Curated News
By: NewsRamp Editorial Staff
August 21, 2025
inDrive Launches Digital Loans for Brazilian Drivers via App Partnership
TLDR
- inDrive drivers in Brazil gain access to quick R$3,000 loans through their app, providing financial advantage for vehicle repairs and operational expenses.
- inDrive partners with EmpreX to offer loans repaid automatically via 10-14% of each ride value, with five-month terms and flexible payment options.
- inDrive.Money promotes financial inclusion for Brazilian drivers, offering fair loans to support livelihoods and combat economic injustice in underserved communities.
- inDrive launches digital loans in Brazil, integrating financial services directly into their ride-hailing app across 90 cities including Manaus and Fortaleza.
Impact - Why it Matters
This development addresses a critical gap in financial inclusion for gig economy workers in Brazil, where traditional banks often exclude drivers due to insufficient credit history while informal loans carry exorbitant rates. By providing accessible, low-interest financing integrated directly into their earning platform, inDrive and EmpreX are empowering drivers to maintain their vehicles and livelihoods without resorting to predatory lending. This not only stabilizes income for thousands of drivers but also contributes to safer and more reliable transportation services for Brazilian consumers, while supporting broader economic stability in the gig economy sector.
Summary
Global mobility platform inDrive has launched its financial service inDrive.Money in Brazil, partnering with Latin American fintech EmpreX to provide cash loans of up to R$3,000 (USD 548) specifically for drivers. This innovative offering integrates directly within the inDrive app, the world's second-most downloaded ride-hailing application, allowing drivers to apply for and repay loans seamlessly through their earnings. The partnership with EmpreX, which specializes in financing for small businesses and service providers, enables a transparent lending process where approximately 10-14% of each ride's value is automatically allocated toward repayment, providing flexibility without fixed daily commitments.
Alexander Kurchin, Head of Growth at inDrive.Money, emphasized that Brazil represents one of their most important markets globally, with hundreds of thousands of driver partners relying on the platform for income. The service builds on successful implementations in Mexico, Colombia, and Peru, offering a proven financial tool that strengthens economic independence. Stefano Mazzaferro, Country Manager of inDrive in Brazil, highlighted that unlike credit card-based solutions, their model operates with low-interest loans, representing a significant differentiator in Brazil's mobility landscape and reinforcing their mission to combat injustices and expand freedom of choice for drivers.
Initial operations demonstrate strong engagement and satisfaction, with 86% of borrowers indicating they would take another loan and recommend the solution. The service is currently available in approximately 90 Brazilian cities, including major centers like Manaus, Fortaleza, and Salvador, with plans to expand to all cities where inDrive operates. Silvan Roth, CEO of EmpreX, noted that by integrating credit directly into the inDrive app, they're transforming complex workflows into simple taps, putting real working capital in drivers' pockets exactly when needed for vehicle repairs, fuel, or unexpected expenses.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, inDrive Launches Digital Loans for Brazilian Drivers via App Partnership
