The big moves African startups are making
- Moove expands into the U.S. market, recruiting key positions in Los Angeles and California.
- Moove raises $100 million in funding from Uber and other investors.
- Moove plans to focus on financing electric vehicles in the U.S.
The strategic expansions and acquisitions by startups like Moove and Risevest indicate a growing confidence in the African tech ecosystem. However, it will be crucial for these companies to adapt their business models to new markets to ensure sustainable growth and profitability.
