Nigerian transport start-up wins $105m funding
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A Nigerian start-up which helps taxi and delivery drivers buy cars says it is expanding to Europe, Asia and the Middle East after raising more than $100m (£77m) in funding.
Moove was founded in 2020 to provide loans to drivers who did not have bank accounts.
It operates in six African cities where ride-hailing apps have led to soaring customer demand for transport, but a lack of drivers with cars to provide the service.
In Africa, fewer than 5% of vehicles are bought through financing schemes, a far lower proportion than elsewhere in the world.
-BBC
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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