Warburg-Backed Vietnam E-Wallet Said to Raise $100 Million (1)

Vietnam’s startup payment app MoMo has raised a new funding round of more than $100 million, according to two people familiar with the investment.

The company, M-Service JSC, creator of MoMo, confirmed that it raised money from investors without specifying how much.

Warburg Pincus LLC, MoMo’s largest backer, is part of a group of investors involved in the company’s Series D round that also includes Silicon Valley’s Goodwater Capital LLC, Affirma Capital Singapore Pte, Kora Management, Macquarie Capital and Tybourne Capital Management, according to the company.

Warburg Pincus, Tybourne Capital and Affirma Capital are existing shareholders, ...