Gringo is a technology company.
Gringo is a Super App designed to simplify the lives of Brazilian drivers by allowing them to consult and pay vehicle debts such as IPVA, fines, and licensing in one place.
Gringo has raised $78.0M across 4 funding rounds.
Gringo has raised $78.0M in total across 4 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 $78.0M in total across 4 funding rounds.
Gringo's investors include Amadeus Capital Partners, FinTech Collective, Kaszek Ventures, Tiger Global Management, Latitud, Pareto Holdings, Manoela Mitchell, Oliver Jung, Ricardo Weder, Ron Pragides, Thiago Torres, Zachary Sims.
Gringo has raised $78.0M across 4 funding rounds. Most recently, it raised $30.0M Series C in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $30.0M Series C | Amadeus Capital Partners, FinTech Collective, Kaszek Ventures, Tiger Global Management | |
| Mar 1, 2022 | $38.0M Series B | Latitud, Pareto Holdings, Manoela Mitchell, Oliver Jung, Ricardo Weder, Ron Pragides, Thiago Torres, Zachary Sims | |
| Oct 1, 2021 | $8.0M Series A | Amadeus Capital Partners, FinTech Collective, Grão Venture Capital, Kaszek Ventures, Tiger Global Management, Unbox Capital | |
| Aug 1, 2020 | $2.0M Seed | Sergio Furio |