Moove, which offers vehicle financing to gig drivers across six continents, has acquired Kovi, a Brazilian urban mobility provider, in an all-share transaction.

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 would place the $750 million startup among the world’s top three fleet operators and financiers of ridesharing vehicles by revenue,

Moove, the Nigerian mobility fintech startup backed by Uber, has announced the acquisition of Kovi, an urban mobility provider in Brazil.

A Moove, startup apoiada pela Uber Technologies, adquiriu a brasileira Kovi como parte de seus planos para aumentar ainda mais sua receita e expandir sua presença fora da África.

Uber-backed Nigerian mobility fintech startup Moove has acquired Kovi, a YC-backed Brazilian car rental startup. The acquisition will support the startup’s continued global expansion, with operations