Uber-backed Moove acquires Brazil’s Kovi to continue global expansion 

Moove, the Uber-backed Nigerian mobility fintech startup, has acquired Kovi, a car rental startup in Brazil, Latin America’s largest ride-hailing market. The acquisition continues the global expansion of the startup which currently operates in 19 cities across 6 continents.

The acquisition is an all-stock transaction that makes Kovi’s investors shareholders in Moove. Kovi has raised over…