Moove Raises $76 Million in Funding

Moove is a mobility fintech that offers a seamless and convenient platform for users to find, book, and pay for various mobility options such as rideshares, bike rentals, scooters, and more.  

Moove has raised $78 million in new funding. It includes $28 million in equity from new and existing investors led by Mubadala Investment Company, $10 million in venture debt from funds and accounts managed by BlackRock, and $38 million in previously undisclosed funds raised during the prior twelve months.  

Moove, Lagos, Nigeria, was founded in 2020 by Ladi Delano and Jide Odunsi. As of last year, Moove expanded to 13 markets in Africa, Europe, the Middle East, and Asia. “We have managed to build a Nigerian solution for what we now know is a global problem,” Ladi Delano said. “And that is exciting for us because not only do we have the opportunity to help solve the lack of access to vehicle financing problems for mobility entrepreneurs in Africa, but now we have the opportunity to take this Nigerian-born solution to the rest of the world.”

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