Moove tekent overeenkomst met MUFG en Suzuki om financiële inclusie voor mobiliteitswerkers in heel Afrika te bevorderen
TANGIER, Marokko–(BUSINESS WIRE)– Moove, ‘s werelds eerste mobiliteit fintech, heeft vandaag de ondertekening aangekondigd van een Memorandum of Understanding [MoU] met MUFG, een van ‘s werelds toonaangevende financiële groepen en Suzuki, een van ‘s werelds toonaangevende leveranciers van voertuigen aan mobiliteitsbedrijven. Via dit MoU wil Moove, dat op inkomsten gebaseerde financiering biedt aan mobiliteitsondernemers, de financiële inclusie en het scheppen van banen en bijscholingskansen in de sector bevorderen.
De driepartijen overeenkomst, ondertekend op de achtste Tokyo International Conference on African Development [TICAD]-conferentie, is een van de eerste waarbij een Afrikaans fintech-bedrijf is betrokken en benadrukt de mogelijkheid om technologie te gebruiken om het levensonderhoud van miljoenen mensen in opkomende markten te verbeteren. Moove’s alternatieve kredietscoretechnologie zal mobiliteitsondernemers toegang geven tot voertuigfinanciering, ondersteund door de kracht van MUFG’s financiële dienstverlening en Suzuki’s expertise in het leveren van duurzame, hoogwaardige en zuinige voertuigen.
Moove Signs Agreement with MUFG and Suzuki to Promote Financial Inclusion for Mobility Gig Workers Across Africa
TANGIER, Morocco–(BUSINESS WIRE)– Moove, the world’s first mobility fintech, today announced the signing of a Memorandum of Understanding [MoU] with MUFG, one of the world’s leading financial groups and Suzuki, one of the world’s leading suppliers of vehicles to mobility businesses. Through this MoU, Moove, which provides revenue-based financing to mobility entrepreneurs, aims to advance financial inclusion and job creation as well as upskilling opportunities in the sector.
Signed at the eighth Tokyo International Conference on African Development [TICAD] conference, the tri-party agreement is one of the first to involve an African fintech company and underscores the opportunity to leverage technology to improve the livelihoods of millions of people in emerging markets. Moove’s alternative credit scoring technology will enable access to vehicle financing to mobility entrepreneurs, backed by the strength of MUFG’s financial services capabilities and Suzuki’s expertise in supplying durable, high performance and fuel efficient vehicles.
Launched in Lagos, Nigeria in 2020, Moove is a mission-led company committed to empowering mobility entrepreneurs to be productive and successful through providing access to vehicle financing and other financial services. Moove has since scaled to seven markets across sub-Saharan Africa and six markets in MENA, Asia and Europe, and its customers have completed over 7 million trips in Moove-financed vehicles.
The MoU creates a framework for the parties to work closely together on solving other challenges in mobility, including providing access to finance for more female customers as well as improving road safety and training support for mobility entrepreneurs.
To learn more about Moove and its mission to democratize vehicle ownership across Africa, visit: https://www.moove.io/
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About Moove
Moove is an African-born global start-up and the world’s first mobility fintech, providing revenue-based vehicle financing and financial services to mobility entrepreneurs. By embedding its alternative credit scoring technology onto ride-hailing, e-logistics and instant delivery platforms, Moove uses proprietary performance and revenue analytics to underwrite loans to drivers that may have previously been excluded from financial services. Backed by some of the world’s leading investors, Moove has raised over $200 million to date, and its customers have completed over 7 million trips in Moove-financed vehicles. With a commitment to ensuring at least 60% of its fleet is hybrid and electric vehicles and that 50% of its customers are women, Moove is a mission-led business that puts impact at the core of its growth. Moove was recently awarded the IFC’s Annual Corporate Award as one of the top 20 most impactful and transformational projects, applying an innovative and scalable solution towards a global problem.
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Contacts
For additional information on Moove, please contact
Tingting Peng
tingting.peng@moove.io
or
Burlington
Harry Ashcroft
(44)7429108277