Lagos-based mobility fintech startup, Moove, is on the cusp of joining the coveted unicorn club after announcing plans to raise $300 million in equity funding.

This move is expected to propel the company’s valuation beyond $1 billion, solidifying its position as one of Africa’s most promising startups.

Moove’s innovative financing model, which links repayments to drivers’ earnings, has fueled its rapid growth.

The startup has expanded to 13 markets, including the UAE, India, and Mexico, and has helped drivers get cars without upfront capital since its launch in 2020.

With over $409 million already raised in debt and equity, Moove’s growth trajectory is impressive.

The startup’s annual revenue has surged from $115 million to $360 million in just over a year, demonstrating its potential for further expansion.

This growth has been driven by its core business of vehicle financing for ride-hailing drivers and its growing fleet management operations in the US.

The planned funding round will support Moove’s expansion in key growth markets and help it scale its electric vehicle (EV) fleet offerings.

The company has already made significant strides in the EV space, managing fleets of autonomous vehicles in Phoenix and Miami for Waymo, Alphabet’s self-driving vehicle division.

Moove’s success story is a testament to the growing confidence of investors in African startups.

The company joins a select club of African startups, including Flutterwave, Andela, and Chipper Cash, that have reached billion-dollar valuations while building solutions from the continent for the world.

Washington DC – May 12, 2025 – Kimma Wreh, Chief Information Security Officer (CISO), Excel Global Media Group Inc., has earned the ANSI-accredited designation of Certified Information Privacy Manager (CIPM) through the International Association of Privacy Professionals (IAPP).

As CISO, Wreh leads the organization’s global information security strategy, IT compliance initiatives, and privacy risk management programs. She is instrumental in developing and implementing data protection policies, conducting privacy impact assessments, and ensuring compliance with international privacy regulations. Her leadership in establishing privacy governance frameworks and training programs has helped Excel Global Media Group maintain a trusted and resilient digital ecosystem.

Privacy professionals are the arbiters of trust in today’s data-driven global economy.  They help organizations manage rapidly evolving privacy threats and mitigate the potential loss and misuse of information assets.  The IAPP is the first organization to publicly establish standards in professional education and testing for privacy and data protection.  IAPP privacy certification is internationally recognized as a reputable, independent program that professionals seek and employers demand.

The CIPM credential demonstrates Wreh’s mastery of privacy program governance and her ability to manage the entire lifecycle of a privacy program—from initiation to ongoing management and continuous improvement. The CIPM is the first and only globally recognized certification in privacy program management. Wreh now joins the ranks of more than 10,000 professionals worldwide who hold one or more IAPP certifications.

“Kimma’s achievement of the CIPM certification reinforces our organization’s commitment to protecting personal data and ensuring privacy compliance at every level,” said Boniface Ihiasota, CEO at Excel Global Media Group. “Her expertise plays a vital role in building digital trust with our customers and partners around the world.”

About Excel Global Media Group Inc

Excel Global Media Group Inc. is a multimedia company committed to producing innovative digital content and publishing across platforms including television, print, streaming, and web. The organization also champions global cybersecurity awareness and education, with a focus on strengthening information security and privacy practices through training, technology, and media.  More information about Excel Global Media Group is available at https://excelglobalmediagroup.com/it-cybersecurity-consulting/.

About the IAPP

The International Association of Privacy Professionals (IAPP) is the largest and most comprehensive global information privacy community and resource. Founded in 2000, the IAPP is a not-for-profit organization that helps define, support and improve the privacy profession globally. More information about the IAPP is available at www.iapp.org.

A growing number of WhatsApp users in India are falling prey to hacking, with experts warning of a rising threat to online security. Shantanu Gupta, a noted author and political analyst, recently had his WhatsApp account hacked, highlighting the vulnerability of the popular messaging platform. Gupta’s account was compromised during a routine train journey, with the hacker gaining access to his contacts and sending messages demanding money.

Despite regaining control of his account within hours with the help of the police, Gupta expressed frustration with Meta, WhatsApp’s parent company, and his network provider, Airtel, for their lack of support and security measures. “What shocked me was how easily my account was compromised,” Gupta said. “All they needed was my phone number and access to the voice OTP, and they could configure WhatsApp on another device. It’s unsettling that my network provider didn’t even verify or send a warning SMS before allowing such a crucial call to be redirected.

“Gupta’s experience is not an isolated incident. Manish, another WhatsApp user, has been facing a strange issue where his account is taken over every night, with unusual activity occurring, including the creation of WhatsApp groups with unknown numbers. Despite enabling two-factor authentication, Manish has been unable to prevent the hacking.

“I’m at my wit’s end,” Manish said. “Every morning, I have to request a review from WhatsApp and regain access to my account. It’s like someone is playing a game with me, and I don’t know how to stop it. “Experts warn that WhatsApp hacking is a growing threat, with attackers using social engineering, technical exploits, and SIM-based attacks to hijack accounts.

Common hacking methods include OTP phishing, SIM swapping, WhatsApp Web hijacking, and call merging scams. “WhatsApp hacking is a serious concern, and users need to be aware of the risks,” said Gautam Kumawat, a professional hacker and founder of Hacking Flix.

“Attackers are using sophisticated methods to gain access to accounts, and users need to take proactive steps to protect themselves.” To safeguard against these threats, experts recommend enabling two-factor authentication, using a SIM PIN, regularly checking linked devices, and being cautious when receiving unexpected OTPs or calls.

Users should never share their six-digit PIN with anyone, not even friends or family,” said Shiv Raj, Additional Superintendent (ASP), Banda district, a cybercrime expert and PPS officer of Uttar Pradesh Police. “They should also be wary of suspicious links or messages asking for personal information.”

In response to the growing concern, a Meta spokesperson emphasized the company’s commitment to user safety, advising users to never share their six-digit PIN and to enable two-step verification for added security.

“WhatsApp continues to invest in technology, safety tools, and resources to help users safeguard themselves from online scams,” the spokesperson said. “We advise people to be cautious when receiving un-expected OTPs or calls and to report any suspicious activity to us immediately.”