inDrive partners with Fingular, launches its first APAC fintech service in Indonesia

• Driver have access to up to US$607,500 funded by Ammana
• Enable drivers to cover urgent expenses like vehicle repairs & daily necessities

inDrive, a global mobility and urban services platform, in strategic collaboration with Fingular, a Singapore-based global financial group, and Indonesian licensed shariah peer-to-peer lending platform Ammana, has launched inDrive.Money in Indonesia, a financial service designed to support drivers. 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.

Following successful launches in Mexico and Colombia, Indonesia becomes inDrive’s first APAC market to introduce this financial solution, helping drivers cover urgent expenses such as vehicle repairs and daily necessities.

Gig workers worldwide struggle to access financial services due to their informal employment status, and Indonesian drivers are no exception. Traditional financial institutions often require proof of income, making it difficult for gig workers to secure financing, forcing them to rely on alternative lenders with high commissions.

To address this gap, inDrive and Fingular, focused on financial inclusion and improving the quality of life for the financially underserved, introduce a universal, scalable technology that delivers fair and transparent financial services. The solution provides drivers with seamless access to cash funding for urgent expenses, all integrated directly within the inDrive app.

Repayments are deducted per ride at a 10–15% commission, with a three- to five-month repayment period and personalised monthly payments. Leveraging a decade of experience with its driver ecosystem, inDrive uses ride frequency, monthly income, and other key data points to assess 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 financial services, where gig workers are often excluded due to legacy credit scoring models that do not accommodate their needs.”

Early marketing data from an inDrive driver survey showed strong demand, with 80% of drivers expressing interest in the sector-tailored financial product after receiving promotional offers.

The pilot phase of inDrive.Money began in late 2024, allowing partners 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 accessed funding demonstrated higher engagement and retention, sharing overwhelmingly positive feedback and calling the service a lifeline in times of unexpected expenses, enabling them to continue driving without disruptions.

“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 company sees significant growth potential in ride-hailing and urban services, with further plans to expand its offerings in the country.