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A prominent company in Silverbacks' portfolio, focused on mobility solutions in Africa.
News published about Moove

How African Startups Are Beating Global Giants with Local Innovation
Tech In Africa - Jul 23, 2025
From January to May 2025, African startups raised over $1 billion in funding, a 40% increase compared to the same period in 2024. Sub-Saharan Africa has 90 mobile subscriptions per 100 people, enabling startups to reach users directly.

Moove is raising $1.2 billion debt for U.S expansion
Bendada.com - Jul 03, 2025
Moove is raising $1.2 billion in debt to support the rollout of an autonomous-driving fleet. The funding round has been oversubscribed, indicating strong interest from private credit companies and banks.

Nigeria Fintech Funding Trends 2025
Tech In Africa - Jun 27, 2025
Nigeria accounted for 47% of all fintech deals and 44% of total funding in Africa in 2024. Major funding rounds included Moove and Moniepoint, each raising $110 million.

After a decade, Careem ends Pakistan ride service this July
Bendada.com - Jun 19, 2025
Careem will stop operating in Pakistan on July 18, ending nearly ten years of service. CEO Mudassir Sheikha cited Pakistan's worsening economy, growing competition, and limited capital as reasons for the shutdown.

Telcos roll out the red tape for Starlink
Techpoint Africa - Jun 16, 2025
South African telcos MTN, Vodacom, and Telkom are open to Starlink but demand a socio-economic impact assessment before allowing operations. Starlink's broadband service is seen as a threat to local telcos due to its affordability and speed.
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