Moove launches in Cape Town as it eyes pan African growth

SOUTH AFRICA – Moove, an African mobility fintech, has been launched in Cape Town as part of its growth plans across the continent. The expansion marks the fourth city in which Moove has launched within only 15 months of operations and coincides with five new hires for Moove’s global C-suite and the milestone of completing one million Uber trips in Moove-financed cars. The rollout in Cape Town follows Moove’s recent US$23m Series A funding and builds on existing operations in Johannesburg, Lagos and Accra, with a goal of democratizing vehicle…

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Mobility startup Moove raises US$23m Series A funding round for its expansion plans

NIGERIA – Moove, a mobility startup which provides revenue-based vehicle financing to help individuals across Africa own their own vehicles, has raised a US$23 million Series A funding round to help it expand more quickly. The funding round was led by Speedinvest and Left Lane Capital with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, and Victoria van Lennep, the co-founder of Lendable. Kepple Africa Ventures, and one of Moove’s existing lenders, Emso Asset Management, also joined…

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