NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Nigeria’s mobility fintech company Moove, Uber’s largest vehicle supply partner in EMEA, has secured US$8 million in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to US$28 million, to expand its vehicle fleet in Ghana.

Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.

Photo courtesy of Daniel Foster.