Uber-backed Moove, an Africa-born mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers across six continents, has acquired Kovi, a Brazilian urban mobility provider.

Kovi's proprietary IoT software and driver behaviour algorithm will strengthen Moove's AI mobility strategy. This strategic acquisition aligns with Moove's commitment to advancing mobility and ...

(Bloomberg) -- Uber Technologies Inc.-backed Moove acquired Brazil’s Kovi as part of plans to further grow its income and footprint outside of Africa. The equity deal for an undisclosed amount ...