Top 10 Mobility Fintech Companies in Nigeria and Their Founders
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Nigeria’s technological transformation is accelerating, with the intersection of mobility and financial technology creating significant economic impact. Mobility fintech—startups leveraging financial infrastructure to enable transportation, vehicle financing, micro-payments, and logistics—is solving real-world challenges for millions of commuters and commercial drivers.
Here are the Top 10 Mobility Fintech Companies in Nigeria and the Founders behind them.
1. Moove
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Founders: Ladi Delano and Jide Odunsi
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Core Focus: Vehicle Financing & Mobility Entrepreneurship
Founded in Lagos, Moove pioneered revenue-based vehicle financing for mobility entrepreneurs. By embedding financial services directly into ride-hailing platforms, Moove gives drivers access to brand-new vehicles through manageable daily payments, driving financial inclusion for gig-economy drivers across emerging markets.
2. Touch and Pay (TAP) Technologies
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Founders: Olamide Afolabi, Michael Oluwole, and Kabir Yabo
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Core Focus: Micro-transactions & Digital Transit Payments
Touch and Pay is the fintech power house behind the widely popular Cowry Card. By digitizing transit fares across BRT buses, trains, and ferries, TAP allows commuters to pay for everyday transit effortlessly using contactless payment technologies designed to work even in low-connectivity areas.
3. Autochek Africa
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Founders: Etop Ikpe and Iyamu Mohammed
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Core Focus: Automotive Credit & Asset Financing
Autochek is modernizing Africa’s automotive commerce ecosystem by connecting vehicle buyers, financial institutions, and workshops. Its mobility-fintech platform provides quick credit scoring and tailored auto loans, helping consumers and logistics providers acquire vehicles with minimal friction.
4. MAX (Metro Africa Xpress)
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Founders: Adedayo Bamiduro and Chinedu Azodoh
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Core Focus: EV Subscriptions, Fleet Financing & Gig-Driver Services
MAX started as an on-demand delivery app and has evolved into a mobility-fintech enterprise. The company offers alternative vehicle financing options, low-emission EV subscription programs, and embedded financial services (such as insurance and wallet solutions) to commercial drivers.
5. Planet42
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Founders: Eerik Oja and Marten Orgna
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Core Focus: Inclusive Car Subscription & Inclusive Auto Loans
Operating actively across Nigeria, Planet42 uses algorithms to evaluate risk and offer vehicle subscriptions to individuals ignored by traditional banks. By turning car buying into a monthly subscription model, Planet42 opens personal mobility options for underbanked populations.
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6. ImaliPay
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Founders: Sanmi Akinmusire and Tatenda Furusa
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Core Focus: One-stop Financial Ecosystem for Gig and Mobility Workers
ImaliPay operates as a financial safety net built specifically for ride-hailing drivers, delivery riders, and gig workers. It provides fuel financing, emergency loans, insurance products, and savings tools directly through a single API platform integrated with top mobility platforms.
7. Drive45
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Founders: Popoola Bayo and Industry Partners
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Core Focus: Fleet Asset Management & Tech-Enabled Financing
Drive45 addresses vehicle acquisition bottlenecks for transport operators in West Africa. By combining telematics, asset tracking, and custom lease-to-own models, Drive45 enables drivers to pay off commercial vehicles over structured timeframes.
8. CDCare
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Founders: Tobi Odukoya and Ayodeji Odukoya
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Core Focus: Zero-Interest Buy-Now-Pay-Later (BNPL) for Mobility Goods
While CDCare spans electronics and appliances, its BNPL platform is widely used by Nigerians to acquire mobility assets—including motorcycles, electric bicycles, auto parts, and tires—through manageable weekly or monthly installments with zero interest charged.
9. LagRide (Lagos Ride Financial Tech Network)
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Partnership/Founders: Initiated via Zenith Bank, Choice City Rides, and Lagos State Government
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Core Focus: State-Wide Asset Allocation & Lease-to-Own Tech
LagRide combines digital dispatch with asset financing. The tech platform enables licensed commercial drivers to operate modern cars while making structured, automated daily payments that count toward complete vehicle ownership.
10. Shekel Mobility
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Founders: Sanmi Olukanmi and Ben Eluan
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Core Focus: B2B Financing for Auto Dealers & Mobility Entrepreneurs
Shekel Mobility offers credit facilities and software designed specifically for car dealerships and vehicle trading businesses. By financing inventory for dealerships, Shekel helps scale the supply side of mobility across Nigeria.
The Future of Mobility Fintech in Nigeria
The convergence of transportation and financial services is crucial for economic development in West Africa. Mobility fintech startups are lowering barriers to vehicle ownership, reducing transit friction, and improving revenue generation for millions of transport workers.
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This interview highlights how African mobility fintech leaders like Etop Ikpe build scalable automotive credit platforms to bridge economic gaps across the continent.
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