Tech Company Financing Transactions
Moove Africa Funding Round
Moove Africa, based in Amsterdam, secured $20 million from Absa Corporate and Investment Banking and private investors.
Transaction Overview
Company Name
Announced On
7/14/2022
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Investors
Absa Corporate and Investment Banking (Lead Investor)
Proceeds Purpose
The company intends to use the funds to strengthen its product offering, and create more jobs enhancing South Africa operations to strengthen its expanding vehicle financing offering to more customers.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Kingsfordweg 151
Amsterdam, 1043 GR
The Netherlands
Amsterdam, 1043 GR
The Netherlands
Phone
Undisclosed
Website
Email Address
Overview
Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. We are Uber's exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ladi Delano
Chief Executive Officer
Jide Odunsi
Browse more venture capital transactions:
Prev: 7/14/2022: Walla Software venture capital transaction
Next: 7/15/2022: Nyobolt venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs