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Indonesia’s Broom builds out automated asset-backed lending for used car dealers

Broom, an Indonesia-based auto-financing startup, has raised $10 million in equity from Openspace Ventures, BRI Ventures, and its previous backers like AC Venture and Quona Capital. The startup aims to help used Car Dealers in Indonesia by applying the asset-backed lending model to their businesses. This allows dealers to more efficiently trade and increase their inventory turnover.

The post Indonesia’s Broom builds out automated asset-backed lending for used car dealers appeared first on Balanced News Summary.



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Indonesia’s Broom builds out automated asset-backed lending for used car dealers

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