In brief: Motorist.sg nabs seed funding from JobsCentral and Zopim founders

“Auto concierge platform” Motorist.sg today announced it has raised seed funding from JobsCentral co-founders Der Shing Lim and Shao-Ning Huang, and Zopim’s Royston Tay, of an undisclosed amount. The Singapore-based startup helps drivers to sell, scrap, or export used cars, buy insurance, and renew ownership documents, and claims to have facilitated over 9,200 transactions worth US$176 million since its founding in 2015.

It already has offices in Singapore, Malaysia, and Vietnam, but is planning on opening a fourth in Thailand with the new injection. Motorist.sg CEO Damian Sia says the company intends to raise another round of funding in mid-2019.

Source: Motorist.sg