Uber invests in Chilean fintech Galgo to expand motorcycle financing in Latin America
Uber invested an undisclosed amount in Chilean fintech Galgo as part of a strategic partnership to expand motorcycle… The post Uber invests in Chilean fintech Galgo to expand motorcycle financing in Latin America appeared first on LatamList .
Chilean fintech Galgo has secured an undisclosed investment from Uber as part of a strategic partnership aimed at expanding motorcycle financing for drivers and delivery partners across Latin America. The collaboration will commence in Mexico and will later extend to Chile, Colombia, and other markets in the first quarter of 2027.
Established in 2018, Galgo specializes in providing motorcycle sales and financing to consumers who face difficulties obtaining traditional credit. Operating in Chile, Colombia, and Mexico through over 2,000 partner dealers, Galgo has aided in financing more than 200,000 individuals and approximately 7,500 motorcycles each month.
The company has also raised over $100 million in equity and accrued credit lines worth more than $350 million. Galgo's revenue is projected to grow by 50% annually, and it achieved net income breakeven in its most recent quarter.
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