KUALA LUMPUR, July 16 (Bernama) -- Carsome group has secured RM100 million in financing facility from AmBank group to expand its liquidity and bolster its capacity for future growth.
The RM100 million financing facility secured from AmBank group will empower Carsome, significantly enhancing its capacity to grow and innovate, Carsome said in a statement today.
Chief executive officer Eric Cheng said the significant financing facility has validated Carsome’s business model, enhancing the group's financing capabilities, and underscored the commitment to offering accessible solutions 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.
The company said that with AmBank’s support, Carsome will be able to further accelerate different stages of the used car trading process, offering a comprehensive, hassle-free experience to its customers.
Established in 2015, Carsome has rapidly grown to become Southeast Asia’s largest integrated car e-commerce platform, offering comprehensive services such as car inspections, sales, financing and after-sales support.
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