Moove
Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.…
Moove takes in $76M equity, debt from Mubadala and BlackRock at a $550M valuation
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $76 million in new funding. It includes $28…
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A look into the British DFI’s plan to invest in African economies, venture funds and tech startups
On April 4, the U.K.’s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name change, the development finance institution (DFI) announced that it surpassed its pledge to invest £2 billion in Africa over the last two years. It was a reminder of the…
Daily Crunch: African mobility fintech Moove raises $105M in Series A2
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Existing…
Mecho Autotech gets $2.15M to expand vehicle maintenance and repair services in Nigeria
Nigeria has more than 12 million registered vehicles, and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns. Given this number, one would expect…
South Africa’s Planet42 gets $30M for its car subscription service, Mexico expansion
Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The…
TLcom and 4DX drive $13.1M seed round to scale Autochek’s platform across Africa
African automotive company Autochek has secured a $13.1 million seed round almost a year after raising $3.4 million pre-seed in November 2020. The company, led by CEO Etop Ikpe, has…
Moove raises $23M to create flexible options for drivers to own cars in Africa
Africa is home to more than a billion people, where a majority have limited or no access to vehicle financing. In fact, the continent has the lowest per capita vehicle…
