Moove Exits Nigeria Market Transition

Moove, a Nigerian mobility financing company, raised over $710 million globally before exiting Nigeria in October 2026. Founded in 2020, it provided vehicle financing to ride-hailing drivers and will transfer vehicles worth N35 billion to existing customers as part of its exit.

Ladi Delano and Jide Odunsi, founders of Moove, are closing the company's Nigerian operations after six years. Moove will transfer vehicles worth N35 billion to customers and reward employees with free cars, effective October 1, 2026.

Moove, a global mobility company, is exiting Nigeria after six years, transferring vehicles worth N35bn to eligible customers. As part of its "Thank You Nigeria" initiative, the company will also provide free cars to its Nigerian staff.