M&A Deal Summary

Moove Acquires Kovi

On January 29, 2025, Moove acquired internet software and services company Kovi

Acquisition Highlights
  • This is Moove’s 1st transaction in the Internet Software and Services sector.
  • This is Moove’s 1st transaction in Brazil.

M&A Deal Summary

Date 2025-01-29
Target Kovi
Sector Internet Software and Services
Buyer(s) Moove
Deal Type Add-on Acquisition

Target

Kovi

Sao Paulo, Brazil
Kovi is an urban mobility provider. Kovi was formed in 2018 and is headquartered in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

Moove

Lagos, Nigeria

Category Company
Sector Financial Services
DESCRIPTION

Moove is a mobility fintech company, providing revenue-based vehicle financing and financial services to mobility entrepreneurs. By embedding its alternative credit scoring technology onto ride-hailing, instant delivery, and e-logistics platforms, Moove can use proprietary performance and revenue analytics to underwrite loans to drivers that have previously been excluded from financial services. Moove provides financing for three product categories - cars, trucks and motorbikes. Moove is based in Lagos, Nigeria.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2025 M&A 1 of 1