R5
About R5
R5 aims to address the insurance and loan needs of underserved consumers and ultimately improve their financial health and resilience. The company uses artificial intelligence, technology that enables them to offer products such as the online sale of SOAT, loans with vehicle guarantees, intended for free investment, portfolio purchases, capital for new businesses, and home remodeling. It provides loans, insurance, and services designed to save Colombians money and pain in all aspects of their vehicle, allowing them to allocate more resources to improve their lives. R5 generates revenue through three products: free investment credit with collateral, a credit solution for the purchase of used vehicles that grants preferential loans, and the digital SOAT.
Company Metrics
- Employees: 51-100
- Monthly Visits: 630704
- Tech Stack: 11 active products
Financial Information
- Estimated Revenue: $1M to $10M
- Total Funding: 7000000 USD
- Last Funding: 7000000 USD (Series A)
- Funding Status: Early Stage Venture
Technology Stack
R5 actively uses 11 products in their tech stack.
Market Presence
Industries: Commercial Lending, Consumer Lending, Financial Services, Lending, Professional Services
Headquarters: Bogotá, Distrito Especial, Colombia
Leadership
- Fernando Sucre - Founder and CEO LinkedIn