Episode description

Kicking off a fresh series on fintech in Indonesia, host Leighton Cosseboom of AC Ventures is joined today by Pandu Adi Laras, Co-founder and CEO of Broom.

The startup is a digital used car showroom platform that makes it easier for auto dealers to run and develop their businesses nationwide. Broom is also making a name for itself as a fast-rising fintech player, as it provides working capital solutions to local dealers – many of whom are informal MSMEs and thereby underserved by formal financial institutions when it comes to lending.

All of this is taking place against a backdrop where the Indonesian used car market is now valued at more than US$50.77 billion and is expected to exceed US$70.5 billion by 2028.