02 Jan 2024
For those unfamiliar, Moove is an African-born global mobility fintech company focused on democratizing access to financial services for mobility entrepreneurs. Its innovative approach leverages alternative credit scoring technology integrated into various platforms, including ride-hailing, logistics, mass transit, and instant delivery. This allows Moove to assess and underwrite previously excluded customers using its proprietary performance and revenue analytics.
Currently operating in 13 markets across Africa, the Middle East, Europe, and Asia, Moove is the largest vehicle supply partner for Uber in the EMEA region. The company reports its customers have completed over 28 million trips in Moove-financed vehicles.
Moove considers Rodrigues' appointment as a significant milestone in its scaling journey, positioning it for both financial and operational excellence. His background at Creditas, coupled with his previous experiences at The Kraft Heinz Company and Goldman Sachs, provides valuable insights and proven strategies crucial for Moove's next phase of growth.
As CFO, Rodrigues will spearhead a comprehensive strategy aimed at boosting Moove's growth and profitability. He will leverage his expertise in managing capital-intensive lending businesses to enhance financial stability and oversee the company's assets, liabilities, and equity management.
Rodrigues' primary focus will be on developing and implementing initiatives aligned with Moove's goal of achieving profitability by the end of its fiscal year. His experience in accessing global capital markets will be essential in securing diverse financing options to support Moove's continued expansion into new markets.
"Our vision has always been to scale sustainably and efficiently," said Ladi Delano, Founder of Moove. "With the rapid expansion of our commercial business, it became clear that our finance function needed to evolve. We believe Miguel's appointment is a pivotal step towards aligning these aspects of the business and accelerating our commitment to profitability and long-term success."
"I'm thrilled to join Moove at such a dynamic stage of its growth," said Miguel Rodrigues. "My focus is on accelerating Moove's growth and steering the company towards a sustainable and profitable future, building upon the strong foundation that has already been established."