“Moove Secures $100M Investment from Uber and Achieves $750M Valuation for African Mobility Fintech Expansion”
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.
Moove says it plans to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025.
Moove takes a two-pronged approach to vehicle financing.
The vehicles provided to Moove customers vary from traditional options like Toyotas and Suzukis to electric vehicles (EVs) such as Teslas.
The vehicle financing startup operates large EV fleets in the UAE and the U.K.
