Leading the equity investment are Caravela Capital from Brazil, and US-based Collide Capital and Great North Ventures. The debt financing has been provided by i80 Group, an investment firm headquartered in New York.

The funds raised are earmarked for OCN's strategic international expansion. The company has already seen rapid growth within the United States and is poised for substantial development globally. OCN's mission is to become the foremost financial partner for gig workers across the Americas, with an eye on a global footprint.

The market potential is significant. More than 4 million gig economy workers in the Americas face considerable challenges in accessing financing. These individuals, who drive and deliver for platforms like Uber, DiDi, and Lyft, often find themselves excluded from traditional financial services.

OCN utilises advanced technology to underwrite loans for these often-overlooked customers, providing the financial support necessary to enhance their earnings and improve their quality of life.

In preparation for its rapid expansion, OCN has bolstered its leadership team. New General Managers for Mexico and the United States have been appointed to drive the international growth strategy. Additionally, the creation of roles such as Chief Risk Officer, Chief Technology Officer, Chief Operating Officer, and Chief Financial Officer reflects OCN's commitment to a robust, multidisciplinary leadership structure aimed at long-term success.

With substantial new capital and experienced industry leaders, OCN is set for a transformative year. The company aims to evolve into a comprehensive Fintech platform, offering a diversified range of innovative financial products and services designed to empower the gig workforce and foster a new era of financial inclusion.

Mairon Sandoval, CEO and co-founder of OCN, said: “When we founded OCN, we always had a vision of helping thousands of gig workers earn more and improve their lives. With our new financing, we can continue to improve our technology and operational capacity to reach more gig economy workers in Latin America as well as the United States.”

Edward Goldstein, Managing Director of i80 Group, said: “OCN has the disciplined and profitable economic model that we look to support with our capital. OCN provides critical resources to gig workers, an important and dynamic segment of the economy.”

Lucas Lima, Managing Partner at Caravela Capital, commented: "We are excited to support the team at OCN in its next phase of growth. We are very impressed with the core technology, the leadership team, and the opportunity for OCN to expand what they have started in Mexico to the Americas.”

Ryan Weber, Managing Partner at Great North Ventures, said: "Providing an all-inclusive rental model for ride-share drivers is crucial for economic growth, as it empowers drivers to achieve financial stability and enhances mobility solutions in a rapidly expanding market."