MUIP portfolio company Carsome has announced the expansion of its auto financing collaboration with JACCS CO., LTD., originally launched in Malaysia, into Singapore. This marks JACCS’s sixth market entry in SEAsia, reflecting its strategy to further grow its auto financing business across the region, supported by its collaboration with MUFG.
As part of this initiative, JACCS has proposed to acquire a 49% equity stake in CarTimes Capital Pte. Ltd. (CTCA), the auto financing company operating under CarTimes Automobile Pte. Ltd., Carsome’s subsidiary in Singapore. Working closely with Carsome’s retail operations, CTCA helps customers manage the high upfront costs of vehicle ownership through Carsome’s proprietary financing solutions, while also providing tailored financial services for dealers.
By combining JACCS’s expertise in consumer finance with CARSOME’s automotive ecosystem, this collaboration will further accelerate the availability of more accessible and well-structured auto financing solutions across Southeast Asia.
MUIP will continue to promote collaboration between our portfolio companies and the MUFG Group, with the aim of driving sustainable business growth and creating positive social impact through these strategic partnerships.
