Ride-hailing giant Uber has announced a $100 million investment in Moove, an African startup specializing in vehicle financing solutions. This transaction, which marks Uber’s first venture capital investment in Africa, aims to support Moove’s growth and facilitate vehicle ownership for Uber drivers across Africa. Founded in 2015, Moove offers innovative and affordable financing solutions to taxi and motorcycle drivers, enabling them to purchase new and used vehicles. The startup uses artificial intelligence technology to assess the creditworthiness of customers and offer them financing plans tailored to their needs. Moove currently…
Read MoreUber Invests $100 Million in Moove, an African Mobile Transportation Solutions Platform
