Nigeria’s mobility fintech company Moove, Uber’s largest vehicle supply partner in EMEA, has secured US$8 million in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to US$28 million, to expand its vehicle fleet in Ghana. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs. “We’re delighted to be strengthening our partnership with Absa, whose support has played a pivotal role in accelerating Moove’s growth since becoming our first bank partner in 2022. “In light of Ghana’s current economic challenges, there arguably hasn’t been a more critical time in recent years to invest in the potential of its young people. With this in mind, we’re proud to be in an even stronger position to break down the barriers to a wealth of employment opportunities and further empower Ghana’s emerging class of mobility entrepreneurs.”

Source: The North Africa Journal July 08, 2023 10:10 UTC