Indonesia drivers can now access cash loans via inDrive app

By Gloria Methri

inDrive has collaborated with Singapore’s Fingular and Sharia peer-to-peer lending platform Ammana to launch inDrive.Money to support drivers in Indonesia. Through the inDrive app, drivers can access cash funding of up to 10,000,000 Rp, funded by Ammana, and repay it seamlessly through their rides.

Following successful launches in Mexico and Colombia, Indonesia became inDrive’s first APAC market to roll out this accessible financial solution. It helps 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 of the financially underserved, introduce universal and scalable technology that delivers a fair and transparent financial service. This technology 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 have 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.”

The pilot phase of inDrive.Money began in late 2024, allowing partners to tune Fingular’s embedded financing technology and refine the 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.

“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.