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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Moove
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Moove
Frequently Asked Questions about Moove
When was Moove founded?
Moove was founded in 2020.
Where is Moove located?
Moove is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Moove?
Ladi Delano is the current CEO of Moove. They have also founded this company.
Is Moove a funded 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.
What does Moove do?
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.
Who are the top competitors of Moove?
Moove's top competitors include Clearco, Velocity and GetVantage.
What products or services does Moove offer?
Moove offers Vehicle Ownership Program and Driver Application Service.
How many acquisitions has Moove made?
Moove has made 1 acquisition, including Kovi.
Who are Moove's investors?
Moove has 32 investors. Key investors include Uber, Absa Group, International Finance Corporation, BlackRock, and Speedinvest.
What is Moove's valuation?
The valuation of Moove is $550M as of Aug 2023.
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