See other companies on Welcome to the Jungle
Moove
Mobility fintech for ride-hailing drivers
- 501-1000 employees
- Fintech
- B2B
- Cars
- Transport
- Mobility
- Teleport, Amsterdam, NH
Jump to section
Company mission
To drive prooductivity and success for the world's mobility entrepreneurs by democratising access to vehicle ownership.
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
Company Specialist at Welcome to the Jungle
Company values
- Let's Moove Them: We believe each interaction with each customer and Moover should always positively Moove them
- Prove Your Moove: We are a data-driven business and believe in measuring and acting on data
- Moove Simple: We believe that the simple way is the best way
- Moove Well: We are proud to get things done well whilst continuously iterating and improving
- Moove Fast: We ecnourge one another to be bold and decisive as our customers need us to Moove fast
- Be Mooke (Rhymes with woke): We are a woke group of people who are focused on always doing what is right
- Moove Together: We believe in collaboration & teamwork in everything we do
- Own your Moove: We believe all Moovers should own your turf. This includes your successes, your mistakes, and your responsibilities
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.