Nigeria, March 20 -- Moove, a mobility fintech startup, announced Tuesday it has raised $100 million in Series B funding.

The round, led by Uber, includes contributions from its previous investor Mubadala, as well as new investors such as The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa. BofA Securities provided strategic financial guidance for the deal.

The investment, according to the startup, will enable it to scale globally, extending its operations to 16 markets by the end of 2025.

According to the startup, the funding comes after a year of significant growth which saw the company increase its Annual Recurring Revenue to over $115 million.

Moove is a Nigerian global start-up founded by...