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New Deal


Announced

Completed

A consortium of investors led a $105m Series A2 funding round in Moove.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial services

Acquisition

Cross Border

consumer finance

Netherlands

Friendly

Consumer Lending

Minority

Private Equity

Completed

Venture Capital

Private

Synopsis

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Investment firms Speedinvest, Left Lane Capital and thelatest.ventures led a $105m Series A2 funding round in Moove, a provider of revenue-based vehicle financing services, with participation from AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital. “At Moove, we have enabled over 3m trips in Moove-financed vehicles across Africa, launched in six cities and connected thousands of mobility entrepreneurs to marketplaces. But there are still millions of budding entrepreneurs who have limited or no access to vehicle financing. We’re delighted to have the support of leading investors across the globe who will be integral in enabling us to take our Nigerian-born model to the world," Ladi Delano, Moove Co-Founder and Co-CEO.

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