Moove in talks for $300 million aims to secure a funding round that would value the Lagos-based mobility fintech at $1 billion. These negotiations position Moove to join Africa’s elite unicorn club. The company, founded in 2020 by Ladi Delano and Jide Odunsi, finances vehicles for ride-hailing and delivery drivers. With operations in 13 markets, including Nigeria and the U.S., Moove seeks to fuel its global expansion. Consequently, this funding could amplify its role in the mobility fintech sector.
Moove in Talks for $300 Million: Funding and Expansion Plans
Moove in talks for $300 million involves discussions with major investors like SoftBank Vision Fund and Sequoia Capital. The company’s annualized revenue has soared to $360 million, up from $115 million a year ago, driven by its core lending business and U.S. fleet management for Waymo’s robotaxis. “This funding round will accelerate our global vision,” said Ladi Delano, Moove’s Co-founder and CEO. Furthermore, Moove plans to enter new markets and enhance its tech platform. This capital would build on its $500 million in total funding, boosting its growth trajectory.
Strategic Moves Fuel Investor Confidence
Moove’s negotiations reflect its rapid rise in the mobility sector. Its partnership with Uber and Waymo, highlighted by Alphabet CEO Sundar Pichai, showcases its innovation. The acquisition of Brazil’s Kovi in January 2025 further expanded its reach. “Moove’s growth signals Africa’s potential in global tech,” said Aisha Bello, a venture capitalist at XYZ Ventures. However, closing the $300 million round remains critical. Therefore, successful funding could cement Moove’s status as a leader in Africa’s tech ecosystem, driving job creation and economic impact.
The talks come at a pivotal time. Africa’s startup scene is gaining global attention, with investors eyeing scalable solutions. Moove’s model, supporting drivers and fleet operators, addresses urban mobility challenges. As negotiations progress, the company aims to finalize the deal soon. This milestone would mark a significant step for African fintech, proving the continent’s startups can compete globally.
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