MyTukar to provide RM300million financing scheme to support used car dealers with CapBay.

Authorised dealers will receive a RM100,000 pre-approved revolving credit line to purchase cars


Alfred Lee

8 Jul, 2020

MyTukar to provide RM300million financing scheme to support used car dealers with CapBay. | BEAMSTART News

- From our Sponsors -

MyTukar has teamed up with CapBay to offer a "one-click financing" option for used car dealers – the MyTukar Dynamic Dealership Programme

The new financial program aims to provide a hassle-free financing experience for over 1900 authorised dealerships in Malaysia, with a total financing of up to RM300 million. 

Authorised dealers will receive a RM100,000 pre-approved revolving credit line to purchase cars from their platform and up to RM500,000 revolving facilities for inventory management, trade financing, and working capital. 

 "Our priority at this point of time is to support our authorised dealers in reducing financial impact and business risks. Through MyTukar, we aim to simplify the process of selling pre-owned cars through digitalisation and to serve our customers with better transparency through an efficient online Car Selling platform." said Fong Hon Sum, CEO of MyTukar.com Malaysia.

Moving forward, MyTukar aims to collaborate with a wider range of partners to provide more authorised dealers to grow their businesses.

CapBay has also started accepting financing applications from MyTukar auto dealers since 1 June 2020. 

Dealers who wish to sign up for MyTukar’s exclusive dealership program can find out more via the official website.

- From our Sponsors -

Latest Jobs

VP of GTM Strategy and Revenue Operations

TRM Labs

Full Time

USD 200000 — USD 220000 yearly

Full-Stack Engineer

BLISSWAY

Colorado,

Full Time

Salary Undisclosed

Senior Recruiter (U.S. - remote)

authzed

Full Time

USD 110000 — USD 135000 yearly

Software Engineer (Product, Design)

Coast

New York,

Full Time

USD 140000 — USD 200000 yearly

Product Intern (6 months)

Hypotenuse AI

Internship

Salary Undisclosed

AI Engineer

Fathom

Full Time

USD 130000 — USD 160000 yearly

Full Stack Engineer (India)

VectorShift

Full Time

USD 20000 — USD 30000 yearly

UX Product Designer

just words

California,

Contract

USD 50000 — USD 100000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).