Fundz

Moove Closes R300 Million Financing From Absa

PRIVATEJul 14, 2022

Round Type

Funding Round

OtherFinancial ServicesMedia And EntertainmentTransportation

Description

Moove, the world’s first mobility fintech, has secured R300 million (US$20 million) in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date to over $200 million since its launch in 2020. The startup’s latest funding will be used for its South Africa operations to strengthen its expanding vehicle financing offering to more customers.

Quick answer

Moove raised an undisclosed amount in a Funding Round round, dated July 14, 2022.

How much did Moove raise?
Moove raised an undisclosed amount in a Funding Round round on July 14, 2022.
What does Moove do?
Moove is an African mobility fintech that is democratizing vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa, where limited access to vehicle financing has resulted..
Who are the decision-makers at Moove?
Fundz holds 1 contact at Moove, including the Co Founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Media And Entertainment around the same time

Companies in the same sectors as Moove that raised within 45 days of this round, from Fundz verified event records.

  • Locket raised $13M (Funding Round) on August 2, 2022.
  • Locket raised $14M (Series B) on July 25, 2022.
  • Locket raised $2.8M (Seed) on July 15, 2022.
  • Locket raised $4.5M (Seed) on July 14, 2022.
  • Lucinity raised $17M (Series B) on July 7, 2022.
  • The Kraft Heinz raised an undisclosed amount on June 28, 2022.

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Company Information

Company

Moove

About

Moove is an African mobility fintech that is democratizing vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa, where limited access to vehicle financing has resulted in the lowest per capita car ownership in the world. The company is Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa. For more information, visit https://moove.africa/ or contact press@moove.africa.

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Related People

1 contact
Verified contactsJoaquin, Co Founder hidden hiddenSee plans and pricing
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Moove raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.