Moove accelerates global growth with $100M Uber-led investment.

March 19, 2024
1 min read


Key Points:

  • Moove, a global mobility fintech, secured a $100 million funding round led by Uber, valuing the company at $750 million.
  • The company focuses on democratizing access to vehicle ownership for mobility entrepreneurs through revenue-based financing.

Article Summary:

Moove, a Nigerian-born mobility fintech, has recently received a significant $100 million Series B funding round spearheaded by Uber, pushing the company’s valuation to $750 million. This funding reaffirms Moove’s innovative approach to providing financing solutions for mobility entrepreneurs, particularly focusing on vehicle ownership.

The company’s strategic partnership with Uber and continued support from investors like Mubadala underline the disruptive nature of Moove’s business model and hint at deeper integration within the mobility ecosystem. The funding will propel Moove’s global expansion plans across 16 markets by 2025, with a special emphasis on Africa, the Middle East, Europe, and Asia, with a strong focus on electric vehicles.

Moove’s success story is evident in their emphasis on customer-centricity, sustainability, and achieving profitability. Their commitment to electrifying mobility and leveraging innovative solutions to address the needs of mobility entrepreneurs positions them at the forefront of the mobility fintech revolution. The collaboration with Uber also indicates a trend towards closer cooperation between mobility platforms and fintech companies for a more streamlined experience for entrepreneurs and users alike.

Overall, Moove’s funding success and global expansion plans showcase the transformative potential of technology in fostering economic inclusion and sustainability in the mobility sector.

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