Peruvian startup Leasy secures $17M in debt, equity to provide auto loans to Latam ride-hailing drivers
Leasy, a startup that offers automobile financing to ride-hailing drivers in Latin America via a subscription model, has secured $2 million in equity and $15 million in debt. They founded Leasy in 2018 with the mission to help people who would like to earn incomes as ride-hailing drivers be able to afford cars, thus earning a steady income. Traditional financial institutions charge outrageous interest rates and require hefty down payments, making it nearly impossible for members of a lower-income population to afford to purchase their own car.