Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Blackstone, CVC, and MUFG Compete for Stake in Vietnamese Fintech MoMo

Reuters ·
BX
  • Blackstone, CVC Capital Partners, and MUFG are among the bidders for a stake in Vietnamese fintech firm MoMo, with binding bids due in September.
  • The size of the stake being offered has not been finalized, but reports indicate it could reach as much as 50% of the company.
  • MoMo, which has been profitable since 2024, serves over 30 million users and is expanding into consumer lending, insurance, and investment tools.

Quotes

“Binding bids are due in September”— sources
“The process remains ​ongoing and may not ⁠result in a deal”— sources

Sources