DBS Indonesia signs $6M credit facility for Indonesia-based automotive startup Broom

Broom, an Indonesia-based automotive startup, announced Thursday its partnership with Bank DBS Indonesia through a IDR 100 billion ($6.45 million) credit facility. The credit facility is expected to be a growth accelerator for the company to expand its geographical scope and services across the used-car showroom industry in Indonesia, as well as Bank DBS Indonesia’s form of commitment in developing the digital economy sector.