Nigerian Mobility Fintech Startup Moove Secures 105M Series A2 Round For Expansion
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs. It was founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi. Moove may leverage proprietary performance and revenue analytics to approve loans to drivers who have previously been barred from financial services by integrating its alternative credit scoring technology onto ride-hailing, e-logistics, and instant delivery platforms. In Moove-financed vehicles, over three million rides have been completed in six markets – Lagos, Accra, Johannesburg, Cape Town, Nairobi, and Ibadan – and three product categories – cars, trucks, and motorbikes....