Vehicle Financing news and trends

Moove to Enter UAE With $30M Sukuk Issuance
Investments // December 09, 2022

Moove has raised $30 million from a sukuk issuance to fund its entry into the UAE market. The Nigeria-borne vehicle financing platform announced the raise, which will be its first such issuance, in a press release on Friday (Dec. 09). A sukuk, sometimes known as...

Vehicle Financing Startup Carputty Notches $7.2M
Startups // August 06, 2021

Car loan startup Carputty raised $7.2 million in a seed round led by a $3 million backing by Kickstart Fund, according to a press release on Friday (August 6). Additional investors included Kinetic Ventures, University Growth Fund, Aries Capital Partners and entrepreneur John Dancu. Carputty...

VW Investing In LA Connected Car FinTech, AutoGravity
Investments // July 07, 2017

Volkswagen Credit made news on Thursday when it announced that it is taking an equity stake in AutoGravity, a FinTech firm focused on car shopping and auto financing across mobile devices. In a statement Thursday, VW Credit said that its investment in AutoGravity is in...

Quick Reads
Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers

August 10, 2023
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing investors, a process led by Mubadala Investment Company; $10 million venture debt from funds and accounts managed by BlackRock; and $38 million in previously undisclosed funds raised during […]

Moove to Enter UAE With $30M Sukuk Issuance

December 09, 2022
Moove has raised $30 million from a sukuk issuance to fund its entry into the UAE market. The Nigeria-borne vehicle financing platform announced the raise, which will be its first...

Vehicle Financing Startup Carputty Notches $7.2M

August 06, 2021
Car loan startup Carputty raised $7.2 million in a seed round led by a $3 million backing by Kickstart Fund, according to a press release on Friday (August 6). Additional...

VW Investing In LA Connected Car FinTech, AutoGravity

July 07, 2017
Volkswagen Credit made news on Thursday when it announced that it is taking an equity stake in AutoGravity, a FinTech firm focused on car shopping and auto financing across mobile...