Emma Okonji Moove, an African mobility fintech, has raised $23 million Series ‘A’ funding, led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, amo…
Moove, an African mobility fintech, has raised $23 million Series ‘A’ funding, led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, among others.
“Operating on a continent with more than a billion people who have limited or no access to vehicle financing – and the lowest per capita vehicle ownership in the world, Moove will use the funding round to build a full-service mobility fintech that democratizes vehicle ownership across Africa. The market opportunity is vast – Africa is home to 1.
It added, “Co-founders of Moove, Ladi Delano and Jide Odunsi are British-born Nigerians, educated at the London School of Economics, Oxford University and MIT, who have successfully built three other businesses in Africa over the last eight years through their venture studio, Grace Lake Partners. Ladi is a serial entrepreneur and Jide is a former investment banker at Goldman Sachs and former management consultant at McKinsey.
Moove is Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa, with Moove-financed cars having completed more than 850,000 Uber trips covering over 13 million kilometers across the continent to date.
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