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Startups

Moove Acquires Brazilian Mobility Startup Kovi

Moove, the mobility firm from Africa, has acquired Kovi, an urban mobility provider headquartered in São Paulo in a move to advance mobility and expand its footprint in the rapidly growing Latin American market. The acquisition increases Moove’s total...
Startups

Moove Enters US Market Via a Fleet Partnership with Waymo

Moove, a mobility solutions firm has signed a fleet partnership with Waymo, the autonomous driving technology, in a move that will see Moove manage and dispatch Waymo's fully autonomous fleet. Moove will take responsibility for fleet operations, facilities, and charging...
Startups

Nigerian startup Moove is Africa’s most funded startup in Q1 2024

Nigerian mobility startup, Moove, has emerged as the most funded startup in Africa as the continent’s startups raised $466 million in Q1 2024. The Funding report  which was released by research firm, Africa: The Big Deal , revealed that  Moove  raised  24%...
Startups

Moove Secures $100 Million Series B Led by Uber to expand into new markets

Moove has announced the closing of a $100 million Series B funding round, led by Uber with contributions from previous investor Mubadala, as well as new investors such as the  Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and...
Startups

Moove launches Moove Cares Program in Nigeria   in response to escalating prices

 Moove, the mobility fintech platform, has  launched Moove Cares’ program, introducing a substantial support package aimed at mitigating the adverse effects of ongoing inflationary prices in Nigeria. The program is aimed to cushion its customers from challenges posed by rising fuel...
Startups

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...
People

Moove appoints Creditas CFO to spearhead financial growth, achieve profitability

Moove, the mobility fintech, has hired Miguel Rodrigues who previously served as Chief Financial Officer at Creditas, as its first Chief Financial Officer to enhance the company's growth and profitability and improve its financial stability. In a statement, Ladi Delano,...
Tech

Moove secures $76M in new funding round

Mobility fintech innovator, Moove, has successfully raised $76 million in its latest funding round. According to reports, the round comprises $28 million in equity from a mix of both new and existing investors, spearheaded by Mubadala Investment Company, as well...
Startups

Moove Closes $8mn To Expand Its Vehicle Fleet in Ghana

Moove, the mobility fintech, has raised $8mn to bolster it’s expanding vehicle fleet in Ghana, further fueling its mission to democratise vehicle ownership and provide employment opportunities within gig economies worldwide.  The financing from Absa Corporate and Investment Banking (CIB),...
Business

Africa’s mobility fintech Moove raises $30 million from debut sukuk for UAE expansion

Nigeria-based mobility fintech Moove and Uber’s largest vehicle supply partner in EMEA, has secured $30 million from a debut sukuk issuance arranged by Franklin Templeton Investments (ME) Ltd. to build the largest EV ride-hailing fleet in the MENA region. The...
Business

 African mobility fintech Moove raises £15 million financing facility to scale 10,000 vehicles

Moove, a Nigerian-born global mobility fintech and Uber’s largest vehicle supply partner in EMEA, has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August. Moove launched in London in August with...
Startups

Africa’s mobility startup Moove & Uber fleet partner launches in India with a $200m war chest

Moove, the mobility fintech and Uber’s largest vehicle supply partner in EMEA, has launched in three cities in India as a part of its global expansion, just days after it raised R300 million (US$20 million) from Absa bringing its...
Startups

Moove Secures $20 M from Absa to expand vehicle financing in South Africa

Moove,  a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs globally has secured $20 million in financing from Absa Corporate and Investment Banking (CIB).  The latest fund brings its total funding to-date to over $200 million since its launch in 2020 and...
Startups

Mobility fintech startup Moove raises $20 million to democratise access to vehicle ownership in Africa

British International Investment (“BII”), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group, has announced a US $20 million, 4-year structured credit investment in Moove – a mobility fintech democratising access to vehicle ownership in Africa. The...
Startups

MooveBeta merges ImpalaPay for a connected economy for Africa

 Adanian Labs Africa incubated fintech startup MooveBeta has today merged with ImpalaPay, a fintech blockchain company with operations across 42 African countries and 134 worldwide. The merger will provide a payment platform that will enable the Pan African and Diaspora communities to transact...
Startups

SWVL & Moove partner to Rollout of electric buses in North Africa

Swvl, Inc, the Egyptian tech-enabled mass transit solutions firm, and Moove, a mobility lender have partnered to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes...
Startups

Nigerian mobility fintech startup Moove secures $105m Series A2 round for expansion.

Moove, a Nigerian mobility fintech startup, has raised US$105 million in an oversubscribed Series A2 round to help it expand to seven new markets in Asia,MENA , and Europe over the next six months. Moove is democratising vehicle ownership in Africa...
Startups

Moove receives $10 Million Investment from NBK Capital Partners

  Moove , Uber’s exclusive vehicle financing and vehicle supply partner in Sub-Saharan Africa has  received a  $10 Million Investment from NBK Capital Partners Mezzanine Fund II  with a bid to  expand across key markets. The innovative asset-backed venture debt marks...
Startups

Moove Partners Uber, Lori & Sendy to Broaden Vehicle Financing in Kenya

Moove, a revenue-based vehicle financing African mobility fintech, has launched operations in Nairobi, its first city in East Africa and sixth on the continent to expand their vehicle and product offerings to customers. Moove has partnered with Uber to allow...
Startups

Moove launches in Kenya and expands its offerings to bikes and trucks.

Moove, an African mobility fintech, has launched its first office in East Africa and its sixth on the continent in Nairobi, Kenya, in order to expand its activities across the continent. This move came after a partnership with Uber that...
Startups

Moove, Lori Systems Partner to Finance Trucking and Logistics in Kenya & Nigeria

Moove, an African mobility fintech, has signed an exclusive partnership with Lori Systems, the Nairobi-based e-logistics company in Africa to deliver access to affordable vehicle financing within Africa’s trucking and logistics industry where penetration for truck financing is lower...
Startups

With a $23m War Chest, Moove Launches in Cape Town, Eyes Pan-African Expansion

Moove, an African mobility fintech, has today launched in Cape Town in its pan-African expansion strategy to make vehicle financing and ownership easier for Uber drivers. The Cape Town launch follows Moove's recent $23m Series A funding and builds on...
Startups

Moove Raises $23 Million Series A Funding to Democratize Vehicle Ownership in Africa

Moove, an African mobility fintech, has raised $23 million in Series A funding bringing Moove’s total funding to $68.2 million, including $28.2M in equity and $40.0M in debt. The Series A round was led by Speedinvest and Left Lane Capital,...
Startups

Uber Ghana partners with Moove to empower drivers to own vehicles

Uber Ghana has partnered with Moove, Africa’s first flexible car ownership company with a bid to offer prospective and current Uber drivers in sub-Saharan Africa long term access to vehicles.  The partnership will see drivers on the Uber platform...
Startups

Moovedin is Connecting Home Seekers with Real Estate Agents

Renting or buying a house has always been a challenge. Asides from prices being too expensive, especially in a city like Lagos, the processes that comes with securing a house is a lot. From seeking agents, to going from...
Startups

Speedinvest Launches Flagship MEA Fund Backed by Mubadala, QIA & EIB Global

European venture capital firm Speedinvest has launched its first flagship fund dedicated to the Middle East and Africa (MEA), backed by major institutional investors including Mubadala Investment Company, Qatar Investment Authority (QIA), and the European Investment Bank (EIB Global). The...
Startups

EIB Injects €40 Million into Speedinvest to Invest in Africa’s Tech Startups

EIB Global, the development arm of the European Investment Bank (EIB), has injected €40 Million into Africa-focused investment vehicle Speedinvest, in a move to strengthen EU–Africa ties, support digital transformation, and promote inclusive economic growth across the continent. Speedinvest will...
Startups

Morocco’s WafR Raises $4 Million in Oversubscribed Seed Round Co-led by LoftyInc Capital

Morocco’s WafR has raised $4 million in an oversubscribed seed round, co-led by pan-African venture capital firm LoftyInc Capital, as the fintech scales efforts to expand access to financial services through neighbourhood corner stores. The round was also co-led by...
Startups

Silverbacks Holdings Posts 9th Exit with 5x Return from Nigeria’s Omniretail

Africa-focused investment firm Silverbacks Holdings said on Tuesday it has completed its ninth exit, generating a five-times return on invested capital from a partial divestment in Nigeria-based B2B commerce startup Omniretail. The announcement was made at Bloomberg’s African Business Media...
Startups

LoftyInc Capital Announces $43M First Close of its New Pan-African Seed Fund

LoftyInc Capital Management has announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will drive growth for Africa’s most promising tech startups across key geographies, including Nigeria, Egypt, Kenya, and...
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