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.
Egyptian fintech company Sahl has secured $6 million in funding to solidify its position as a one-stop shop for household bills in collaboration with government agencies.
Egypt-based B2B payment platform, SETTLE, has secured $2 million in a pre-seed funding round.
OpenseedVC, a recently launched venture capital firm, has secured an initial closing for its $10 million early-stage fund.
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