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SE Asia Digest: MoMo acquihires Pique, Achmad Zaky Foundation launches edtech incubator
June 30, 2021
MoMo, an e-payment firm headquartered in Vietnam, has acquihired AI company Pique to boost its AI capability. In a separate development, Achmad Zaky Foundation run by Bukalapak founder Achmad Zaky has launched an edtech incubator.
Vietnam’s MoMo acquihires AI startup Pique
Vietnamese e-payment major MoMo has acquihired VC-backed artificial intelligence (AI) startup Pique, formerly NextSmarty, to enhance what it calls an “AI first” strategy.
This marks the first transaction of MoMo Innovation Ventures, which the Warburg Pincus-backed payment super-app launched earlier this year.
MoMo acquired all of Pique’s intellectual property, and hired its data science and engineering team, including Pique’s founder, Trinh Xuan Tuan.