Grupo R5
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)…
Funding snapshot
About
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.
Business model
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
Institutional investors
Backed by funds in our directory
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