Moove expands to Mexico, a months After U.S. Launch
Just a month after its US debut, Nigeria’s Moove, a startup financing vehicles for ride-hailing drivers—has officially expanded into Mexico. The startup which operates by plugging its special credit scoring system into ride-hailing and delivery platforms. The startup operates by plugging its special credit scoring system into ride-hailing and delivery platforms. This lets them see how drivers and delivery folks are performing and making money, so they can decide who gets loans. Moove offers loans by selling new cars, covering up to 95% of the cost within five days of signing up. Customers can then repay these loans over 24, 36, or 48 months, using a part of their weekly earnings. The company aims for profitability by 2025, marking a significant milestone for African startups amid…