Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $76 million in new funding. It includes $28 million in equity from new and existing investors led by Mubadala Investment Company, $10 million in venture debt from funds and accounts managed by BlackRock, and $38 million in previously undisclosed funds raised during the prior twelve months, Moove said in a statement.
The news is coming a year after Moove raised a $105 million Series A2 financing ($65 million equity and $40 million debt). The company, which closed its $23 million Series A round in 2021, has employed several types of debt financing since inception from British International Investment, Franklin Templeton Investments and ABSA. Moove has raised $325 million ($150 million in equity and over $175 million in de …
