MilikiRumah, a PropTech startup operating across Singapore and Indonesia, is seeking to raise $10 million to address homeownership barriers faced by Indonesia’s unbankable population.
The planned raise will support the expansion of its rent-to-own housing model and an AI-based credit scoring system. Together, these solutions aim to serve buyers who remain excluded from traditional mortgage lending.
Indonesia’s Housing Access Gap
Indonesia continues to face a large housing shortfall. Millions of low-income residents remain unable to secure home loans due to informal employment, limited credit history, or incomplete income records.
As a result, many prospective buyers depend on informal arrangements. These options often carry higher risks and provide little long-term security. Traditional lenders have largely avoided this segment due to assessment and repayment challenges.
A Rent-to-Own Alternative
MilikiRumah’s core offering is a rent-to-own program that allows customers to move into homes while making structured installment payments. Over time, these payments lead to property ownership.
This approach lowers the initial financial burden for buyers. At the same time, it provides a clearer pathway to ownership than informal rental agreements.
AI-Led Credit Assessment
Alongside rent-to-own housing, the company has developed an AI-driven credit scoring tool. The system evaluates alternative data points to assess repayment capacity beyond standard credit metrics.
Recent reports suggest this technology could eventually generate more revenue than the rent-to-own program. The tool also allows lenders and developers to assess risk more efficiently.
Broader Economic and Social Impact
By focusing on underserved buyers, MilikiRumah is working to increase formal homeownership rates. Greater access to housing can also support wider financial inclusion.
Stable housing often correlates with better health, education outcomes, and community participation. As a result, the model may deliver long-term social benefits alongside commercial returns.
Growth Plans and Market Challenges
While demand for alternative housing finance is growing, MilikiRumah faces operational and regulatory challenges as it scales. Compliance across markets and access to long-term capital remain key considerations.
According to reports from platforms such as TechNode Global, the company may later seek up to $50 million for a dedicated rent-to-own fund. If successful, this could accelerate its expansion across Southeast Asia.
For now, the $10 million target represents a critical step. Its outcome may influence how housing finance evolves for unbankable populations in Indonesia and similar emerging markets.
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