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Unlike platforms such as Über & Lyft, InDrive allows the passenger to name his/her own price. Drivers also keep more of what they earn.

The Bayport Management subsidiary says the financing will help improve Colombians' "quality of life in terms of access to better health, education, housing, and micro-enterprises."

Credicorp Ltd. (NYSE: BAP) announced last week that it has reached an agreement to acquire 74.49% of the capital stock of Banco Compartir S.A. one of the leading microfinance banks in Colombia, from a group of shareholders including Colsubsidio, Cafam, Comfandi, Comfenalco...