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Moove Secures $10M Debt Funding from Stride Ventures to enhance urban mobility in India

Moove ,a global mobility fintech startup has secured $10 million debt funding to enhance urban mobility in India by expanding its fleet to 5,000 cars and entering new cities like Delhi, Pune, and Kolkata.

Founded in 2020 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove provides vehicle financing to drivers of ride-hailing platforms.

“We’re delighted to announce our partnership with Stride Ventures, marking our first-ever debt facility in India. Being facilitated by such a premier investor not only validates Moove’s impact-driven model and growth potential but also paves the way for an additional revolving line of credit amounting to $10 million,” Binod Mishra, Regional Managing Director, India and South Asia, Moove, said.

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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