TLDR Tech / Fintech
Uber invests in Chile fintech in push into motorbike loans
Uber is backing Chilean fintech Galgo, which has deployed more than $400 million in credit and will develop lower-cost motorcycle financing exclusively for Uber delivery workers. Galgo, now profitable and generating roughly $100 million in annualized revenue, plans to enter another Latin American market next year and use the partnership to invest further in technology, data, and AI. The deal extends Uber's push into vehicle financing after its 2024 investment in mobility fintech Moove.
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