Pre-seed fundraising round co-led by AC Ventures and Alpha JWC Ventures garnered US $3.8 million for Ideal, an Indonesia-based property digital business. Local real estate conglomerates Sinar Mas Group and Ciputra Group also participated through their investing arm Living Lab Ventures.
Ideal is a digital mortgage platform established a year ago that aids applicants in submitting their mortgage applications to various institutions. Banks and property developers pay commissions for each approved loan application.
The company has worked with three of Indonesia’s top real estate developers, Sinar Mas Land, Ciputra Group, and Agung Sedayu Group, as well as five of the nation’s most illustrious banks, including Bank CIMB Niaga, OCBC NISP, and Maybank.
Albert Surjaudaja, Indira Nur Shadrina, Ian Daniel Santoso, and GoKampus co-founder Jeganathan Sethu founded Ideal. They are all former employees of Grab-backed e-wallet provider Ovo.
The business stated in a statement that it is now concentrating on the Greater Jakarta region’s primary housing market, or new homes. The secondary housing and refinancing sectors will, however, soon be included. It intends to utilize the new funds for this growth, as well as for hiring and product development.
