Vietnam-based fintech developer M-Service has secured $28m in a series B round led by Standard Chartered Private Equity, an investment vehicle of financial services firm Standard Chartered, according to Reuters.
The round also featured investment bank Goldman Sachs, which previously supplied $5.75m in series A capital for M-Service in 2013.
M-Service operates a payment platform named Momo that functions as a digital wallet and offers over-the-counter remittance. The company claims it serves 2.5 million customers, with one million using the…
