Moove

Mobility fintech for ride-hailing drivers

Moove logo
501-1000 employees
  • Fintech
  • B2B
  • Cars
  • Transport
  • Mobility
Teleport, Amsterdam, NH

Company mission

To drive prooductivity and success for the world's mobility entrepreneurs by democratising access to vehicle ownership.

Top investors

32% employee growth in 12 months

Our take

In many African countries, cars serve as the primary mode of transportation, yet car ownership rates remain significantly lower than those in the United States and Europe. A major obstacle exists in the form of limited access to financing for individuals, companies, and small businesses seeking to acquire the vehicles necessary for their mobility needs.

Moove has set out to confront this challenge by offering revenue-based vehicle financing solutions to ride-hailing app drivers. In partnership with Uber, Moove operates in Nigeria, Ghana, South Africa, and Kenya. Unlike traditional car loans, Moove's financing model links an Uber driver's repayments directly to their work volume and revenue generation, providing customers with increased flexibility in managing their repayments.

Within its first year of operation, Moove facilitated 1.4M trips using vehicles financed through its innovative approach. The company is now poised to utilise recent funding in order to expand its presence across West Africa, with the overarching goal of addressing the substantial vehicle financing gap that exists across the content.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Funding (last 2 of 5 rounds)

Mar 2024

$100m

SERIES B

Aug 2023

$28m

EARLY VC

Total funding: $221.2m

This company has top investors

Leadership

Jide Odunsi

(Co-CEO)

Previous Founder and Partner of Grace Lake Partners Ltd.

Ladi Delano

(Co-CEO)

Founding and Managing Partner of Grace Lake Partners Ltd for 5 years. Previous CEO of JCDecaux.

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