Nigerian Startup in Talks to Raise $300m

Mobility company, Moove, is reportedly in discussions to raise $300m in fresh capital, a move that could push its valuation beyond the $1bn mark and earn it coveted unicorn status.

This development comes after The PUNCH reported in January that the Uber-backed startup acquired Brazil’s Kovi, a car rental company, as part of its strategy to expand beyond Africa.

The fundraising round, if successful, would enable Moove to cement its position as one of the leading enablers of sustainable urban transport globally, The Information reported on Friday.

The company, which began by financing vehicles for...READ THE FULL ARTICLE/CONTENT HERE