- Broom raises $25M in Series A+ funding
- Indonesian auto startup supports 7,000 SME dealers
- Company plans nationwide expansion and multi-finance collaborations
Driving Digital Innovation
Broom, an Indonesian digital automotive startup, has secured a $25 million Series A+ funding round.
The investment, led by Openspace, attracted participation from AC Ventures, Quona Capital, MUFG Innovation Partners, and PKSHA Capital.
Fueling SME Growth
The fresh capital has already made an impact, providing working capital to over 7,000 SME automotive dealers.
Broom’s newly launched Leasing Channeling service has hit the ground running, recording 2,300 transactions and generating more than $17 million in revenue.
Expanding Horizons
Broom isn’t pumping the brakes anytime soon. The company plans to expand into western and eastern Indonesia in the second half of this year.
It aims to collaborate with 23 multi-finance companies, streamlining transaction processes through API integration.
