$150M Revenue & $500M Capital: Transforming Mobility Markets with Financial Inclusion w/ Tingting Peng, Moove

Billion Dollar Moves™ with Sarah Chen-Spellings | Global Venture Capital

This week, we sit down with Tingting Peng, the Chief Transformation Officer of Moove, the African-born fintech tackling financial inclusion through innovative mobility solutions. With over $500 million raised in equity and debt financing, and a customer base of 30,000 drivers across global markets, Moove is redefining vehicle ownership and creating pathways to economic empowerment.

Tingting shares her incredible journey — from navigating the high-stakes world of hedge funds to embracing purpose-driven leadership at Moove. She opens up about the pivotal moments that shaped her career, including the global financial crisis and her mid-career pivot into social enterprise. We also dive into her role in scaling Moove’s operations to $150 million in annual recurring revenue, building strategic partnerships with giants like Uber, and driving innovation in emerging markets.

Get ready for a masterclass on resilience, leadership, and the power of purpose in building a successful business!

Timestamps / Key Takeaways

0:00 - Intro

02:36 - Billion Dollar Questions

04:52 - The pivots in Tingting’s career - from hedge fund manager to yoga teacher to today’s Moove

08:46 - The journey of becoming the first executive hired of a Nigerian-founded startup

11:10 - Leadership qualities to seek in founders; the co-founder dynamics

15:56 - Driving financial inclusion in mobility industry; obstacles faced and solutions provided in Nigeria

22:03 - Surprising learnings from gender analysis; managing volatility in different markets

27:03 - Pulling out from Egypt and Kenya: key learnings

31:40 - Strategic partnership with Uber and beyond

34:38 - Building a global business from early - partnership with OEM and making impact

40:23 - Hardest lessons learned; “always in fundraising mode”

About Tingting

Tingting is Chief Capital, Strategy, and Impact Officer at Moove, a mobility fintech focused on revenue-based financing for gig workers globally. She is also an angel investor and advisor to startups across healthtech, climate tech, HR tech and fintech.

As a former investment banker, hedge fund analyst and private equity investor, Tingting has extensive experience across private markets asset classes and a passion for building and scaling impactful businesses at the intersection of tech, finance, and wellbeing. She is a graduate of MIT with an MBA from London Business School. Tingting is a member of the Milken Institute’s Young Leaders Circle and has been recognised by Fintech Magazine as a Top 100 Women in Fintech 2023 and by the Financial Technology Report as a Top 25 Women Leader in Financial Technology of 2022.

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