Moove: Revolutionizing Mobility Financing for a Global Future

Moove is an African-born, global mobility fintech company dedicated to democratizing vehicle ownership and financial services for underserved mobility entrepreneurs. Founded in 2020 by Ladi Delano and Jide Odunsi, the company addresses a critical gap in emerging markets: enabling ride-hailing drivers, logistics operators, and delivery workers to access new vehicles without traditional credit checks.  Headquartered in Lagos, Nigeria, with a global footprint, Moove has rapidly scaled to become one of the fastest-growing players in sustainable urban mobility.

At its core, Moove's innovative revenue-based financing model embeds alternative credit-scoring technology directly into partner platforms like Uber, Bolt, and others. By analyzing real-time performance data—such as trips completed and earnings generated—the company underwrites loans with unprecedented accuracy and speed. Customers can acquire vehicles (cars, bikes, vans, and soon autonomous fleets) and repay through a portion of their daily revenue, owning their assets within 2-4 years. This approach not only bypasses exclusionary banking systems but also includes bundled services like insurance, maintenance, and health coverage, fostering long-term financial inclusion.

From humble beginnings in Nigeria and Ghana, Moove has expanded to 19 cities across 12 markets in Africa, the Middle East, Europe, Asia, and Latin America. Its fleet exceeds 38,000 vehicles, making it one of the world's largest hybrid and EV operators in the ride-hailing sector. Key milestones include Uber-led investments totaling over $260 million in equity (plus substantial debt facilities), a $750 million valuation in 2024, and a targeted $2 billion+ valuation in a forthcoming $300 million round as of September 2025.  Strategic acquisitions like Brazil's Kovi in January 2025 and partnerships with OEMs (Toyota, Hyundai, Tesla) and Waymo (for autonomous fleet management in Phoenix and Miami starting 2025-2026) underscore its ambition.

Moove's impact-led ethos drives three core commitments: 100% financial inclusion for customers and families, 50% female customer base to empower women entrepreneurs, and 60% clean energy adoption through the world's largest productive EV/hybrid fleet. With over 2,100 employees and projected 2025 revenue surpassing $400 million, the company creates sustainable jobs and reduces urban emissions at scale.

Looking ahead, Moove is poised to lead the transition to autonomous and electric mobility, backed by blue-chip investors like Mubadala, BlackRock, and Uber. By blending fintech innovation with real-world empowerment, Moove isn't just financing vehicles—it's fueling economic transformation and a greener planet. Let's #Moove together.

Kovi is a prominent automotive subscription and financial leasing company in Mexico. Operating a fleet of over 7,000 vehicles, it has established itself as a leader in providing flexible mobility solutions beyond traditional ownership. Kovi’s core service is a comprehensive, all-inclusive monthly subscription model that covers the vehicle, insurance, maintenance, and roadside assistance, offering customers a predictable and hassle-free alternative to car purchases or long-term leases.

A key strategic partnership with DiDi Mexico enhances Kovi's market reach and service ecosystem, integrating its subscription vehicles into one of the country's leading mobility platforms. This collaboration underscores Kovi's role as a significant and integrated player in Mexico's evolving transportation and financial services landscape.

The company is backed by major venture capital firms, including Andreessen Horowitz, and was part of Y Combinator's portfolio, providing a strong foundation for its growth and operations in the region.