Jide Odunsi (Moove)
Overview
Jide Odunsi is a British-Nigerian entrepreneur and co-founder of Moove, a pioneering mobility fintech company. Born out of a desire to democratize access to vehicle ownership in Africa, Moove provides revenue-based vehicle financing to mobility entrepreneurs. Odunsi, alongside partner Ladi Delano, established Moove to address the significant gap in Africa's automotive industry, where access to vehicle financing is scarce. The company has expanded rapidly, with operations in Africa, the Middle East, Europe, Asia, and Latin America, showcasing Odunsi's impact on the global mobility sector.
Recent Developments
In recent years, Jide Odunsi and Moove have been at the forefront of major advancements in the mobility fintech space. Notable developments include:
- Early 2025: Moove is in the process of securing a $1.2 billion debt financing round aimed at funding the rollout of an autonomous vehicle fleet in the U.S. This ambitious move is part of a partnership with Alphabet’s Waymo.
- 2024 Expansion: Moove announced its expansion into the U.S. market, focusing on financing electric vehicles (EVs) to align with its sustainability goals. This expansion followed a $100 million funding round led by Uber.
- Late 2024: Furthering its impact, Moove launched operations in Mexico City, targeting expansion across Latin America. This entry is part of a broad strategy to reach profitability by 2025.
- August 2023: Moove raised $76 million in a funding round led by Mubadala and BlackRock, reaching a valuation of $550 million. This funding supports Moove's continuous global expansion and development of its services.
- March 2022: Moove secured $105 million in a Series A2 round, aiming to scale its revenue-based financing model globally and introduce innovative mobility solutions in Asia and the MENA region.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Jide Odunsi |
| Born | (Details not publicly available) |
| Nationality | British-Nigerian |
| Occupation | Entrepreneur, Co-Founder, and Co-CEO of Moove |
| Known For | Co-founding Moove, expanding vehicle financing access |
| Education | BSc in Economics from LSE, MBA from MIT, MSc from Oxford |
Early Life and Education
Jide Odunsi was born to Nigerian immigrant parents and was raised in the United Kingdom. He pursued his undergraduate studies at the London School of Economics (LSE), where he earned a BSc in Economics with First Class Honours. Driven by a passion for economic and urban development, Odunsi obtained an MBA from the MIT Sloan School of Management and an MSc in Sustainable Urban Development from Oxford University. This robust academic foundation laid the groundwork for his innovative approaches in the financial technology and mobility sectors.
Career and Notable Achievements
Jide Odunsi's career is marked by significant achievements and leadership roles:
- Goldman Sachs: Odunsi's professional journey began at Goldman Sachs, where he served as Executive Director in the Equities Division.
- Moove Co-Founding: In 2020, alongside Ladi Delano, Odunsi co-founded Moove, the world's first mobility fintech, to address the vehicle financing gap in Africa.
- Grace Lake Partners: He is also associated with Grace Lake Partners, a venture studio focused on development across Africa.
- Funding Success: Under Odunsi’s leadership, Moove has raised substantial funds, including a notable $105 million Series A2 round and a $76 million funding round, contributing to the company's valuation of $550 million.
Current Work and Impact
As of 2025, Jide Odunsi continues to lead Moove in its mission to democratize vehicle ownership globally. Moove's innovative revenue-based financing model has significantly impacted mobility entrepreneurs by providing accessible vehicle financing in markets with limited financial credit penetration. With Moove's expansion into the U.S. and Latin America, the company aims to integrate sustainable solutions, emphasizing electric vehicle adoption, aligning with global environmental goals, and empowering underbanked entrepreneurs.
Jide Odunsi Net Worth
While specific figures regarding Jide Odunsi's net worth are not publicly disclosed, his significant influence and success through Moove suggest substantial personal and financial growth. Moove’s valuation and the continuous interest from high-profile investors reflect the potential wealth associated with his entrepreneurial ventures.
Jide Odunsi Wife
Information on Jide Odunsi’s marital status or personal life, including his spouse, is not publicly available at this time.
Conclusion
Jide Odunsi's contributions through Moove represent a transformative approach to financial inclusion and vehicle ownership in emerging markets. His leadership in advancing sustainable mobility solutions positions Moove as a pioneer in the global fintech landscape, with lasting impacts on economic opportunities and environmental practices. As Moove continues to expand and innovate, Odunsi's influence on the future of mobility and fintech appears promising, ensuring his legacy in the entrepreneurial world.