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Moove Africa
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Moove Africa

https://moove.africa/
Last activity: 01.09.2025
Active
Categories: AfricaTechAlternativeCarFinTechMobilityPlatformRentalSupplyTechnologyVehicles
Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. We are Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa.

Over 1 billion Africans have limited or no access to vehicle financing resulting in the fastest growing continent having the lowest per capita car ownership in the world.

In a continent full of opportunity, mobility is key to moving economies forward, and Moove's vision is to democratize vehicle ownership across Africa.

We are doing this by building tech to provide Africans the access to affordable vehicle financing while creating job opportunities and empowering a new generation of mobility entrepreneurs.
Likes
670
Mentions
50
Location: Nigeria
Employees: 201-500
Total raised: $330.66M
Valuation: $550M
Founded date: 2019

Investors 11

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Funding Rounds 6

DateSeriesAmountInvestors
23.03.2024Series B$100MUber
10.08.2023-$76MMubadala C...
21.10.2022-$16.66M-
17.03.2022-$105M-
02.02.2022-$10MNBK Capita...
09.08.2021Series A$23M-

Mentions in press and media 50

DateTitleDescription
01.09.2025Kola Aina on AI in Africa, local capital, and exitsKola Aina needs no introduction. As the founding partner of Ventures Platform, a $46 million early-stage fund, he has been a central figure in African venture capital for the past decade. His firm has backed more than 90 startups across the...
02.05.2025Bolt's Electric Tricycles: A Green Revolution on Lagos StreetsIn the bustling heart of Lagos, a quiet revolution is taking shape. Bolt, the ride-hailing giant, is introducing electric tricycles to the city, aiming to reshape urban transport while promoting sustainability. This move is not just about v...
30.04.2025Bolt launches ₦3.2M electric tricycles in Lagos with 15% driver commissionRide-hailing giant Bolt is rolling out electric tricycles in Lagos as it pushes to expand its electric vehicle (EV) footprint across West Africa. Starting in May, the company will deploy 25 tricycles developed in partnership with SGX Mobili...
18.02.2025Moove's Bold Leap into Latin America: A Game-Changer in Urban MobilityIn the fast-paced world of fintech and mobility, Moove has made a splash. The Nigerian company recently acquired Kovi, a Brazilian mobility startup, marking a significant expansion into Latin America. This move is not just a step; it’s a le...
15.02.2025Moove, a Nigerian fintech company, has expanded into Latin America through the acquisition of Kovi, a Brazilian mobility startupMoove, a global leader in mobility solutions, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo, Brazil. This strategic move marks Moove’s significant expansion into the Latin American market, alig...
29.01.2025Uber-backed Moove acquires Brazil’s Kovi to continue global expansionMoove, the Uber-backed Nigerian mobility fintech startup, has acquired Kovi, a car rental startup in Brazil, Latin America’s largest ride-hailing market. The acquisition continues the global expansion of the startup which currently operates...
16.10.2024African Startups: The Global Stage AwaitsAfrican startups are on the brink of a revolution. They are not just local players anymore; they are eyeing the global stage. Investors are taking notice. The message is clear: financial backing is crucial for these ambitious ventures. The ...
15.10.2024Uber-backed Moove expands to Mexico, extending global footprintOne month after Uber-backed Moove launched in the US, the Nigerian startup that finances vehicles for ride-hailing has expanded to Mexico. The company projects it will become profitable in 2025. The expansion to Mexico marks an important mi...
10.10.2024African startups need financial backing for global ambitions, says VCsAfrican startups can build solutions that are scalable across the global market, investors who spoke at Moonshot by TechCabal on Thursday said. They need support in terms of funding, access to networks and market knowledge to achieve global...
05.04.2024MDaaS Global, a Nigerian e-health startup, raises $3 million in pre-Series A funding roundMDaaS Global, a Nigerian e-health startup operating a rapidly expanding healthcare network has received US$3 million in funding for its Pre-Series A round to advance the development of its patented BeaconOS technology platform. Aruwa Capita...
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