Moove Revenue, Valuation, Funding & Investors

Moove is valued at $2.1B as of August 2026.

See full Moove profile

Last Moove valuation

$2.1B

Series C · Aug 2026

Last Moove funding round

$250M

Series C · Aug 2026

Moove revenue

$115M

Series B · Mar 2024

Key investors in Moove

  • Mubadala
  • Speedinvest
  • Left Lane Capital
  • AfricInvest
  • Thelatest.ventures
  • FJ Labs

Moove Overview

About Moove

Moove is an African mobility fintech providing vehicle financing to ride-hailing drivers via revenue-based loans. Lagos-headquartered, it partners with Uber and Bolt, using app data for credit scoring in Nigeria, Ghana, and Kenya. Founded in 2020, Moove has deployed thousands of vehicles, expanding to Côte d'Ivoire.


Founded

2020

HQ

UAEDubai

Website

moove.io

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Revenue

$115M (Mar 2024)

Valuation

$2.1B (Aug 2026)

Moove Valuation

Moove is currently valued at $2.1B, based on its Series C in August 2026.

The $250M round was led by Ion Pacific, Mubadala and Woven Capital, with participation from BlueCrest Capital Mangament, Sona Asset Management and Raptor Group.

Moove's valuation has grown 3.8x from $550M at its undisclosed-stage round in August 2023 to $2.1B in August 2026, across 3 priced rounds.

Moove valuation by funding round

Revenue multiple
Moove valuation by funding round
DateStageValuationRevenue Multiple
Aug 2026Series C$2.1B-
Mar 2024Series B$750M6.5x
Aug 2023Undisclosed stage$550M-

Moove Revenue

Moove's latest recorded revenue is $115M, as of its Series B in March 2024. At a $750M valuation, that implies a 6.5x revenue multiple.

Moove revenue by funding round

Moove revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2024$115M$750M6.5xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Moove Funding History

Moove has raised a total of $509M across 6 funding rounds.

Moove's first fundraising round was a $5M seed round in December 2019. The most recent completed round was a $250M Series C in August 2026.

Moove funding rounds

Moove funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series CIon Pacific (lead); Mubadala (lead); Woven Capital (lead); BlueCrest Capital Mangament; Sona Asset Management; Raptor Group$250M$2.1BMoove raised USD 250 million in a Series C round at a USD 2.1 billion valuation, led by Mubadala Investment Company and co-led by Woven Capital and Ion Pacific, with BlueCrest Capital Management joining as a new investor alongside Sona Asset Management and The Raptor Group. The financing was positioned to support Moove’s next phase of growth and its expansion as a global mobility infrastructure provider for autonomous mobility, strengthening an already broad investor base that includes BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, and the Ontario Power Generation Pension Plan. Moove is a mobility company founded in Nigeria that has built an operating layer for autonomous mobility and has attracted backing from a mix of strategic, financial, and technology investors.
Mar 2024Series BUber (lead); Future Africa; Silverbacks Holdings; Triatlum Advisors; Palm Drive Capital; Thelatest.ventures; AfricInvest; Mubadala$100M$750MMoove is a global mobility fintech founded in 2020 by Ladi Delano and Jide Odunsi, providing revenue-based vehicle financing to ride-hailing and delivery drivers, enabling access to vehicles through proprietary credit-scoring repaid via a percentage of weekly earnings. The company operates in multiple markets including Africa, UAE, India, Mexico, and has expanded via acquisitions like Brazilian fleet-tech Kovi and partnerships such as with Waymo for autonomous vehicles. In March 2024, Moove raised $100 million in a Series B round led by Uber, with participation from Mubadala, AfricInvest, Future Africa, Palm Drive Capital, Silverbacks Holdings, Thelatest.ventures, Triatlum Advisors, and others, bringing its post-money valuation to $750 million and total funding to around $460-520 million including equity and debt. The funds supported expansion to 16 markets by end-2025, adding 45,000 vehicles, focusing on electric vehicles, and driving towards profitability, having facilitated over 30 million trips for 20,000+ entrepreneurs across three continents. At the time of the round, Moove's annual recurring revenue surpassed $115 million, reflecting strong traction. Subsequent growth saw revenues rise to around $50-275 million in 2024 and $400 million ARR by mid-2025, with EBITDA break-even achieved in late 2024. The company later sought over $300 million at above $2 billion valuation in 2025 to expand autonomous vehicle operations, and raised over $1 billion in debt in July 2025 for Waymo partnership and US scaling. Moove's model emphasizes profitability and sustainability, with low default rates below 3%, operating 38,000 vehicles across 19 cities by 2025, and positioning as a leader in mobility electrification and autonomous fleets amid growing investor interest in African tech.
Aug 2023Undisclosed stageMubadala (lead)$66M$550MMoove is an African mobility fintech founded in 2020 by Ladi Delano and Jide Odunsi, providing revenue-based vehicle financing to gig economy drivers for ride-hailing platforms like Uber in markets with limited credit access. The company operates in multiple countries including Nigeria, South Africa, Ghana, UK, India, UAE, Egypt, and Kenya, helping over 12,000 customers complete more than 22 million trips in financed vehicles as of August 2023. In August 2023, Moove raised $76 million in a funding round comprising $28 million equity led by Mubadala Investment Company, $10 million venture debt from BlackRock-managed funds, and $38 million in previously undisclosed funds from the prior year, bringing total funding to around $325 million ($150 million equity, over $175 million debt). This round valued Moove at $550 million post-money, up from prior rounds, with Mubadala's Faris Sohail Al Mazrui joining the advisory board. The funds aim to expand operations, launch new products, enhance customer experience, and achieve group-wide profitability within 12 months, building on profitability in markets like UAE, India, UK, and South Africa, alongside 17x revenue growth since Series A.
Mar 2022Series ALeft Lane Capital (lead); Speedinvest (lead); Thelatest.ventures (lead); NBK Capital; MUFG Innovation Partners; Kreos Capital; FJ Labs; Select Venture Equity; Latitude; AfricInvest$65M--
Aug 2021Series ALeft Lane Capital (lead); Speedinvest (lead)$23M-Moove is an African mobility fintech founded in 2019 by Ladi Delano and Jide Odunsi, providing revenue-based vehicle financing to drivers, primarily Uber's exclusive partner in sub-Saharan Africa markets like Lagos, Accra, and Johannesburg. The company raised $23 million in its Series A equity round on approximately September 8, 2021, led by Speedinvest and Left Lane Capital, with participation from existing investor Emso Asset Management. This brought total funding to around $68 million including $40 million in debt financing, aimed at boosting automotive investments, expanding vehicle supply, and enabling drivers to purchase cars in the region where vehicle financing penetration is low. The funding supports Moove's model of financing up to 95% of vehicle purchases, repayable over 24-48 months via a percentage of drivers' weekly revenue, targeting mobility entrepreneurs including a commitment to 50% women customers. At the time, Moove had over 19,000 drivers on its platform and operated in three cities, demonstrating rapid expansion in under 12 months. Subsequent rounds include a $105 million Series A2 in early 2022 led by the same investors plus others, and later financings like $76 million in 2023 at $550 million valuation with $90 million ARR reported then, and $100 million in 2024 at $750 million post-money valuation with $115 million ARR.
Dec 2019SeedFull Circle Africa$5M--

Who has invested in Moove?

22 investors have backed Moove across its funding rounds, including Mubadala, Speedinvest, Left Lane Capital, AfricInvest, Thelatest.ventures and FJ Labs.

Lead investors include Ion Pacific, Mubadala, Woven Capital, Uber, Left Lane Capital and 2 other investors.


Moove Investors

Investors in Moove by funding rounds participated
InvestorHQRoundsRoleFirst check
MubadalaUAEAbu Dhabi3LeadAug 2023
Left Lane CapitalUnited StatesNew York City, NY2LeadAug 2021
SpeedinvestAustriaVienna2LeadAug 2021
Thelatest.venturesUAEDubai2LeadMar 2022
AfricInvestTunisiaTunisia2ParticipantMar 2022
NBK CapitalKuwaitKuwait City1ParticipantMar 2022
MUFG Innovation PartnersJapanTokyo1ParticipantMar 2022
Kreos CapitalUnited KingdomLondon1ParticipantMar 2022
UberUnited StatesSan Francisco, CA1LeadMar 2024
Future AfricaUnited StatesSan Francisco, CA1ParticipantMar 2024
BlueCrest Capital Mangament--1ParticipantAug 2026
FJ LabsUnited StatesNew York City, NY1ParticipantMar 2022
Select Venture EquityUAEDubai1ParticipantMar 2022

This data is available for Pro users. Sign up to see all 22 Moove investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Moove

Moove has acquired 1 company to date.

Last acquisition by Moove was on January 28th 2025. Moove acquired Kovi for undisclosed valuation.


Latest Acquisitions by Moove

Kovi
Description
Kovi is a São Paulo-headquartered digital car rental service operating in Brazil and Mexico, providing app-based access to vehicles for short-term urban mobility. Customers rent from stations in cities like Rio de Janeiro, Mexico City, and Bogotá using biometric authentication and GPS tracking. Launched in 2018, Kovi manages a fleet of 5,000 electric and hybrid cars from manufacturers like Renault and BYD, emphasizing contactless pickups and insurance coverage up to $50,000 per incident. The service partners with ride-hailing apps for integrated bookings.
HQ CountryBrazil
HQ City
São Paulo
Deal Date28 Jan 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Moove acquisitions and their M&A valuation multiples.

Start Free Trial

Moove Competitors

Moove competitors include listed companies like Nelnet and Kruk S.A., and private ones like Wayflyer, Weidai, Jubao Internet Technology and BlockFi.

Public and private companies comparable to Moove
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WayflyerIrelandDublinPrivate$42M-$1.6B38.1x
WeidaiChinaHangzhouPrivate--$1.5B-
Jubao Internet TechnologyChinaBeijingPrivate--$4B-
BlockFiUnited StatesJersey City, NJPrivate$50M-$4.5B90.0x
NelnetUnited StatesUnited StatesPublicly listed$1.4B-$4.5B7.1x
Kruk S.A.PolandPolandPublicly listed$671M$320M$2B3.4x

Moove Public Comps

Moove is still privately-owned, but its public comps include Encore Capital Group, Kruk S.A., Zip, Lime, Via Transportation, Paragon Banking Group, Federal Agricultural, LendingClub, OSB Group and Hoist Finance.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Encore Capital Group$1.8B$645M3.5x3.3x9.5x8.5x
Kruk S.A.$671M$320M4.5x3.4x9.5x6.6x
Zip$951M$296M3.8x3.6x12.2x18.3x
Lime$887M$87M2.2x-22.2x-
Via Transportation$434M($83M)4.5x3.8x(23.4x)(113.3x)
Paragon Banking Group$710M-----
Federal Agricultural$408M-86.0x76.3x--
LendingClub$998M-2.2x2.1x--

This data is available for Pro users. Sign up to see all Moove competitors and their valuation data.

Start Free Trial

Common questions about Moove

When was Moove founded?Moove was founded in 2020.
Where is Moove headquartered?Moove is headquartered in Dubai, UAE.
Is Moove publicly listed?No, Moove is a private, VC-backed company.
What is Moove's valuation?Moove was last valued at $2.1B in its Series C in August 2026.
How much funding has Moove raised?Moove has raised $509M across 6 funding rounds.
What was Moove's last funding round?Moove's last funding round was a $250M Series C in August 2026, led by Ion Pacific, Mubadala and Woven Capital.
Who are Moove's investors?Moove's investors include Mubadala, Left Lane Capital, Speedinvest, Thelatest.ventures, AfricInvest, NBK Capital, MUFG Innovation Partners, Kreos Capital, Uber, Future Africa and 12 others.
What is Moove's revenue?Moove's latest recorded revenue is $115M (March 2024).
What is Moove's revenue multiple?Moove's latest valuation implies a 6.5x revenue multiple ($750M valuation on $115M of revenue).
Which companies are comparable to Moove?Companies comparable to Moove include Wayflyer, Weidai, Jubao Internet Technology, BlockFi, Nelnet and Kruk S.A..
How many companies has Moove acquired?Moove has acquired 1 company, including Kovi.

See companies similar to Moove

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial