MilikiRumah, an Indonesian property technology startup that aims to make homeownership more accessible, has launched a $50 million private equity fund called the MilikiRumah Indonesia Rent-to-Own Offtake Fund 1.
The four-year fund targets a 20% internal rate of return and will help expand the company’s rent-to-own housing model across the country. It will first focus on Greater Jakarta, including Bogor, Tangerang, Bekasi, and Depok.
The fund marks an important step for the young company as it moves from being an early-stage startup to a larger platform in Indonesia’s housing finance sector. The fund will support housing projects and help more people buy homes, especially those who cannot access traditional mortgages.
Indonesia faces a big housing affordability problem. Although there is enough housing supply and many developers have large land banks, many people still struggle to get financing to buy homes. Millions of Indonesians—especially those working in the informal or gig economy—find it hard to qualify for bank mortgages because their incomes are irregular or they lack a formal credit history.
MilikiRumah wants to solve this problem by acting as a platform that connects property developers, financial institutions, and homebuyers. Through its rent-to-own model and data-based underwriting system, the company helps underserved consumers gradually become eligible for traditional home loans.
As MilikiRumah expands its fund strategy, the company is positioning itself at the meeting point of property development, fintech, and institutional investment. By combining rent-to-own housing, data-based credit checks, and structured investment funds, the startup aims to solve a major challenge in Indonesia: the gap between housing supply and access to home loans.
Indonesia has a housing shortage running into millions of homes. However, the problem is often not the lack of houses, but the difficulty people face in getting mortgage financing. Many Indonesians work outside regular salaried jobs, so they do not have the documents or credit history banks usually require.
MilikiRumah’s model aims to bridge this gap by creating new types of credit data and helping people gradually qualify for traditional bank mortgages.
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