Archives Tag: Mobility FinTech
Uber Leads $100 Million Investment in Moove, Pushing Valuation to $750 Million
April 19, 2022
Uber has spearheaded a $100 million investment in Moove, an African mobility fintech, driving its valuation to $750 million. Moove specializes in providing vehicle financing to drivers on ride-hailing and delivery platforms, and this funding round, with Uber at the forefront, marks Uber’s debut investment in an African startup. Read more about FinTech “Uber’s … Continue reading Uber Leads $100 Million Investment in Moove, Pushing Valuation to $750 Million
10 Predictions and Trends for the African Mobility Industry In 2023
April 19, 2022
In Africa, small and medium-scale car dealers comprise almost 82% of the car dealership market, and most of these merchants sell second-hand automobiles at high prices due to inadequate financing. In emerging markets like Vietnam, India, Brazil, Indonesia, Malaysia, and a substantial fraction of Latin America the average of institutional credit in automotive transactions … Continue reading 10 Predictions and Trends for the African Mobility Industry In 2023
How To Set Up A Mobility Fintech Company in Nigeria
April 19, 2022
There seems to be a thriving market opportunity for mobility fintech in Nigeria. Studies have shown that Nigeria is very underserved when it comes to access to affordable transportation. In fact, owning a car is still considered a luxury in this part of the world, whereas in the United States, Europe and Canada and … Continue reading How To Set Up A Mobility Fintech Company in Nigeria
7 Business Opportunities For Mobility Fintech In Nigeria
April 19, 2022
Nigeria like any other emerging market is full of opportunities for businesses, especially startups that are operated through technology. Moreover, the country has the strongest startup ecosystem in Africa with over 500 registered startups that are meeting the diverse needs of people ranging from finance to health to housing and retail, etc. Also, the … Continue reading 7 Business Opportunities For Mobility Fintech In Nigeria
Problems Confronting Mobility FinTech Companies in Nigeria and the Way Out
April 19, 2022
Setting up a mobility FinTech company in Nigeria is not without its challenges. These challenges are social, political, economic and even infrastructural. However, there are dozens of mobility FinTech startups in Nigeria with the two leading being Moove and Autocheck. Others include Quriee, Tour, Pickmeup and so on. Despite their presence, mobility FinTech is … Continue reading Problems Confronting Mobility FinTech Companies in Nigeria and the Way Out
