Singapore’s tryb Invests in Indonesian Property Crowdfunding Platform Gradanaby Fintech News Singapore May 29, 2019
tryb announced today that it lead the pre-series A round for Gradana, a peer-to-peer property crowdfunding platform based in Indonesia.
According to Gradana’s CEO Angela Oetama, one of the key challenges towards buying and renting property in Indonesia is the hefty down payment that’s required; an issue that the startup aims to address with its platform. Indonesians interested to rent a house can sometimes be slapped with the requirement of a minimum one-year rental payment in advance.
Gradana’s core offering can be broken down into four products; property purchase financing, rental bridging loan, renovation financing and invoice-based financing for property related vendors.
Gradana is the latest in tryb’s series of investment into startups in South East Asia with the most recent being Maria Health a Philippines’ based digital health with an insurtech play. On the Indonesian front tryb was also seen investing into Islamic fintech startup Alami.
Featured Image Credit: tryb