By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Next Gen HeroNext Gen Hero
  • Home
  • Entrepreneurship
  • Fintech
  • News
  • Technology
  • Motivation
Reading: Moove, a Leading Mobility Fintech Company, Publishes Its Inaugural Impact Report
Share
Notification Show More
Latest News
China and Syria Forge Strategic Partnership Amid Regional Shifts
News
Revolut Granted Extension on Filing its 2022 Annual Accounts for Second Consecutive Year
Fintech
The Power Of Integration: Connecting Tech Gadgets With Printing
Technology
Defending Your Digital Identity: How To Safeguard Your Email Address
Technology
Building Effective Communication Channels With Different Engineers
Start-Up
Aa
Next Gen HeroNext Gen Hero
Aa
  • Home
  • Entrepreneurship
  • Fintech
  • News
  • Technology
  • Motivation
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Next Gen Hero > Blog > News > Moove, a Leading Mobility Fintech Company, Publishes Its Inaugural Impact Report
News

Moove, a Leading Mobility Fintech Company, Publishes Its Inaugural Impact Report

Jonas
Last updated: 2023/04/18 at 10:44 AM
Jonas 5 months ago
Share
Moove, a Leading Mobility Fintech Company, Publishes Its Inaugural Impact Report
Moove, a Leading Mobility Fintech Company, Publishes Its Inaugural Impact Report / BusinessWire
SHARE

Moove, a leading mobility fintech company, has announced its expansion to six cities across Africa and the opening of offices in seven countries. The aim of this expansion is to tackle the challenge of limited access to vehicle financing in Africa, which has been a longstanding problem in the continent.

In its recently released Impact Report for 2022/2023, Moove highlighted its contribution to Africa, including the creation of 9,000 jobs, positive impact on 35,000 lives, 4,300 hours of customer training, and the purchase of 2,700 CNG/EV vehicles. The report showed how Moove used their innovative and customer-centric approach to address the unique needs of the African market.

One of the challenges in Africa is the limited access to finance, which has been a major hindrance to economic growth, job creation, and poverty reduction on the continent. This is where Moove comes in. The company uses technology to provide a credit-scoring system that evaluates gig workers based on performance/revenue analytics, enabling them to access financing for their vehicles.

Through its financing program, Moove provides customers with the opportunity to own their vehicles over time. The company is committed to expanding revenue-based Drive-to-Own (DTO) financing in its target markets and to seeking new partnerships in Southeast Asia and Latin America.

Moove’s efforts to expand access to financing and job creation in Africa align with the United Nations Sustainable Development Goals. The company has made commitments to reduce inequality and take climate action. As part of its sustainable development agenda, it plans to increase the percentage of Compressed Natural Gas or Electric Vehicles in its fleet to 70% by 2023.

Moove’s expansion will make a significant impact in Africa, by providing greater access to vehicle financing to more people, and enabling more people to own their vehicles. The expansion also demonstrates the company’s unwavering commitment to Africa’s mobility, economic growth and sustainable development.

Moove’s strategic plans with its DTO financing model will not only incentivize the drivers who join their program to be responsible and diligent with their jobs but also increase their standard of living by giving them the opportunity of owning their vehicles over time while reducing air pollution in the process.

In addition to the financial benefits of access to vehicle financing, the employment opportunities created by Moove’s expansion will also further support the economic growth of the continent.

Overall, Moove’s expansion demonstrates the company’s commitment to using technology to solve real-world problems and its goal of improving the lives and livelihoods of people across Africa. With their innovative approach to mobility and vehicle financing, Moove is set to make a lasting positive impact, both economically and environmentally in Africa.

Share this Article
Facebook Twitter Email Print
Previous Article Former Liberian Refugee Launches Innovative Product: The PottyPillow Former Liberian Refugee Launches Innovative Product: The PottyPillow
Next Article Collaboration with China is Essential for the U.S. to Maintain Its Leadership in AI Collaboration with China is Essential for the U.S. to Maintain Its Leadership in AI
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Facebook Like
Twitter Follow

Popular Posts

Why are marketing channels important to the firm?
Why are marketing channels important to a firm?
Fintech
Ramp Raises $300 Million in Series D, Boosting Its Valuation to $5.8 Billion
Fintech
PayPal’s Rocky Performance: A Deeper Dive into Q2 Earnings and Market Strategy
Fintech
Solaris Moves Forward With Profitability and Efficiency Amid Market Challenges
Fintech
Is PayPal safe for Facebook Marketplace or not?
Fintech
Molten Ventures Downgrades its Investment in Revolut Amid Struggle for U.K. Banking License
Fintech

You Might Also Like

China and Syria Forge Strategic Partnership Amid Regional Shifts

15 hours ago

Donald Trump Jr.’s X Account Compromised with Controversial Posts

4 days ago

UK Prime Minister Moves to Ban American XL Bully Dogs After Series of Attacks

1 week ago

Nipah Virus Outbreak in Kerala, India: Efforts to Contain Spread Intensify

2 weeks ago

© 2023. nextgenhero.io. All Rights Reserved.

  • Home
  • About Us
  • Contact Us
  • Privacy Policy

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?