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World’s First Mobility Fintech Moove Raises $105m in Series A2 Round to Scale Its Revenue-based Financing Model Globally

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LONDON, March 14, 2022–(BUSINESS WIRE)–Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round is led by existing investors, Speedinvest, Left Lane Capital and thelatest.ventures, with participation from new investors including AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220314005092/en/

Moove co-founders – Jide Odunsi (standing) Ladi Delano (seated) (Photo: Business Wire)

Launched in 2020 by Ladi Delano and Jide Odunsi, Moove is democratizing vehicle ownership across Africa by providing mobility entrepreneurs access to revenue-based financing in markets with low access to credit. Using its alternative credit scoring technology, Moove provides vehicle financing to its customers to purchase brand new vehicles using a percentage of their weekly revenue.

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