NBK Capital provides $10m to Uber’s African vehicle supply partner

NBK Capital Partners Mezzanine Fund II closed a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech Moove.

The growth facility from the fund will support Moove’s expansion in West Africa initially, executives said. Moove is the first investment in Africa by NBK Capital Partners funds, underscoring the opportunity for a platform like Moove to address the continent’s vehicle financing gap.

Founded in 2019 by Ladi Delano...

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