The partnership is supporting financial inclusion in the gig economy in Mexico.
Today Sumsub, a full-cycle verification platform that enables scalable compliance, announced its partnership with inDrive.Money, a personal loan solution for drivers developed by the global mobility and delivery platform inDrive. Sumsub will now provide user verification and fraud prevention solutions for inDrive.Money in Mexico.
When applying for InDrive.Money loans, drivers will now get verified by Sumsub. The integration is aimed at ensuring smooth and secure user onboarding in full compliance with regulations, improving user experience and reducing false rejections, thus assisting gig workers in getting access to investment and financial freedom otherwise unavailable or much more difficult to obtain though traditional banking.
In a broader global context, digital exclusion represents a huge issue that is both a societal injustice and a missed economic opportunity. According to Sumsub research conducted by Catalyst Group, there are about 627 million people – more than the populations of the U.S. and Brazil combined – who are unfairly excluded from essential digital services due to various verification barriers. So companies that implement innovative verification solutions are in fact contributing to a more inclusive and people-friendly digital future for all.
By integrating Sumsub’s document verification and proprietary Liveness processing capabilities, inDrive.Money aims to enhance trust and platform security. Combined with local database checks, Sumsub’s identity verification tools allow inDrive.Money to ensure the highest possible approval rates, with only high-risk applicants being denied access to loans. This alliance will help both companies reinforce the region’s strategic importance for their business growth and innovation initiatives.
“As digital ecosystems in Mexico and other LATAM countries continue to evolve, trusted user onboarding is critical. Our technology is designed to help partners like inDrive.Money enter new markets confidently and maintain the highest standards of compliance and user experience,” says Miguel Gonzalez, Country Manager for Mexico at Sumsub. “By providing secure and seamless verification for drivers, we are supporting financial inclusion while ensuring that inDrive.Money can grow safely and stay resilient against fraud.”
“At inDrive.Money we are focusing on providing the best in class financial services for our drivers across the globe. Sumsub’s solutions helped us to enhance our compliance procedures while simultaneously decreasing friction in accessing the loans, thus making the product even more accessible for our audience,” adds Alexander Karpin, Head of Business Operations at inDrive Money. “We had received a lot of positive feedback from our customers saying that applying for the loan became faster and more convenient. In addition, we endorse Sumsub’s solutions flexibility being easy to integrate and configure even for complex business scenarios.”
About inDrive
inDrive is a global mobility and delivery platform. The inDrive app has been downloaded over 400 million times, and has been named the second most downloaded ride-hailing app for the fourth consecutive year. In addition to ride-hailing, inDrive provides an expanding list of services, including intercity transportation, delivery, and financial services. In 2023, inDrive launched New Ventures, a venture and M&A arm.
inDrive operates in over 1,100 cities in 48 countries. Driven by its mission to challenge injustice through fair choices, inDrive is committed to having a positive impact on people’s lives. It pursues this goal both through its core business, which supports local communities via a fair pricing model, and through the work of its impact programs.
For more information visit www.inDrive.com
