Owning your dream home shouldn't be hard. Here's IDEAL! This Indonesian fintech is here to make mortgages simple (and, well, ideal). They've just raised a $3.8M pre-seed.

• Indonesia's mortgage penetration is only 3% of the country's GDP, while Malaysia and Singapore are at 30% or higher.

Investor check. AC Ventures and Alpha JWC co-led the round and other investors also joined in.

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🏠 How it works

Quality properties guaranteed. Choose from properties listed by trusted banks and some of Indonesia's largest developers.

Bye, piles of paperwork! Fill out just one online application to apply to multiple banks and mortgage products.

• With IDEAL Compass, compare mortgages in detail and pick the best one based on your needs. Oh, and check your credit too!

Stay on track. View the entire process in real-time, from applying to mortgages until you pick the one for you. Then, the bank will jump in when it's time to sign.

Stolen data? Not here! Your data's protected and won't be shared. And with an all-online and transparent process, there won't be human error, hassle or hidden fees.

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🤯 More than just mortgages

Here's why it matters. Indonesia has one of the lowest credit-to-GDP ratios in SEA. There's a lot of potential economic value that hasn't been unlocked. One way to unlock it? Accessible and quality options for consumer lending products.

• Traditional banks have a poor digital experience, while P2P lending and BNPL startups focus on smaller loans that don't tend to go to meaningful or big-ticket purchases.

Their vision? Create lending products that are conventional, productive and allow higher ticket sizes (aka, bigger loans) on a user-friendly online platform. Mortgages are just the beginning!

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💰 What's with the $$$?

They'll be doubling down on product, growing the team and expanding their product offerings.

• Looking ahead, they'll later be adding other major lending products and head to other countries in SEA.