Founded in 2020 in Brazil, Mottu specializes in motorcycle rentals tailored for underserved communities. By offering affordable access to motorbikes, Mottu enhances financial inclusion and creates opportunities for gig workers in the region.
Expanding into Mexico in 2022, Mottu leveraged its strong market position in Brazil to address a critical gap in financial accessibility. The company’s mission is to foster economic opportunities for underserved individuals—particularly those with low incomes, poor credit histories, or limited access to traditional financial services. By providing motorbikes with low upfront costs and manageable weekly payments, Mottu empowers gig workers to generate income and achieve financial stability.
The $30 million facility (10 million committed + 20 million uncommitted) from Lendable represents a strategic investment in Mottu’s mission, supporting a high-growth fintech with a proven track record, experienced leadership, and backing from reputable investors. This funding will support Mottu’s presence in Mexico while furthering its commitment to financial inclusion in Latin America.
“Mottu is a company built on operational intensity and exceptional efficiency,” said Iñaki Garcia, Head of LATAM at Lendable. “With a strong presence in Brazil and its expansion into Mexico, Mottu showcases impressive growth while creating opportunities for individuals in underserved communities to generate income and improve their quality of life. Operating in the two largest markets in Latin America—Brazil and Mexico—we see tremendous untapped potential in the Mexican market, where motorcycles are not yet as prevalent as in Brazil, but where similar challenges create a significant opportunity. We are proud to support their expansion in Mexico to achieve the same success they’ve had in Brazil.”
About Mottu
Currently active in over 100 cities with a client base surpassing 95k users. Mottu’s innovative business model provides income-generating assets to individuals at the base of the economic pyramid, enabling them to participate in the gig economy despite financial barriers. Mottu operates a vertically integrated model, managing all aspects of its operations including importing, assembling, maintaining and repossessing motorbikes. As of December 2024, Mottu had around 3.5k employees who support their operations.
About Lendable
Lendable believes in creating a more equitable and sustainable world through data and finance. Lendable is a leading debt finance provider to market leading companies across pre-frontier, frontier and emerging markets that create access to new financial products and services for un- and under-banked populations. Lendable uses its proprietary technology, Maestro, to help investors understand risk and impact in the markets where it operates. Lendable’s team is based across over 10 countries giving an on-the-ground presence. To date, Lendable has disbursed over $577m as of December 2024.
Lendable Group consists of Lendable Inc, Dynolabs Asset Management Ltd, Dyno Labs Limited, Lendable PTE. LTD, Lendable Analytics LLC and Lendable Asset Management LLC.