Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.

Moove did not say who is leading the round, but sources close to the deal confirmed to TechCrunch that Uber led the Series B round, making it the company’s first investment in the African continent. Update: After we published this article, Moove confirmed Uber led the investment in a LinkedIn post.

The round also includes sovereign wealth fund Mubadala and several other investors, pushing Moove’s post-money valuation to $750 million. This is up from the $550 million secured last August in a Mubadala-led equity and debt round. The news confirms a Bloomberg report from last month. Dubai-based The Latest Ventures, AfricInvest, Palm Drive Capital, Triatlum Advisors, and Future Africa also participated in the funding round.

The company has raised $250 million in equity (and $210 million in debt) to date.

The funding is critical for Moove as it prepares to push into new markets. The company operates in 13 cities across six markets, including Nigeria, South Africa, Ghana, the U.K., India and the UAE. Moove says it plans to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025.

Moove takes a two-pronged approach to vehicle financing. The four-year-old mobility fintech buys fleets of vehicles, which it then sells to drivers through the platform. Its software offers financing to drivers through a credit-scoring system, enabling drivers to buy new vehicles for ride-hailing, logistics and deliveries. The vehicles provided to Moove customers vary from traditional options like Toyotas and Suzukis to electric vehicles (EVs) such as Teslas.