Finance(Ecofin Agency) - Moove Africa, a mobility fintech startup operating in six Sub-Saharan African markets, is raising more funds to expand further on the continent. Mobility fintech Moove Africa announced, Thursday (July 14), that it secured more than US$200 million in equity and debt financing since the launch of its activities in 2020. This transaction enables the conventionally unbanked to gain access to finance, enjoy the benefits of their efforts and sustainably build a brighter future,” Moove Africa writes. With the additional US$20 million recently obtained, the fintech plans to expand its offers and consolidate operations in South Africa. Despite this, the sector represents an opportunity, explains fintech Moove Africa, which operates in 13 cities on three continents.

Source: The North Africa Journal July 14, 2022 15:52 UTC