Are you a car dealer? Broom's going to sweep you off your feet. This Indonesian startup helps used car dealers get financing — and sell more. Oh, and they've just landed a $6M debt facility from DBS Indonesia!

• They raised a $3M pre-seed led by AC Ventures early this year.
• Founded in 2021, they've partnered with over 3,000 used car dealerships.

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🛞 Beep beep, solutions incoming!

Broom allows dealers to access short-term loans through their mobile app, so that they can get $$$ for their needs! How? By using their used car inventory as collateral.

• Use case? Want to buy another unit for your dealership to sell but don't have enough money.
• The cars used as collateral could be any of their car inventory, especially their "dead stock" (aka, the cars that aren't selling well).

And it doesn't stop there. Broom's here to help these car dealers digitize and sell more. So, they're a one-stop platform for SME car dealers to digitize their business processes — from inventory and sell-side tool management to helping them find potential car buyers online.

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💰 What's with the $$$

They'll be expanding to more cities in Java, Indonesia, before the end of the year. The plan? Get 5,000 new car dealers as clients.