Grupo R5 operates an online platform for consumer loans and car insurance in Colombia, offering SOAT (mandatory auto insurance), Tecnomecanica (vehicle inspection) scheduling, and a vehicle management super app. The platform enables drivers to purchase SOAT online with delivery by email in 5 minutes, pay via PSE or credit card, and manage vehicle obligations including fine alerts, pico y placa (driving restrictions) notifications, license renewal reminders, and vehicle price alerts. R5 serves over 2 million drivers with a 4.8-4.9 app rating across Apple Store, Google Play, and Trustpilot. The company partners with multiple insurers regulated by Colombia's Superfinanciera and offers anti-theft protection and life insurance products. Founded in 2018 and headquartered in Bogota, Colombia, Grupo R5 has raised $7M in Series A funding from investors including Global Founders Capital, Magma Partners, Carao Ventures, Accion, and Endeavor.
Grupo R5
Series AGrupo R5 operates an online platform for consumer loans and car insurance in Colombia, offering SOAT (mandatory auto insurance), Tecnomecanica (vehicle inspection) scheduling, and a vehicle management super app. The platform enables drivers to purchase SOAT online with delivery by email in 5 minutes, pay via PSE or credit card, and manage vehicle obligations including fine alerts, pico y placa (driving restrictions)…
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Alternative Lending > Online Lenders > Consumer Loans > Diversified > Direct Lender,
Internet First Insurance Platforms > Internet First Insurers > P&C > Auto,
Auto E-Commerce & Content > Insurance > Internet First Insurer,
Connected Vehicles > Vehicle Telematics > Usage Based Insurance > Internet First Insurers,
Auto Retail & Aftersales > Financial Services > Finance > Insurance > Internet First Insurer
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