Summary

• Moove is a mobility fintech (founded in Lagos in 2020) that provides revenue‑based vehicle financing to gig drivers — notably an exclusive vehicle access/financing partner for Uber across sub‑Saharan Africa. Drivers get vehicles via Moove and repay through regular deductions from their ride‑hailing earnings; after completing the plan they own the car. (Uber.com)

How Moove’s Nigeria / Uber financing typically works

• Offer: Moove buys vehicles (new or near‑new) and sells/leases them to drivers using a finance plan. Drivers are onboarded, verified and trained, then vehicles are supplied and weekly repayments are collected from earnings. Tenors commonly range 12–48 months (often 24–48 months). (techcrunch.com)
• Pricing/crediting: Moove uses alternative credit scoring (platform data/revenue analytics) instead of traditional bank credit history and typically finances a high percentage of the vehicle cost (reports cite ~up to 95% initially). Reported effective annual rates historically cited around ~8–13%, and down payments have been marketed as lower than typical bank deposit requirements (Moove has said ~5% vs much higher for banks). Terms and amounts can vary by model, city and date. (techcrunch.com)
• Collections: Repayments are deducted regularly (commonly weekly) from driver earnings; Moove also bundles maintenance, insurance and handling fees into the weekly charge in many markets. When loan obligations are fulfilled the driver owns the vehicle. (techcrunch.com)

Recent important context (driver concerns in 2025)

• In September 2025 there were widely reported driver protests in Nigeria after large increases to weekly remittances for some Moove vehicles (drivers reported roughly a 100% jump in weekly amounts for certain models, and concerns that most of the new weekly charge was non‑loan fees). This significantly affected driver cashflow and led to public pushback. If you’re evaluating or already on a Moove plan, verify your current weekly charge breakdown (loan vs insurance/maintenance/handling) and the effective remaining tenor. (technext24.com)

Eligibility and documents (typical)

• Eligibility: active ride‑hail drivers (often must be active or approved on Uber), minimum age, valid driver’s license, smartphone, bank/wallet account for payouts. Moove uses driving/earnings history and platform data in underwriting.
• Documents commonly required: government ID, driver’s license, proof of address, proof of bank account, and driving/earnings records (Uber account verification). Exact requirements and KYC vary by city and will be listed during sign‑up. (techcrunch.com)

How to check/apply (practical steps)

1. Visit Moove’s local Nigeria page or the Uber in‑app vehicle access page — the Uber newsroom page and Moove announcements list local signup channels. (Uber.com)
2. In the Uber Driver app look for “Vehicle Solutions” / “Get a car” (or equivalent) — Uber and Moove have integrated sign‑up paths in many SSA markets. (Uber.com)
3. Prepare required documents (ID, license, bank info) and ask for a full written breakdown: weekly payment, how much goes to principal vs fees, total cost of ownership, insurance/maintenance inclusions, and what happens on missed payments. Get contract terms in writing. (techcrunch.com)

Pros and cons (what to consider)

• Pros: fast access to vehicle without formal bank loan; underwriting based on gig revenue; longer tenors and lower marketed rates than many local banks; integrated with Uber for quicker activation. (techcrunch.com)
• Cons / risks: bundled weekly fees can be large and sometimes change (see 2025 protests); driver earnings volatility can make weekly deductions burdensome; contract specifics vary — fees for handling/insurance/maintenance may reduce your net earnings significantly. Recent price adjustments in Nigeria show this risk is real. Verify current, local contract terms before committing. (technext24.com)

Alternatives to consider in Nigeria

• Traditional bank vehicle loans (longer application time, usually bigger deposits and higher nominal rates).
• Local hire‑purchase from dealerships, peer‑to‑peer lenders, or rental daily/hourly models (higher per‑day cost but more flexibility).
• Buying a cheaper used car outright if you can raise capital (avoids weekly deductions but carries maintenance risk).

Recommendations (quick checklist before you sign)

• Get the full payment schedule in writing (weekly amount, allocation to principal vs fees, total cost, final ownership date).
• Ask for a line‑item breakdown of what’s in the weekly charge (loan principal, interest, maintenance fund, insurance, handling).
• Confirm whether and how weekly charges can be changed and whether driver consent is required.
• Check what happens on missed payments (repossession policy, cure periods).
• Compare projected net earnings after Uber commission, fuel, and the Moove weekly charge to ensure the business remains viable.
• If already on a plan and concerned about a recent hike, document communications, request a detailed statement, and consider collective action through driver groups and raising the issue with Uber’s local support — several drivers publicly protested increases in September 2025. (technext24.com)

If you want, I can:

• pull the current Moove Nigeria sign‑up link and the latest official pricing/FAQ (I’ll fetch the most recent Moove/Uber pages and local news), or
• draft a message you can send to Moove or Uber support asking for a detailed payment breakdown and contract terms.

Which would you prefer?