Progreser
ProgreSER is a Colombian consumer finance company founded in 2004 that originates motorcycle financing and bundled insurance products for underbanked individuals across Colombia via 100+ dealer partners and a digital self-service portal, with a stated goal of capturing 10% of national motorcycle sales by 2030.
- Company typePrivate
- Founded2004
- HeadquartersCali, Colombia
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Progreser does
ProgreSER (legal entity Administraciones e Inversiones Comerciales S.A.) is a Colombian consumer finance company founded in 2004 and headquartered in Cali, specializing in motorcycle financing and adjacent financial services. It originates retail credit for the purchase of new and used motorcycles through a network of more than 100 authorized dealer partners across 100+ Colombian cities, complemented by a digital direct-to-consumer channel via its website and proprietary Sucursal Virtual self-service portal. The company targets underbanked segments — working individuals, informal-sector workers, merchants, farmers, and uniformed personnel such as police and military — who are typically excluded from traditional bank credit. Its loan product offers 3 to 72 month terms at a 2.18% monthly interest rate, with a stated 5-minute digital approval process requiring only a national ID, no credit history, and no co-signer. A Bogotá office supports outsourced debt collection activities through partners including Fianza BPO, Synerjoy BPO, and Contenido BPS.
The product portfolio extends beyond the core loan into credit-linked insurance (life, accident, unemployment) underwritten by SBS Seguros Colombia S.A., an all-risk motorcycle insurance product quoted via an online Cotizador de Seguros tool, ancillary pledge removal (Levantamiento de Prenda) services, and educational content platforms covering financial literacy and cybersecurity. Revenue is generated from interest spread on the loan book, recurring insurance premiums and brokerage commissions, a $50,000 COP pledge lifting fee, and administrative fees. Customer payments are collected through 110,000+ authorized points nationwide, integrated via partnerships with Bancolombia (Convenio 46997), Banco de Bogotá (Convenio 7157), Supergiros agents, and the PSE national online payment gateway. ProgreSER is a regulated vigilado entity under Colombia's Superintendencia Financiera and states a strategic ambition to capture 10% of Colombian motorcycle sales by 2030, against an industry volume of 833,178 motorcycles financed in 2024.
The business operates with 101-250 employees under a privately held structure with no disclosed external investors, parent company, or funding rounds. GTM motion is hybrid: dealer-embedded origination at point of motorcycle sale combined with digital self-service for simulation, onboarding, servicing, and payments. While no AI/ML capabilities are disclosed, the company is investing in digital infrastructure, content-led customer engagement, and product extensions such as the 2026 Seguro 2R and Motocarguero lines and a 2025 Antifraude initiative.
Progreser firmographics
Firmographics- Name
- Progreser
- Legal name
- Administraciones e Inversiones Comerciales S.A.
- Website
- https://progreser.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ProgreSER is a Colombian consumer finance company founded in 2004 that originates motorcycle financing and bundled insurance products for underbanked individuals across Colombia via 100+ dealer partners and a digital self-service portal, with a stated goal of capturing 10% of national motorcycle sales by 2030.
- Ownership category
- akta.pro rank
Progreser industry classification
Industry- Product category
- Consumer Lending (Motorcycle Financing)
- NAICS
- Sales Financing (522220), Consumer Lending (522291)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Motorcycle & Powersports Finance (FSAKADAG)
- akta.pro secondary industry
- New & Used Auto Purchase Loans (FSAKADAA)
Keywords
Where Progreser is headquartered
LocationHeadquarters
- HQ city
- Cali
- HQ country
- Colombia
- HQ region
- Latin America
Offices2 records
Markets served
Progreser business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Others, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Motorcycle Financing: Interest income from motorcycle loans with terms from 3 to 72 months. Interest rate of 2.18% monthly. Revenue generated from interest payments on financed motorcycles.
- Credit Insurance: Bundled insurance products including life insurance (0.18% monthly of total credit), unemployment insurance ($12,200 monthly), accident insurance ($10,500 monthly), and theft insurance (10.353% annually of motorcycle value).
- Pledge Lifting Service: Administrative fee of $50,000 COP for processing pledge removal on motorcycles after loan completion.
- Insurance Brokerage: Partnership with SBS Seguros Colombia for insurance products covering accidents, unemployment/incapacity, and life.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Motorcycle Credit |
| Subscription | Monthly | Debt Insurance |
| Subscription | Monthly | Unemployment Insurance |
| Subscription | Monthly | Accident Insurance |
| Subscription | Monthly | Theft Insurance |
| Unit Pricing | Pay-as-you-go | Pledge Lifting |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Progreser product offering
Product offeringCore offering
ProgreSER provides motorcycle financing (Crédito para Motos) to individual consumers across Colombia, offering immediate digital credit approval in approximately 5 minutes without requiring a credit history or co-signer, with loan terms from 3 to 72 months at a 2.18% monthly interest rate. The company bundles credit-linked insurance products (accident, unemployment, life, theft) underwritten by SBS Seguros Colombia and also offers all-risk motorcycle insurance via its Cotizador de Seguros online tool. Distribution occurs through 100+ motorcycle dealer partners across 100+ Colombian cities and the proprietary Sucursal Virtual self-service portal.
Product overview
ProgreSER is a Colombian motorcycle financing company that operates as a unified platform combining credit, insurance, and digital self-service tools. The core product is its motorcycle financing program (Crédito para Motos), which provides immediate-approval loans for new and used motorcycles with terms from 3 to 72 months, requiring no co-signer and no prior credit history. This is supported by a companion add-on module of credit-linked insurance products — Seguro de Accidentes, Seguro de Desempleo e Incapacidad Temporal, and Seguro de Vida — all underwritten by SBS Seguros Colombia S.A. and embedded within the credit offering. A separate all-risk motorcycle insurance product (Seguro de Motocicleta) is available via the online Cotizador de Seguros tool, covering theft, damage, civil liability, and roadside assistance, also backed by SBS Seguros Colombia and Assimoto. All credit and insurance customers are served through the proprietary Sucursal Virtual web portal, which provides account statements, payment history, certificate downloads, pledge removal requests, and a PSE-powered online payment module. Physical payments are accepted at more than 110,000 points across Colombia via Bancolombia, Banco de Bogotá, major retail chains, and Supergiros. A credit simulation tool integrated with the dealer catalog enables prospective customers to calculate installment amounts by motorcycle brand and model. An administrative Levantamiento de Prenda service handles pledge removal after full credit repayment. The company also operates two educational content brands: Educación Financiera (financial literacy) and Ciberseguridad (fraud prevention and cybersecurity awareness).
Differentiator
Problem solved
Functional benefit
Products and services
- Crédito para Motos (Motorcycle Financing) ProgreSER's core product: financing for new and used motorcycles across Colombia, featuring immediate digital credit approval, no co-signer requirement, no credit history required, and flexible repayment terms of 3 to 72 months. The credit can cover the motorcycle, SOAT, and registration costs. Designed for individual motorcycle buyers across Colombia.
- Seguros del Crédito (Credit-Linked Insurance) Bundle of credit-protection insurance products underwritten by SBS Seguros Colombia S.A., available to ProgreSER credit holders. Includes Seguro de Accidentes (accidental death and total permanent disability), Seguro de Desempleo e Incapacidad Temporal (unemployment/temporary disability income protection covering up to 6 monthly installments up to $450,000 COP each), and Seguro de Vida (life insurance covering outstanding loan balance). Premiums are incorporated into the monthly credit cuota.
- Seguro de Motocicleta (Motorcycle Insurance) All-risk motorcycle insurance for 2-wheeled vehicles quoted via the online insurance quote tool (Cotizador de Seguros) on the ProgreSER website. Coverage includes total loss due to theft or damage, partial damage, civil liability, and additional services such as towing/roadside assistance, key replacement, document replacement, and accessory replacement. Supports multiple motorcycle brands including Honda, Yamaha, Hero, AKT, Suzuki, Auteco, Kawasaki, KTM, Kymco, TVS, Royal Enfield, SYM, and others.
- Paga tu Cuota (Multi-Channel Payment Network) Multi-channel payment system enabling customers to settle credit installments. Online channel via PSE (Pagos Seguros en Línea) through the Virtual Branch. Physical payment network of more than 110,000 authorized payment points nationwide, including Bancolombia (Convenio #46997), Banco de Bogotá (Convenio #7157), major retail chains, and Supergiros agents. Customers use their national ID (cédula) and convention number to make payments.
- Levantamiento de Prenda (Pledge Removal Service) Administrative service for removing the legal pledge (prenda) registered on a motorcycle once the credit is fully paid off. Customers initiate the process through the Sucursal Virtual portal. The service includes issuing a carta de levantamiento de prenda for presentation at the transit authority. Service fee is $50,000 COP (from July 2025), payable to Bancolombia Current Account (Convenio #14761). Documents are delivered within 15 business days.
Quantifiable outcome
- Credit approval in 5 minutes
- +1 more outcomes
Companies that use Progreser
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Progreser technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
Progreser partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and major.
- SBS Seguros Colombia S.A.coreInsurance company that issues insurance policies for ProgreSER clients, including life, accident, and unemployment insurance products.
- SBS Seguros ColombiacoreProvider of credit insurance products including accident, unemployment, and life coverage for motorcycle loan holders.
- MapfrecoreInsurance partner providing motorcycle insurance products including all-risk coverage.
- AssismotocoreInsurance partner for motorcycle coverage products.
- BancolombiamajorBank partnership for payment collection through convenio 46997 and online PSE payments.
- Banco de BogotámajorBank partnership for payment collection through convenio 7157.
- Honda ColombiacoreMajor motorcycle brand with extensive dealer network for ProgreSER financing.
- Yamaha ColombiacoreMotorcycle brand partner with dealer network across Colombia.
- Suzuki Motor De Colombia S.A.coreMotorcycle brand partner through authorized dealers.
- AutecocoreColombian motorcycle brand with extensive dealer network.
- HerocoreMotorcycle brand partner available through ProgreSER financing.
- AKTcoreColombian motorcycle manufacturer partner.
- SYMcoreMotorcycle brand available through ProgreSER dealer network.
- Fianza BPOmajorCollection agency partner handling debt recovery and customer payment follow-up.
- Synerjoy BPOmajorCollection agency with offices in Cali handling debt collection services.
- Contenido BPSmajorCollection agency partner based in Itagüí.
- LiquittymajorLegal firm handling debt collection and legal proceedings.
- Grupo ConsultormajorLegal firm providing legal collection services in Bogotá.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Progreser competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Progreser social profiles
Digital presenceProgreser financial estimates
Financial estimateRevenue estimate
Valuation estimate
Progreser leadership team
Management profileNumber of profiles
Progreser funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Progreser M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Progreser
What does Progreser do?
ProgreSER provides motorcycle financing (Crédito para Motos) to individual consumers across Colombia, offering immediate digital credit approval in approximately 5 minutes without requiring a credit history or co-signer, with loan terms from 3 to 72 months at a 2.18% monthly interest rate. The company bundles credit-linked insurance products (accident, unemployment, life, theft) underwritten by SBS Seguros Colombia and also offers all-risk motorcycle insurance via its Cotizador de Seguros online tool. Distribution occurs through 100+ motorcycle dealer partners across 100+ Colombian cities and the proprietary Sucursal Virtual self-service portal.
Is Progreser a public or private company?
Progreser is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Progreser founded?
Progreser was founded in 2004. It employs 101 to 250 people.
Where is Progreser based?
Progreser is headquartered in Cali, Colombia, in the Latin America region.
How does Progreser make money?
Four revenue lines are on record. Motorcycle Financing is the primary driver. The others are credit Insurance, pledge Lifting Service and insurance Brokerage.
Does Progreser have an API?
No public API is recorded for Progreser.
What industry is Progreser in?
Progreser's product category is Consumer Lending (Motorcycle Financing). Its primary akta.pro industry code is FSAKADAG, Motorcycle & Powersports Finance, with a secondary code of FSAKADAA, New & Used Auto Purchase Loans. Its NAICS code is 522220 and its SIC code is 6141.