NBK Capital chooses Moove for fund manager’s first Africa investment

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African mobility fintech and Uber’s vehicle supply partner, Moove has secured a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa

The funding represents the sixth investment from the Fund advised by NBK Capital Partners but the first time it is investing in Africa, highlighting the opportunity for Moove to address the continent’s vehicle financing gap.

Expectedly, Moove will use the funding to highlight the opportunity for the platform to address the continent’s vehicle financing gap as the investment brings its total funding raised to date to $ 78 million.

– Nairametrics

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