InDrive Explores Offering Financial Services to Drivers in Developing Markets
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InDrive is exploring offering financial services like small loans to its drivers in developing markets to provide them with more financial stability.
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The company is in early stages of piloting financial services partnerships in these markets.
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InDrive launched a $100 million program last year to invest in small businesses in emerging markets where it operates.
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The company recently expanded into the U.S. market, launching its service in Miami, but expansion plans remain nascent.
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InDrive's president Mark Loughran says the company is on a path to profitability as it works to scale up operations.