Friday, 24 March, 2023

Indonesian Auto Finance Platform Broom Raises $10M for Automated Lending

<p>Indonesian used-auto finance platform Broom has raised $10M in a Series A funding round to expand its automated asset-backed lending technology. Broom uses artificial intelligence and machine learning to evaluate the creditworthiness of borrowers and provide financing for used cars. The company&#39;s technology enables it to streamline the lending process and reduce risk, allowing it to offer more competitive rates to borrowers.</p>