Moove, the Nigeria-born unicorn that has been Uber’s vehicle financing partner in sub-Saharan Africa, is considering an exit from Nigeria following the ride-hailing company’s departure last week.
The company, which began offering new cars to Nigerian Uber drivers five years ago with a payment plan tied to daily earnings, is set to leave the country as Uber’s shock exit makes its business untenable, a person with knowledge of the plans said. Moove did not immediately respond to a request for comment. The plan to exit was previously reported by Lagos-based, tech-focused newsletter Notadeepdive.
Moove has grown beyond vehicle financing to the management of robotaxis in the US for companies including Waymo, the Alphabet-owned operator. It secured a $2 billion valuation last month to become the latest African tech unicorn.