Mobility fintech company, Moove appoints Miguel Rodriguez as CFO

Prominent mobility fintech company, Moove, has announced the hiring of Miguel Rodrigues as its first Chief Financial Officer.

In a statement sent to Technext, the company acknowledged that Miguel Rodrigues joins with a wealth of administrative experience at companies like Creditas, The Kraft Heinz Company and Goldman Sachs, to act as a crucial driver in the company’s scale-up journey. 

For the uninitiated, Moove is an African-born, global mobility fintech that is democratising access to financial services for mobility entrepreneurs.

How does it work? It embeds an alternative credit scoring technology onto ride-hailing, logistics, mass transit, and instant delivery platforms, using proprietary performance and revenue analytics to underwrite customers that have previously been excluded from financial services. 

Read also: Moove raises $76 million equity and debt funding from Mudabala and Blackrock

The company currently operates in 13 markets across Africa, the Middle East, Europe and Asia, and is Uber’s largest vehicle supply partner across EMEA. Its customers have reportedly completed more than 28 million trips in Moove-financed vehicles to date.

Miguel Rodrigues as Chief Financial Officer

According to Moove, this appointment marks a significant milestone in the company’s scale-up journey, positioning it for financial and operational excellence. The company believes bringing Miguel on board would enhance its mission to democratise vehicle ownership across gig economies worldwide.

Miguel Rodrigues served as Chief Financial Officer at Creditas, where he played a pivotal role in the company’s growth. His tenure at Creditas, along with his previous experience at The Kraft Heinz Company and Goldman Sachs, equips him with unique insights and proven strategies that will be invaluable to Moove’s next phase of growth.

Now in the new role as Chief Financial Officer at Moove, Rodrigues will undertake a multifaceted strategy to enhance the company’s growth and profitability. With experience in managing capital-intensive lending businesses, Rodrigues will look to improve financial stability and oversee Moove’s assets, liabilities, and equity management.

Per the statement, Miguel’s primary focus will be on developing and executing initiatives that align with Moove’s goal of achieving profitability by the end of the company’s fiscal year. Additionally, Rodrigues brings proven expertise in accessing global capital markets, a skill that will be pivotal in securing diverse financing options in support of Moove’s continued expansion to new markets.

Comments from stakeholders 

Founder of Moove, Ladi Delano says the vision at Moove has always been to scale sustainably and efficiently. He said as the company’s commercial business has rapidly expanded, it has become clear that its finance function now needs to evolve at the same pace. Miguel’s appointment is a pivotal step towards aligning these aspects of our business. 

“His unparalleled expertise in finance and his proven track record in guiding companies through significant growth phases make him the ideal leader to not only catch us up but propel us forward. Just as we are committed to treating our customers with the utmost care, we aim to extend the same level of excellence to our vendors, suppliers and financial stakeholders.”

Ladi Delano, Founder of Moove

He added that Miguel’s role will be crucial in fast-tracking this commitment, laying a foundation for the path to profitability and long-term success.

The newly appointed Chief Financial Officer, Miguel Rodrigues says he is delighted to join such a dynamic and innovative company at this exciting stage of its growth trajectory. 

“My focus will be on accelerating Moove’s growth and driving the company towards a sustainable and profitable future, building on the solid foundation that has already been established.”