👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
MUFG unit buys 49% stake in Carsome Capital
Car ecommerce platform Carsome Group has partnered with Japan Consumer Credit Service (JACCS), part of the Mitsubishi UFJ Financial Group.
This collaboration aims to improve auto financing solutions in Malaysia, particularly for underserved segments.
Under the agreement, JACCS will obtain a 49% stake in Carsome Capital, while Carsome Group will retain 51%. There will be an emphasis on enhancing risk assessments and credit governance for financial sustainability.
Recent Carsome developments
| Timeline |
|---|
13-Sep-2024 📈 Carsome raises $46m as EBITDA grows 3x, revenue rises 9%
|
08-May-2024 📈 Carsome hits first EBITDA positive quarter in Q1 2024
|
14-Mar-2024 🚗 Carsome appoints ex-Jardine exec to COO post as it eyes IPO
|
16-Feb-2024 🚗 Carsome, Carro are lobbying for a ‘golden goose’ but winning it is tricky
|
08-Nov-2023 🚗 Carsome appoints new group CFO
|
| 19-Jun-2023 🚗 Carsome boosts liquidity to $200m with latest raise |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.