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Nigerian mobility fintech startup Moove has secured $8 million in funding to fuel the expansion of its vehicle fleet in Ghana.
The investment will enable Moove to enhance its presence in the Ghanaian market, further revolutionizing the mobility sector and providing accessible and convenient transportation solutions to individuals and businesses. The innovative business model of Moove combines mobility solutions with fintech capabilities, providing affordable and reliable transportation options to individuals and businesses.
Leveraging technology and data analytics, Moove aims to bridge the transportation gap and revolutionize the mobility landscape in emerging markets. With the new funding from Absa Corporate and Investment Banking (CIB), Moove plans to expand its vehicle fleet in Ghana, allowing more people to benefit from its efficient and convenient transportation services.
The investment will enable the company to meet the growing demand for mobility solutions in Ghana and enhance its operational capacity to serve a wider customer base.

Terra Industries, a defence technology company based in Nigeria, has secured an additional $22 million in funding, one month after closing an $11.8 million round, bringing its total investment haul to about $34 million.

African startups have been invited to apply for the prestigious New Venture Competition organized by Harvard Business School’s Africa Business Club.

Tappi, a rising Pan-African digital marketing startup, is poised to reshape how small and medium-sized enterprises (SMEs) establish themselves online, fueled by a recent investment from Renew Capital Angels.