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§ Private Profile · São Paulo, Sao Paulo, Brazil
Mobile app for Brazilian drivers managing vehicle documentation, fines, taxes, and offering insurance and loans.
Gringo is a São Paulo, Brazil-based mobile application that centralizes vehicle and documentation management for Brazilian drivers, offering services like fine and tax monitoring, driver's license point tracking, and payment solutions. The platform has attracted over 10 million drivers, with 80% active every four months, and recorded more than 5 million downloads in its first year. Gringo has secured significant capital, including an $8 million round in 2021 led by Kaszek, and a subsequent R$150 million (approximately $29 million) round led by Valor Capital to expand its credit and insurance offerings. Its business model monetizes through credit products, insurance, and loans, with additional investors including GFC, OneVC, and VEF. The company was founded in 2019 by Rodrigo Colmonero.
Gringo has raised $90.5M across 5 funding rounds.
Gringo has raised $90.5M in total across 5 funding rounds.
Gringo is a Brazilian technology company founded in 2019 that operates a super app for car drivers and motorcycle owners, simplifying vehicle management through digital services.[1][2][3] It addresses bureaucratic hassles by offering free monitoring of vehicles and driver's licenses, documentation issuance, traffic fine payments with installment options, embedded automotive credit, insurance, and a marketplace for related financial products, serving over 246 employees and generating $21 million in revenue with $38 million total funding, including a $30 million Series C round.[1][2][3] The app has become Brazil's #1 driver app, driving 4x growth by fostering user engagement through data accumulation and partnerships with top auto lenders and insurers.[3]
Gringo was founded in 2019 in São Paulo, Brazil, initially focusing on vehicle documentation services like tracking licenses, registrations, taxes, and traffic violations to ease painful bureaucratic processes.[1][2][3][4] The founders, including the CEO and COO, leveraged technology and data to create a concierge-like platform that evolved from monitoring to financial solutions, such as debt settlements with flexible payments.[3][4] Early traction came from expanding into embedded auto equity loans and insurance in 2022, supported by investors like VEF (leading a $34 million round) and Kaszek, culminating in a $30 million Series C amid challenging markets, positioning it as Brazil's first fully embedded vehicle finance platform.[2][3]
Gringo rides the embedded finance trend in Latin America's massive automotive sector, transforming Brazil's fragmented, bureaucracy-heavy vehicle management—worth billions in fines, taxes, and insurance—into a delightful digital experience.[3][4] Timing aligns with rising smartphone penetration and demand for super apps in emerging markets, where drivers face ongoing pains in licensing and financing; market forces like digital payment adoption and insurer partnerships favor its scale.[2][3] It influences the ecosystem by aggregating data for better matchmaking, onboarding dealerships and rental firms, and pioneering fully embedded auto solutions, potentially disrupting traditional players and enabling cross-sells in a $28 billion+ opportunity.[3]
Gringo's Series C positions it to aggressively scale credit and insurance in 2024, deepening partnerships and launching features for drivers' full vehicle lifecycles.[2][3] Trends like AI-driven personalization and Brazil's auto market digitization will propel growth, evolving its influence from documentation leader to dominant embedded finance hub. As Brazil's #1 driver app, expect further market share gains, tying back to its core mission of delightful, data-powered car ownership.[3]
Gringo has raised $90.5M across 5 funding rounds. Most recently, it raised $12.5M Series C Extension in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 4, 2024 | $12.5M Series C Plus | — | — | Announced |
| Sep 1, 2023 | $30M Series C | — | Amadeus Capital Partners, FinTech Collective, Kaszek Ventures, Tiger Global Management | Announced |
| Mar 1, 2022 | $38M Series B | VEF | Latitud, Pareto Holdings, Manoela Mitchell, Oliver Jung, Ricardo Weder, RON Pragides, Thiago Torres, Zachary Sims | Announced |
| Oct 1, 2021 | $8M Series A | Kaszek Ventures | Amadeus Capital Partners, FinTech Collective, Grão Venture Capital, Tiger Global Management, Unbox Capital | Announced |
| Aug 1, 2020 | $2M Seed | — | Sergio Furio | Announced |
Gringo has raised $90.5M in total across 5 funding rounds.
Gringo's investors include Amadeus Capital Partners, FinTech Collective, Kaszek Ventures, Tiger Global Management, VEF, Latitud, Pareto Holdings, Manoela Mitchell, Oliver Jung, Ricardo Weder, Ron Pragides, Thiago Torres.