About Moove
Moove is a company based in Lagos (Nigeria) founded in 2020 by Ladi Delano and Jide Odunsi. Moove has raised $259.5 million across 14 funding rounds from investors including Uber, Absa Group and International Finance Corporation. Moove has completed 1 acquisition, including Kovi. Moove offers products and services including Vehicle Ownership Program and Driver Application Service. Moove operates in a competitive market with competitors including Clearco, Velocity, GetVantage, Uncapped and FlapKap, among others.
- Headquarter Lagos, Nigeria
- Founders Ladi Delano, Jide Odunsi
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Moove
Moove offers a comprehensive portfolio of products and services, including Vehicle Ownership Program and Driver Application Service.
Platform for drivers to finance and own vehicles through partnerships.
Service to apply and get verified for vehicle driving opportunities.
Funding Insights of Moove
Moove has successfully raised a total of $259.5M across 14 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Series B — $100.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Series B - Moove | Valuation | Future Africa , Uber | |
| Feb, 2024 | Amount | Debt – Venture - Moove | Valuation |
investors |
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| Aug, 2023 | Amount | Series B - Moove | Valuation | Mubadala |
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Investors in Moove
Moove has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Uber, Absa Group and International Finance Corporation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
Investments & Acquisitions by Moove
Moove has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kovi.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Car rental services are facilitated via an online booking platform.
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2018 |
Financial Statements - Moove
Moove Comparisons
Competitors of Moove
Moove operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clearco, Velocity, GetVantage, Uncapped and FlapKap, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Revenue-based financing is offered to eCommerce and SaaS businesses.
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| domain | founded_year | HQ Location |
Revenue-based financing and tools are offered to e-commerce businesses.
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| domain | founded_year | HQ Location |
Lenders and businesses are connected via a fintech platform.
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| domain | founded_year | HQ Location |
Online platform for revenue-based financing
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| domain | founded_year | HQ Location |
Developer of an online platform for advertisement financing
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Frequently Asked Questions about Moove
Moove was founded in 2020.
Moove is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Ladi Delano is the current CEO of Moove. They have also founded this company.
Moove is a funded company, having raised a total of $259.5M across 14 funding rounds to date. The company's 1st funding round was a Series B of $66M, raised on Jun 01, 2020.
Founded in 2020 and based in Lagos, Nigeria, revenue-based vehicle financing is provided by the company to mobility entrepreneurs. Vehicles are enabled to be purchased by drivers using alternative credit scores. Proprietary performance and revenue analytics are utilized for loan underwriting. Services apply to ride-hailing, logistics, mass transit, and instant delivery sectors across relevant geographies.
Moove's top competitors include Clearco, Velocity and GetVantage.
Moove offers Vehicle Ownership Program and Driver Application Service.
Moove has made 1 acquisition, including Kovi.
Moove has 32 investors. Key investors include Uber, Absa Group, International Finance Corporation, BlackRock, and Speedinvest.
The valuation of Moove is $550M as of Aug 2023.