Moove Stock

www.moove.ioTransportation / RidesharingFounded: 2020

Operator of a global mobility fintech company intended to democratize access to financial services for mobility entrepreneurs. The company uses embedded alternative credit scoring technology in ride-hailing, logistics, mass transit, and instant delivery platforms, using proprietary performance and revenue analytics to underwrite customers that have previously been excluded from financial services, enabling customers to access and use proprietary performance and revenue analytics of mobility entrepreneurs to underwrite loans. Moove was founded in 2020 by Iyinoluwa Aboyeji, Jide Odunsi, and Ladi Delano and is headquartered in Lagos, Nigeria.

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Private Market Pricing DetailsValuation & Financings

Moove Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Moove investors also invested in these private companies

Mubadala Investment Company
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Nbk Capital Partners
Loftyinc Capital Management
Wamda Capital

Leadership & Board

Leadership

Ladi Delano
Co-Founder
Jide Odunsi
Co-Founder

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Is Moove a public company?

No, Moove is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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Moove’s news and media highlights

Brazil's Moove Lubricants, backed by European private equity firm CVC Capital Partners, set a target of up to $1.94 billion valuation on Tuesday for its U.S. initial public offering. Foreign companies often eye U.S. listings hoping for higher valuations and more liquidity than local markets. Moove and some existing shareholders are seeking up to $437.5 million by offering 25 million shares priced between $14.50 and $17.50 each.
Moove, which was founded in Nigeria and provides revenue-based vehicle financing, said on Tuesday it had raised $100 million in a latest funding round, valuing the company at $750 million. Launched in 2020, Moove uses a credit scoring system to provide vehicle financing to customers to purchase new vehicles for ride hailing, logistics and deliveries using a percentage of their weekly revenue. The Series B funding was backed by Uber and existing investors like Mubadala, which backed Moove in last year's round.
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets. Moove did not say who is leading the round, but sources close to the deal confirmed to TechCrunch that Uber led the Series B round, making it the company’s first investment in the African continent. Update: After we published this article, Moove confirmed Uber led the investment in a LinkedIn post.
Uber Technologies Inc. is in talks to back African vehicle-financing startup Moove in a funding round of as much as $100 million, said people familiar with the matter. The US ride-hailing firm will join a group of investors in the cash raise, which will push Moove’s enterprise value to about $750 million from a pre-money valuation of about $650 million, said the people, who asked to remain anonymous as the talks are still private. The funding round has not yet concluded and the final figure could still change, ranging between about $75 million and $100 million, they said.
Updated on: Oct 17, 2024

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