Photo - uils
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uils

Argentina
Market: Financial services
Stage of the project: Operating business

Date of last change: 30.04.2022
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Idea

We provide loans for mobility gig workers using their driving history as a credit score

Current Status

We launched our private beta in Jan 2022. We have 48 registered users, 110 issued loans and 7 paid subscribers.

Problem or Opportunity

1.5M mobility apps drivers are unbanked/underbanked, do not have their own vehicle and 92% do not have access to credit.

Solution (product or service)

We provide loans for mobility gig workers through a mobile wallet integrated with mobility apps that uses their driving history as a credit score.

Business model

We have a weekly subscription fee for minor loans at 0% interest and a traditional interest rate model for major loans.

Incubation/Acceleration programs accomplishment

Hero Training at Draper University.
CAF Acceleration Program by Endeavor.
Ignite 3 at Startup Chile by CORFO.
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Idea
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