inDrive Launches inDrive Money in Colombia
Hey Fintech Fanatic!
inDrive takes another step towards financial inclusion by launching its first financial product in Colombia—inDrive Money. As the world’s second most-downloaded mobility app, inDrive is expanding its mission to challenge injustice by offering gig economy workers, particularly drivers on its platform, an opportunity to access flexible income-based financing.
This new initiative, powered by a partnership with R2, a Latin American FinTech specializing in SME financing, offers loans of up to COP 1,000,000 (USD 240) for a flexible period of 3 to 5 months, depending on their activity on the inDrive app, to drivers in 17 cities across Colombia.
With seamless integration into the inDrive app, drivers can now manage their finances effortlessly while continuing to earn as usual. This move comes after a successful launch in Mexico earlier this year and signals inDrive’s commitment to ensuring financial freedom and equity for its service providers.
As inDrive continues to expand its financial offerings, it’s clear they’re not just moving people—they're moving the needle on financial empowerment in Latin America.
And now, into the news...
Cheers,
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