Tuesday, July 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Moove, a Nigerian-founded mobility fintech startup, has secured a $100 million Series B funding round

Tech Gist Africa by Tech Gist Africa
04/05/2024
in Funding, Middle East and Africa, News - Middle East And North Africa, News - West Africa
0 0
1
Moove Nigeria

Moove Nigeria

0
SHARES
Share on FacebookShare on Twitter

Moove, a mobility fintech startup based in Nigeria, has raised $100 million in a Series B fundraising round. The total fund raised is now over $460 million, and the company is valued at $750 million.

Moove democratizes access to car ownership for mobility entrepreneurs.

Over US$460 million in total secured capital, including over US$250 million in equity and over US$210 million in debt, has been raised by the company through a series of successful fundraising rounds. Uber is one of the new investors in its $100 million Series B round, while Mubadala and other current investors are also participating. Moove is likewise valued at US$750 million in this round.

Moove was founded in 2020 to provide revenue-based vehicle financing options that are equitable, accessible, and affordable for mobility entrepreneurs. The company integrates its alternative credit scoring technology into ride-hailing platforms and uses revenue analytics and proprietary performance data to underwrite customers who were previously denied access to financial services.

With its headquarters currently located in the United Arab Emirates (UAE), Moove operates in nine markets in Africa, the Middle East, Europe, and Asia.

So far, 20,000 customers have driven more than 30 million miles in Moove-financed vehicles.

“Today’s announcement marks a significant milestone for us. When we founded Moove in 2020, we were motivated to solve the acute shortage of vehicle financing that over two million African mobility entrepreneurs faced,” said Ladi Delano, founder of Moove.

By the end of 2025, Moove plans to use the funding to bring its customer-focused, revenue-based car lending product to 16 regions worldwide.

Electric vehicles (EVs) will be a major emphasis of this expansion, helping to provide the foundation for a more accessible and sustainable mobility ecosystem for its global client base.

 

Read more on Tech Gist Africa: 

Zone, a Nigerian fintech startup, receives $8.5 million in a seed funding round

MDaaS Global, a Nigerian e-health startup, raises $3 million in pre-Series A funding round

Arnergy, a Nigerian cleantech startup, has raised $3 million in funding

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
agriculture digital technology agritech africa news

The AgriTech4Egypt Innovation Challenge is now accepting applications

Norrsken Tech Gist Africa

Norrsken Accelerator is currently accepting applications from African early-stage startups

Agritech

Innovative Agritech Solutions: Modernizing Agriculture in Africa

Comments 1

  1. Pingback: Moove a mobility fintech startup, has secured $100M in funding - Africapost
No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.