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Lamudi acquires mortgage fintech platform to boost home loans

Indonesian proptech firm Lamudi has acquired mortgage fintech platform Ideal for enhancing the mortgage application process in Indonesia.

The acquisition allows Lamudi to integrate Ideal’s 28 financial partners into its network, which includes 500 property developers and 30,000 agents.

Ideal, founded in 2021, will maintain its brand and leadership team. Albert Surjaudaja, Ideal’s CEO, said the partnership aims to extend the platform’s outreach and operations.

Recent Lamudi developments

Timeline
20-Jul-2023 📉 Proptech firm Lamudi lays off employees in Indonesia
  • Lamudi lays off staff in Indonesia for efficiency
  • Affected employees to receive severance and job support
11-Jan-2022 🏢 Lamudi buys OLX Indonesia’s real estate business
  • Lamudi Indonesia acquires OLX Group’s real estate biz
  • Deal expands Lamudi’s listings to over 600,000 monthly
26-Nov-2018 💼 In brief: Lamudi scores funds to double down on Indonesia, Philippines
  • Lamudi adds Ringier and Axel Springer as investors
  • Funding will boost growth in key markets like Indonesia
19-May-2015 🏡 Lamudi acquires MyProperty in the Philippines in a bid to become leading property portal
  • Lamudi acquires MyProperty, expanding listings.
  • Deal aims to consolidate the competitive market.
10-Feb-2015 🏡 Lamudi raises $18 million, merges Asia and Latin America operations
  • Lamudi raises €16M for Asia and Latin America
  • Company merges operations to form Lamudi Global
27-Oct-2014 🏡 Lamudi wants to be a property website you can trust – by listing licensed brokers only

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