Building Cermati
Cermati
Cermati operates a financial e-commerce platform that simplifies access to various financial products for Indonesian consumers by providing a streamlined onboarding process, including in-person document handling. The platform enables users to compare and manage financial services such as insurance, loans, and digital wallets, addressing the challenge of navigating complex financial options.
- Applications
- Commerce & Shopping
- Financial Technology
- Software Only
Updated 23 months ago
Funding
Raised to date
$17MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Indonesian consumers face a fragmented and complex landscape when seeking financial products, often struggling to compare options and navigate the application processes for services like loans, insurance, and digital wallets. The traditional onboarding procedures can be cumbersome, involving extensive paperwork and in-person handling, creating barriers to access.
Solution
Cermati is a financial e-commerce platform designed to streamline access to a variety of financial products for Indonesian consumers. The platform simplifies the process of comparing and applying for financial services, including car insurance, health insurance, travel insurance, personal loans, and credit cards. By aggregating offerings from multiple financial institutions, Cermati enables users to evaluate different products side-by-side, facilitating informed decisions. Cermati also provides a digital onboarding experience, aiming to reduce the complexity and time associated with traditional financial product applications.
Target Audience
Cermati primarily targets Indonesian consumers seeking to compare and apply for financial products online, including those interested in insurance, loans, and investment opportunities.
Features
- Comparison tools for various financial products, including insurance (car, health, travel), credit cards, and personal loans.
- Online application process with digital document submission.
- Partnerships with numerous financial institutions in Indonesia.
- Personalized recommendations based on user profiles and financial needs.
- Access to digital financial products, such as e-wallets and digital gold investments.
- Integration with Indodana PayLater for installment payment options.
- Cermati University, providing financial education resources.