inDrive Debuts inDrive Money in Colombia

inDrive, the global mobility platform operating in 46 countries and the world’s second most-downloaded mobility app, has launched inDrive Money in Colombia. This marks the company’s first financial product in the country, aimed at enhancing financial inclusion for drivers. Partnering with Latin American fintech R2, the service offers income-based financing of up to COP 1,000,000 (USD 240) in 17 cities across Colombia.

Integrated with the inDrive app, drivers can apply for loans, check balances, and make repayments as they earn. Loan payments are automatically deducted alongside inDrive commissions, allowing drivers to manage their finances easily.

Alina Zavorokhina, Head of Business and Product at inDrive Money, emphasized their commitment to providing more equitable financial solutions, while R2’s CEO Roger Larach praised the program for advancing financial inclusion based on driver activity rather than traditional credit history.

Following its success in Mexico, inDrive Money aims to support drivers in growing their business and improving their financial well-being.