- Driver have access to up to US$ 607, 500 funded by Ammana
- Direct drivers to cover immediate expenses like automobile repairs &, everyday necessities
inDrive, a global mobility and industrial services system, in strategic cooperation with Fingular, a Singapore-based global economic group, and Indonesian licensed halal peer-to-peer lending platform Ammana, has launched inDrive. Cash in Indonesia, a monetary service designed to support vehicles. Through the inDrive app, drivers can access cash funding of up to US$ 607, 500 ( RM2.7 million ), funded by Ammana, and repay it seamlessly through their rides.
InDrive’s first APAC market to offer this economic solution, which helps drivers pay for urgent expenses like car repairs and routine necessities, is after effective launches in Mexico and Colombia.
Indonesian drivers make no exceptions when it comes to Gig workers ‘ access to financial services. Traditional financial institutions frequently require income verification, which makes it challenging for gig workers to safe funding and requiring them to rely on other lenders with large commissions.
To solve this gap, inDrive and Fingular, focused on financial inclusion and improving the quality of life for the fiscally underprivileged, present a general, robust technology that delivers good and open financial services. Drivers are immediately able to access funds for immediate expenses thanks to the solution, which is integrated directly into the inDrive software.
Payments are deducted per walk at a 10–15 % commission, with a three- to five-month payment period and personalised monthly payment. Leveraging a generation of practice with its driver habitat, inDrive uses ride frequency, monthly income, and other important data points to examine drivers ‘ creditworthiness, allowing its partners to offer fairer funding terms.
” 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”, said Mark Loughran, group president at inDrive. We are now addressing a similar injustice in the financial services sector, where gig workers frequently are exempt due to outdated credit scoring systems that do not meet their needs.
Strong demand was identified from an early marketing survey of inDrive drivers, with 80 % of drivers expressing interest in the sector-tailored financial product after receiving promotional offers.
The pilot phase of inDrive. Late in 2024, partners began receiving funding to fine tune Fingular’s embedded financing technology and refine product parameters based on local drivers ‘ needs. After a gradual rollout in major cities, the service is now available in Pematangsiantar, Purwakarta, Sukabumi, Makassar, Ternate, Garut, Bali Island, Palembang, Bukittinggi, Surabaya, Bandung, and Jakarta.
Drivers who received funding reported higher engagement and retention, sharing overwhelmingly positive feedback, and using the service as a lifeline when there were unexpected expenses to keep driving without interruptions.
” 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 reflects 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, Indonesia remains a key strategic market for inDrive. The business sees strong growth potential in urban and ride-hailing services, and it intends to expand its offerings in the nation.