O Gringo is an app that simplifies the driver experience by centralizing previously fragmented services for vehicle owners. The platform offers credit products and protections such as assistance and insurance, and helps with tasks like document management. The company plans to launch new solutions this year focused on the vehicle purchase and sale journey. With the recent funding, O Gringo intends to expand into adjacent services including maintenance, fuel (abastecimento), toll (pedágio) and other driver-related offerings. Financially, the startup has accumulated nearly R$500 million in total funding over its five years of market presence. Gringo is a super app for Brazilian drivers that centralizes vehicle documentation, payments (fines, taxes, licensing), insurance contracting and loans using the vehicle as collateral. The app lets drivers manage renewals and documents in one place and compare insurance and bank offers. Gringo plans to expand its automotive credit and insurance products, add new features, and enter the used‑car buy-and-sell market to help drivers choose the best offers. The company intends not to act as a dealership but to use its customer vehicle data to match buyers and sellers. Gringo has grown to 10 million customers and aims to double its revenue over last year by the end of this year; it has raised $80 million in total. Gringo is a startup founded in 2020 that started by offering free monitoring of driver licenses and vehicle debts. The company has grown its user base to five million drivers in under two years, doubling its count since its Series A. In 2021 Gringo expanded into credit and insurance sales, driving a 20x increase in GMV and a 25x increase in revenue versus 2020. Management says the product roadmap focuses on building a "super app" that centralizes services for drivers, with ongoing tests of additional products and services. The company has already closed partnerships to simplify how drivers buy and monitor insurance and credit. Gringo has expanded beyond its São Paulo launch into the South and Southeast regions and plans national rollout and tests in other Latin American markets in 2022. O Gringo is a Brazilian startup that assists drivers across their journey via an app, WhatsApp and social channels, offering vehicle monitoring, document support and automotive content. The company emphasizes a close, personalized relationship with drivers and disruptive features to simplify everyday driving tasks. In one year it has acquired more than 2.5 million users, representing over 10% market share in the state of São Paulo, and reports 94% of users saying they will remain loyal; it also earned the RA1000 badge with a 9.8 rating. The app is currently live in São Paulo, Paraná and Santa Catarina, and the company is expanding to the rest of Brazil. O Gringo was recently selected for Endeavor’s scale-up program and plans to use new capital to develop additional services, strengthen its team and support national expansion.

Total raised

$89M

Funding rounds

4

Latest round

Series C

Latest activity

Sep 2024