Abu Dhabi’s Mubadala investment fund has led a funding round for vehicle financing startup Moove, valuing the business at $550 million. Moove, which enables drivers to finance vehicle purchases, has rapidly expanded across Africa, the UK, India, and the UAE, offering loans to “unbanked” employees. The investment will support the corporation’s profitability goals over the next 12 months, fund expansion into more extensive markets, and present new monetary services products via alliances with financial institutions.

Mubadala Leads Funding Round for Uber partner Moove