Since it began to provide financial services three years ago, the firm has granted more than US$ 540,000 in fully-digital loans.
As part of its strategy to expand its financial services offering, mobility giant DiDi México revealed it has received official approval to acquire JP Sofiexpress, a popular Mexican sofipo (financial services company).
The operation, which began to take shape at the end of last year, will allow the mobility firm to strengthen its financial services offer, currently focused on consumer credit, and thus, "develop an ecosystem that promotes financial inclusion."
"DiDi México identified that JP Sofiexpress is the financial entity that best aligns with business objectives, thanks to its solid experience in the market. Current clients of JP Sofiexpress are reassured that they will be able to continue using services, as "DiDi México is committed to maintaining continuous communication with them, guaranteeing a high quality service on an ongoing basis," the firm reported in a statement.
Since it started financial services operations three years ago, Didi has provided more than US$ 540,000 in loans, in a fully digital manner.
According to the firm, the technological operation to grant loans has been crucial for its expansion of financial services, since the process takes around 10 minutes and can be done from a cell phone.
In addition, the firm requests personal information from the potential client such as name, address, account information, and two references. It also asks to upload a picture of the identification document to validate the information and determine the amount to lend.
It is complemented with sofipo
By having a sofipo license, DiDi México will be able to expand its offer towards products that collect savings from the general public, which will allow it to fund its credit operations.
JP Sofiexpress was authorized to establish and operate as a sofipo since November 2009 and until December of last year it had 7,872 clients, 19 branches and assets of US$ 12.9 million, that is, just 0.33% of the sofipos total.
Last September, the current portfolio of this entity totaled US$ 10.5 million, with a delinquency rate of 5.09%.
It is expected that the acquisition of JP Sofiexpress by DiDi México will be consolidated in the coming months.
