57162
uils
Argentina
Market:
Financial services
Stage of the project:
Operating business
Date of last change:
30.04.2022
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uils
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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
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Invested in previous rounds, $
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