R2 is proud to announce the expansion of our partnership with inDrive, bringing seamless financial access to gig workers in Peru. With this latest rollout, drivers using inDrive can now access flexible cash advances directly through the platform, empowering them to cover vehicle maintenance, daily expenses, or unexpected costs without the barriers of traditional credit systems.
Peru is the latest addition to our growing partnership with inDrive, following successful implementations in Mexico (2023) and Colombia (2024). For many independent workers, securing financing remains a challenge due to the lack of formal credit histories and strict banking requirements. Our embedded lending platform solves this by offering a transparent and accessible process. Loan repayments are automatically deducted from trip earnings, capped at less than 10% per ride, maintaining financial stability for users.
What sets R2 apart is our ability to leverage real-time driver performance data rather than outdated credit scores. This approach enables us to provide financing opportunities to thousands of individuals who have been historically overlooked by traditional institutions. Our technology ensures a seamless, frictionless experience, with loan disbursements occurring directly within the inDrive app.
This expansion is another step forward in R2’s mission to build financial solutions that unlock economic opportunities and are very proud to help power inDrive’s fintech strategy across Latin America.
As we continue to scale, we remain committed to empowering platform workers with the capital they need to thrive. Stay tuned for more as we drive financial inclusion forward!
