Uber Invests in Latin American Motorcycle Lender Galgo to Finance Gig Workers
The partnership will start in Mexico and later expand to Chile and Colombia, while funding technology and artificial intelligence, Galgo said.
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Uber Technologies Inc. is investing in a Chilean fintech specialized in granting credit for the purchase of motorcycles, marking the company's latest expansion in the vehicle financing sector. The American company is betting on Galgo, an eight-year-old company that started lending money to Venezuelan migrants in Chile and now meets the growing demand for motorcycles in Mexico and Colombia, in addition to its smaller home market. The agreement wi…
Uber invests in Latin American motorcycle lender Galgo to finance gig ...
Roberto Lazzeri, Ambassador of Mexico, met with US officials to discuss the use of AI as an investment attractor.
China's investments in Latin America and the Caribbean grab headlines, but while the United States has long been the region's largest investor, less is known about where those investments go. New data shows which countries and sectors receive the most U.S. investment, and how that investment impacts local economies. The post Mapping U.S. Investment in Latin America and the Caribbean appeared first on Atlantic Council.
Galgo received advice from Bank of America for the transaction with Uber. To date, it has invested more than $400 million in credit
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