British-Nigerian entrepreneur Ladi Delano’s startup raises $100 million at $750 million valuation
Established in 2020 by Delano alongside Jide Odunsi, Moove has rapidly emerged as a key player in the mobility fintech sector.
Established in 2020 by Delano alongside Jide Odunsi, Moove has rapidly emerged as a key player in the mobility fintech sector.
Sources familiar with the negotiations have disclosed that the investment could potentially reach $100 million, marking a substantial milestone for both companies.
Moove, co-founded by British-born Nigerian entrepreneurs Delano and Jide Odunsi in 2020, aims to democratize access to vehicle ownership.
Ladi Delano is no stranger to success.
Founded by Delano and Jide Odunsi in 2020, Moove has successfully scaled to nine markets across Sub-Saharan Africa and India.
The move marks Moove’s first global expansion outside of Africa.
The agreement comes nearly two weeks after Moove raised $105 million from institutional investors.
Since its inception two years ago, the mobility fintech pioneer has raised a total of $174.5 million in financing.
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.