Indonesia – inDrive has partnered with the Singapore-based financial group Fingular and Indonesia’s Sharia-compliant peer-to-peer lending platform Ammana to launch inDrive.Money, providing drivers in Indonesia with seamless access to cash funding through the inDrive app.
inDrive.Money aims to ease financial challenges for gig workers, who often struggle to access traditional services due to informal employment. Indonesian drivers face similar barriers, as many lenders require proof of income, pushing them toward high-commission alternatives.
With inDrive.Money, drivers in Indonesia can access cash funding of up to 10,000,000 Rp through the inDrive app, with financing provided by Ammana. Repayments are deducted per ride at a 10-15% commission, with a repayment period of three to five months and flexible monthly installments.
Furthermore, inDrive will evaluate drivers’ creditworthiness based on ride frequency, monthly income, and other key data points, enabling its partners to provide more equitable funding terms.
Mark Loughran, group president at inDrive, shared, “We’ve already disrupted the ride-hailing industry by introducing a people-centric pricing model, allowing passengers and drivers to negotiate fares instead of relying on opaque algorithms. We are now addressing a similar injustice in financial services, where gig workers are often excluded due to legacy credit scoring models that do not accommodate their needs.”
After launching in Mexico and Colombia, inDrive.Money has expanded to Indonesia, marking its first APAC rollout. The pilot phase began in late 2024, allowing partners to refine Fingular’s embedded financing technology based on local drivers’ needs.
Following a phased introduction in major cities, the service is now available in Pematangsiantar, Purwakarta, Sukabumi, Makassar, Ternate, Garut, Bali Island, Palembang, Bukittinggi, Surabaya, Bandung, and Jakarta.
“We are excited to support inDrive in our common mission to challenge financial injustice by offering the most accessible, transparent, and people-centric financial technologies and services,” said Maxim Chernuschenko, CEO of Fingular.
“This strategic partnership is not just about achieving immediate financial goals but is a testament to a long-term vision for the financial future, where justice, innovation, and customer satisfaction drive every decision,” added Vadim Gurinov, a Cypriot investor and strategic backer of Fingular.
Beyond this initiative, inDrive also views Indonesia as an important market with opportunities for growth in ride-hailing and urban services. The company plans to expand its offerings in the country.