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Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Private Capital Markets

<ul><li>Broom, an all-in-one automotive SME solutions startup in Indonesia, has secured US$10 million in a pre-Series A funding round</li><li><p>Jakarta-headquartered Broom will use the money to diversify its product offerings and further accelerate dealer inventory turnover.</p></li><li><p>Established in 2021, Broom provides an end-to-end financial solution for auto dealer inventories.</p></li></ul>

Broom, an all-in-one automotive SME solutions startup in Indonesia, has secured US$10 million in a pre-Series A funding roundJakarta-headquartered Broom will use the money to diversify its product offerings and further accelerate dealer inventory turnover.Established in 2021, Broom provides an end-to-end financial solution for auto dealer inventories.

Auto Dealer Financing Startup Broom Bags US$10M to Diversify Product Offerings

Indonesia

PT. Teknologi Usaha Nusantara, doing business as Broom, develops application software. The Company offers a platform that help to solve used-car showroom business problems. Broom serves customers in Indonesia.

Broom (2211484D IJ)

Auto Dealer Financing Startup Broom Bags US$10M to Diversify Product Offerings

Over the past year, Broom claims to have transacted over US$300M in inventory through its Buyback scheme and onboarded over 5K used car dealers

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