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Nigerian Uber Partner Moove Raises $23M Series A To Champion Car Ownership For African Drivers

African mobility is taking on a new meaning thanks to fintech startup Moove and its company mission. Today, the Nigerian tech-based vehicle financing platform — also Uber’s exclusive car financing and vehicle supply partner in sub-Saharan Africa — announced the raise of a $23 million Series A funding round to help empower more African drivers to buy and own their own cars.   View this post on Instagram   A post shared by Moove (@mooveafrica) According to a press release, the round was led by Speedinvest and Left Lane Capital, with participation from other investors such as DCM, Clocktower Technology Ventures,, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, and Victoria van Lennep, co-founder of Lendable. Additional investors also include Africa specialist, Verod Kepple Africa Ventures and existing Moove lender Emso Asset Management. For many of its U.S.-based venture capital backers, Moove is their...

Aug 9, 2021