Announced
Completed
Financials
Sources
Tags
financial services
Acquisition
Cross Border
consumer finance
Netherlands
Friendly
Consumer Lending
Minority
Private Equity
Completed
Venture Capital
Private
Synopsis
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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