coming months?

To participate the vote, and other exciting activities, feel free to join our Telegram Group!

Congratulations to MoMo and runner-up Warung Pintar!

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The post Startup of the Month, January: Vietnamese e-wallet service MoMo appeared first on e27.