Following a successful debut in August, Nigeria-based mobility fintech startup Moove—largest Uber’s car supply partner in EMEA—has raised GBP15 million (US$16.8 million) in funding from Emso Asset Management to expand up its UK operations. By providing revenue-based car finance to mobility entrepreneurs, the Nigerians Ladi Delano and Jide Odunsi of British birth founded Moove in…
As part of its global expansion, Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, has announced its launch in India. Moove, a company that provides revenue-based financing to mobility entrepreneurs, has expanded from its African roots to Mumbai, Hyderabad, and Bangalore to provide vehicle financing to Uber driver-partners. Moove…
The UK government’s Development Finance Institution (DFI), the British International Investment (BII), said on Thursday that it has invested $20 million in debt financing in Nigeria’s mobility financing firm Moove. Moove has a voracious thirst for fundraising. Moove has demonstrated that it has a tremendous thirst for cash by raising $10 million in debt financing…
Swvl, Inc. (“Swvl”), a global provider of transformative tech-enabled mass transit solutions, and Moove, the world’s first mobility fintech, announced today a collaboration to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region and expand vehicle classes to include electric buses. The collaboration comes on the heels of…
Moove, one of the fastest-growing mobility fintechs, has raised $105 million in a new Series A2 funding round led by previous investors Speedinvest, Left Lane Capital, and the latest ventures, as well as new participants AfricInvest, MUFG Innovation Partners, Latitude, and Kreos Capital. The company said in a statement to Technext that the funds will…
Moove, Africa’s Mobility Fintech and Uber’s only car supply partner in Africa, has secured a $10 million financing facility backed by NBK Capital Partners and Mezzanine Fund II, just two months after opening its first office in East Africa. Moove is NBK Capital Partners’ first African investment, demonstrating the potential for a mobility platform like…
Moove, an African mobility fintech, has opened its first office in East Africa and its sixth on the continent in Nairobi, Kenya, as part of its efforts to expand operations across the continent. This move came after a collaboration with Uber that allowed ride-hailing and delivery drivers to acquire motorbikes for Uber Connect, UberEats deliveries,…
Nigerian mobility startup Moove, which provides revenue-based vehicle financing to help individuals across Africa own their own vehicles, has expanded to Cape Town and is gearing up for further pan-African growth. Founded by British-born Nigerians Ladi Delano and Jide Odunsi, who have successfully built three other businesses in Africa over the last eight years through…
Moove raises $23M to create flexible options for drivers to own cars in Africa Africa is home to more than a billion people where a majority have limited or no access to vehicle financing. In fact, the continent has the lowest per capita vehicle ownership in the world. For instance, in Nigeria, owning a car…