Skip to main content

Posts

Showing posts with the label Series A2

Moove raises $105m in Series A2 round to scale its revenue-based financing model globally

  Moove , the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round* consisting of equity and debt. The round is led by existing investors, Speedinvest , Left Lane Capital and thelatest.ventures , with participation from new investors including AfricInvest , MUFG Innovation Partners , Latitude and Kreos Capital .  Launched in 2020 by Ladi Delano and Jide Odunsi, Moove is democratizing vehicle ownership across Africa by providing mobility entrepreneurs access to revenue-based financing in markets with low access to credit. Using its alternative credit scoring technology, Moove provides vehicle financing to its customers to purchase brand new vehicles using a percentage of their weekly revenue.  Moove has experienced overwhelming demand and exponential growth across Africa, with its Moove-financed vehicles having completed over 3 million rides covering mor...