Uber will offer loans to drivers and delivery people
THE Uber recently announced a loan for drivers and delivery people, an initiative that arose from the company's partnership with fintech Digio.
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According to the company, the initial format of the partnership will involve up to 1,000 drivers and delivery people from the app.
In this way, loans from R$ 1 thousand to R$ 5 thousand will be offered, with a payment term of 12 months and an interest rate of 2.97% per month.
According to information, the loan amount will be retained by Uber, within a banking market model very similar to the receivables lock – where the loan occurs using as a parameter the amounts that the other party should receive in the future – but the company will not be responsible for authorizing the loans and will also not receive part of the revenues from this operation.
An interesting point of this agreement is that payments can be made weekly, according to the drivers' revenue flow, and those who pay in advance will receive discounts on interest.
According to Digio's New Business Superintendent, this personal credit model can be scaled and will eventually reach other freelance professional services intermediation platforms.
“This applies to all types of service providers who have recurring receivables,” he said.
While for Digio, the loan for drivers and delivery people is an opportunity to expand its customer base within a low-risk negotiation, the deal also proves positive for Uber as a way to expand between the company and its partners, since the aim is to offer services to the entire base that is active within the app – around 1 million self-employed professionals.
