Daily Markup

Daily Markup #1035: CARSOME fuels up to expand hassle-free car trading across Southeast Asia with US$21M+ financing facility from AmBank

July 23, 2024 · 1 min read
Photo credit: CARSOME

A winning ride

  • Seamless used car trading is set to reach more people across Southeast Asia. 500-backed integrated car e-commerce platform  CARSOME Group secured a US$21.4M financing facility from AmBank Group to fuel Carsome’s future growth.
  • The team shared that this is the largest bank-backed facility for the group, significantly enhancing their capacity to grow and innovate. The team plans to further accelerate different stages of the used car trading process, offering a comprehensive, hassle-free experience to their customers.
  • Co-Founder, Chairman & CEO Eric Cheng shared, “A financing facility at this scale is a strong validation of CARSOME’s business model and allows us to enhance CARSOME Group’s overall financing capabilities.”
  • “It also underscores our commitment to providing accessible solutions for our customers and elevating the car ownership experience. Through CARSOME Capital, we will leverage this partnership to further expand our service offerings, broadening our impact and continuing to innovate in the automotive ecosystem across Southeast Asia,” he added.
  • Congratulations to the CARSOME team!
  • Read the full story on TechNode Global.
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