LAGOS, March 19 (Reuters) - Moove, which was founded in Nigeria and provides revenue-based vehicle financing, said on Tuesday it had raised $100 million in a latest funding round, valuing the company at $750 million.

Launched in 2020, Moove uses a credit scoring system to provide vehicle financing to customers to purchase new vehicles for ride hailing, logistics and deliveries using a percentage of their weekly revenue.

The Series B funding was backed by Uber and existing investors like Mubadala, which backed Moove in last year's round.

With the latest financing, United Arab Emirates-headquartered Moove will expand its vehicle financing offering to 16 markets globally by the end of 2025, the company said in a statement.

Ladi Delano, who founded Moove, said with the latest funding the startup would bring 45,000 new vehicles to its platform.

"This funding milestone not only expands our operational capacity but also supports our drive to profitability by the next financial year," said Delano

"This validation from Uber and others stands as a testament to the fact that what was once a dream is now a palpable reality."

Since its launch, Moove has raised a total of $250 million in equity funding while $210 million has come from debt funding. (Reporting by MacDonald Dzirutwe Editing by Mark Potter)