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Moove.io: Financial Inclusion for Mobility Entrepreneurs

Moove.io: Financial Inclusion for Mobility Entrepreneurs

By Erika Masako Welch 29 May 2023

The world has come a long way in the last decade. It’s hard to imagine for many of us, a world where mobility platforms such as Uber, Lyft, Grab, Didi Chuxing and Careem did not exist. There are over 1.1 billion gig workers globally and half are denied access to financial services1 and are invisible to credit. 

Ride-hailing apps have been expanding rapidly across Africa, including Nigeria, Egypt, Ghana, Tanzania, Uganda, Côte d’Ivoire and Kenya. In many of these countries, the arrival of ride-hailing apps is transforming urban transportation systems and providing new employment opportunities as well as providing increased access to transportation for underserved and remote communities. According to the ILO, transportation accounts for roughly 8% of total employment in Africa. That means that nearly 1

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