Alta and inDrive partner to finance vehicles for app-based drivers in Medellín

FinanceColombiaEl TiempoNov 2, 2026, 11:49 AMAI summary

Colombian fintech Alta and mobility platform inDrive signed an alliance to ease access to financing for work vehicles for digital app drivers in Medellín and the Aburrá Valley. Alta assesses repayment capacity using variables such as generated income, number of trips, ratings received and driver tenure. The offer includes private, cargo and special-service vehicles, plus motorcycle leasing with a purchase option. The fintech projects 50 billion pesos in loans in Medellín by 2027.

In 35 seconds

Alta and inDrive will offer vehicle financing to app drivers in Medellín and the Aburrá Valley.
Alta's model assesses income, number of trips, ratings and time on the platform instead of payroll or a formal contract.
The offer covers private, cargo and special-service vehicles, and motorcycle leasing with a purchase option.

Read the full story at El Tiempo

IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

fintech
crédito
movilidad
Medellín
inDrive

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Alta and inDrive partner to finance vehicles for app-based drivers in Medellín

In 35 seconds

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Keep reading

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