Templars Advises IFC On Multi Million Dollar Financing For Moove Africa

Moove is a fintech company that provides vehicle financing to mobility entrepreneurs across Africa and is Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa.

The financing package provided by IFC includes a $10 million loan from its account and $10 million mobilised from partners under the Managed Co-Lending Portfolio Program (MCPP). The vehicles to be acquired will include a pilot fleet of hybrid cars to support the roll-out of more energy-efficient cars on e-hailing platforms.

The Templars team was led by Finance Partner, Zelda Akindele with support from Senior Associate, Ojonugwa Ichaba and Associates Ojuolape Kalesanwo, Promise Madubuobu, and Victor Sameria.