April 4

Uber Leads $100 Million Investment in African Mobility Fintech Moove as Valuation hits $750 Million

By Tage Kene-Okafor

Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.

Moove did not say who is leading the round, but sources close to the deal confirmed to TechCrunch that Uber led the Series B round, making it the company’s first investment in the African continent.

Photo courtesy of DDOT DC.

Source: TechCrunch (link opens in a new window)

Investing, Technology, Transportation
electric vehicles, fintech