Moove

🚀 Moove Secures $100 Million in Series B Funding 🌍 We're excited to announce the closing of our $100 million Series B round. A big thank you to Uber, Mubadala, thelatest.ventures, AfricInvest Group, Palm Drive Capital, Triatlum Advisors AG, and Future Africa for their support, as well as Bank of America Business for their invaluable financial advice during this transaction. 💡 Elevating our valuation to $750 million, we're on a steadfast mission to transform mobility. Our efforts have already positively impacted over 80,000 lives across 9 diverse markets. 🚗 This round fuels our ambition to introduce 45,000 new vehicles, with a keen focus on electric vehicles (EVs), propelling us towards a more sustainable  future. Our vision extends to broadening our footprint to 16 markets by the end of 2025. 🤝 Heartfelt thanks to every investor, partner, and member of the Moove community. Your trust and support are our driving force. You can read the full story here https://lnkd.in/edgSqu2c #Moove #SeriesBFunding #TechInnovation #SustainableMobility #StartupGrowth #AfricanTech #FutureOfTransport #ElectricVehicles #MobilitySolutions

Yesterday at Phoenix Court we went deep on fintech - with practical wisdom and insights from some of the most important emerging fintechs of our age. LocalGlobe, Latitude and Solar are investors in 11 fintech thoroughbreds - these are fintechs generating $100m+ revenues (some are achieving much more…). Of seven of these, we’ve seen the journey from seed via LocalGlobe (At-Bay, Cleo, Justworks, Melio, M-KOPA, Tide, Wise) while four we joined at breakout or scaleup stage via Latitude and Solar (Moove, Monzo, Rapyd, Raisin). We were joined yesterday by Cleo, M-KOPA, Moove, Raisin, Tide, Wagestream, and Wise, as well as some of the most promising from the next cohorts of scaleup fintech. The day was framed around the disconnect between muted investor appetite for fintech and the incredible progress we’re seeing within our private fintech portfolio. While public markets have gyrated from 2020-24, across our 11 fintech thoroughbreds we’ve seen >70% annual growth rates at significant scale on cumulatively several $bns of revenues. But rather than simply cheerleading for fintech yesterday, we focused on fundamentals - resulting in a series of deep, strategic and tactical discussions covering: • How European fintechs can break the US successfully with Raisin, Cleo and Tunic Pay • How legacy financial institutions can be valuable ‘frenemies’ for rapidly scaling fintechs with Tide, M-KOPA and Adyen • The inside scoop on how Wise built a true infrastructural moat, foundational to its $10bn+ success  • What public investors are looking for from fintechs today, as well as valuable tactical advice on the journey from private to public markets with Wellington Management and Pinegrove Capital Partners  • The open space that exists today where venture scale fintechs can build while ‘dancing between the feet of elephants’ with Wagestream, Super Payments, Moove and RiseUp We intend to share detailed content from each panel over the coming days and weeks. Please do contribute to the discussion. Thank you to our outstanding panelists Dr. Frank Freund, CFA, Chris Hamblin, Mayur Patel, Dr. Oliver Prill, Helin Ece Akgül, Josh Yablon, Prateek Bhide, Tingting Peng, Portman Wills and Samir Desai CBE, and our brilliant moderators Nicky Goulimis, Sandra Friis - Adyen - Vice President Sales, Harry Jell, Julian Rowe and Tamara Harel-Cohen. #Fintech #thoroughbreds #fundamentals cc Remus Brett, Julian Rowe, Tom Lambert, Yvonne Bajela

🌍 The Rise of Moove: Lessons from Africa's Mobility Fintech Pioneer 🚗💡 In a new post on EUVC , Enrique Martinez Hausmann, Principal at Speedinvest, reflects on Moove’s journey from a Series A startup to securing significant investment from Uber. Through strategic partnerships, navigating the complexities of scaling across Africa, and embracing adaptability, Moove has transformed challenges into growth opportunities, expanding into 12 markets across 3 continents. Enrique highlights the key decisions that shaped Moove’s success, offering valuable insights for founders worldwide. Read the full story below: https://lnkd.in/ddkAhYTN #MobilityFintech #ScalingSuccess #Entrepreneurship #MooveAfrica #FintechInnovation

In this edition of #MeetTheMoover, we sat down with Doris, Sales & Onboarding Manager (Nigeria) 🇳🇬 Read on to discover Doris’s journey from Customer Support Supervisor to managing the Sales & Onboarding team, her approach to balancing work and personal life, and the memorable moments that make her role so rewarding. "One of my key responsibilities is to onboard the right driver partners, as this sets the foundation for our business. . . Sometime last year, we held a graduation event for the first set of driver partners on one of our products. Seeing the joy and pride in the faces of our partners and their families reminded me of the real impact we’re making. It made every effort worth it. 🧡" #MooveCares #MooveTogether

🚗🎉 Getting Mexico on the Moove! 🇲🇽 We’re excited to share that Moove has officially hit the streets of Mexico City! The first vehicles have been delivered to our drivers, marking a significant milestone in our LatAm expansion. With our Mexico team now fully onboard and operations underway, we’re driving towards a future of mobility that empowers drivers to achieve their goals and gain financial independence. This is just the beginning, and we’re proud to play a role in creating positive impact across the region! #MooveExpansion #MooveMexico #MooveLatam #MooveImpact #MobilitySolutions #FinancialIndependence #EmpoweringDrivers Manuel Marinho

🚗🎉 Getting Mexico on the Moove! 🇲🇽 We’re excited to share that Moove has officially hit the streets of Mexico City! The first vehicles have been delivered to our drivers, marking a significant milestone in our LatAm expansion. With our Mexico team now fully onboard and operations underway, we’re driving towards a future of mobility that empowers drivers to achieve their goals and gain financial independence. This is just the beginning, and we’re proud to play a role in creating positive impact across the region! #MooveExpansion #MooveMexico #MooveLatam #MooveImpact #MobilitySolutions #FinancialIndependence #EmpoweringDrivers Manuel Marinho

🚀 2024 has been busy for Moove! Wondering what we’ve been up to since our Series B fundraise? Check out our latest newsletter, which highlights our achievements and news over Q2 & Q3 2024! 🚀 https://bit.ly/4eB8vM0

Meet Felicia Ayeh (BSc, MA), our Business Assistant and Office Manager in Moove Ghana! 🇬🇭 🚀 Felicia plays a pivotal role in ensuring our operations run smoothly—from managing daily office activities and procurement to organising memorable team bonding events. Her passion for fostering teamwork and creativity shines through everything she does. 🔹 "I believe a team that plays, celebrates, and eats together can achieve great things." — Felicia In this edition of #MeetTheMoover, Felicia shares: 🌟 What attracted her to Moove and how her journey has been so far 🎉 Her favorite projects, including the monthly team bonding hangouts 🎭 A surprising passion her colleagues might not know about 🎓 Her proudest personal accomplishment as the first in her family to earn bachelor's and master's degrees 💡 Valuable advice for anyone starting a career at Moove Curious to learn more about Felicia's story? Click the link below to read the full interview! 👇 #MooveTogether

In this edition of #MeetTheMoover, we caught up with Adedolapo Jafojo Head of Operations (Nigeria) 🇳🇬. Read on to hear what advice Adedolapo would give to aspiring leaders, how she ensures efficient coordination between driver-partners and the NG operations team, and her secret weapon for staying calm during a traffic jam in Lagos. "During a recent customer engagement session where we had our drivers come in for an interactive forum, listened to them talk about how Moove has changed their lives. The opportunity to partner with Moove enabled them to earn a good income, send their children to good schools, and make life better for their families. The stories were truly inspiring and made everything worth it. 🧡" #MooveTogether