These Two Nigerian Entrepreneurs are Quietly Building a Transportation Empire
You might not know their names yet, but you should. British-Nigerian entrepreneurs Ladi Delano and Jide Odunsi are the duo behind Moove, a vehicle financing company heading toward a $2 billion valuation.
Here’s the deal: back in 2020, Delano and Odunsi founded Moove in response to the challenge faced by millions of African mobility entrepreneurs who lacked access to vehicle financing Moove. Traditional banks wouldn’t give them loans because they didn’t have regular paychecks or credit history.
So these two created a smart solution. They built a system that looks at how much drivers actually earn each week, then lets them pay back loans based on that income. No traditional credit checks, no impossible requirements. Just real data about real earnings.
The results speak for themselves. In just four years, they’ve helped over 36,000 drivers get vehicles across 20 countries. Those drivers have completed more than 50 million trips – that’s a lot of people getting around.
But the founders didn’t stop there. They’re taking Moove global, partnering with Google’s Waymo to manage their self-driving car fleets in Phoenix and Miami. They also bought a Brazilian company called Kovi to expand into Latin America.
The money tells the story too. Moove went from making $50 million a year to nearly $400 million, and they’re actually profitable now. With plans to raise another $300 million, Delano and Odunsi are proving that Nigerian entrepreneurs can build world-class companies that solve real problems for millions of people.