A Nigerian mobility fintech start-up, Moove, has announced its expansion out of Africa to secure a footprint in India. Ladi Delano, the co-founder, and co-CEO at Moove confirmed the first global expansion outside Africa in a media statement its announcement on Wednesday.
Moove, which is reputed as the world’s first mobility fintech, is Uber’s largest vehicle supply chain partner in EMEA. Ms. Delano expressed her excitement while extolling Uber for its role in making the launch a success.
She said: “We’re excited to be expanding our revenue-based vehicle financing model to enable the sustainable creation of jobs across the country, where there are some of the lowest vehicle ownership rates in the world, in part because of the lack of access to credit.”
“We are delighted to be expanding our Uber partnership to solve this problem for our new customers in India,” she revealed.
Moove’s acquisitions in the past had earlier been in the news and understand that the latest launch in India is expected to allow thousands of drivers/motorists to return to work.
