Carsome secures US$21.39mil financing facility from AmBank

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The story "Carsome secures US$21.39mil financing facility from AmBank" was covered 1 days ago by Digital News Asia, a news publisher based in Malaysia.

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Carsome secures US$21.39mil financing facility from AmBank - Digital News Asia

Quick Summary:

Claims this to be its largest bank-backed facility

Facility at this scale a strong validation of Carsome’s business model Carsome Group has secured US$21.39 million (RM100 million) in financing facility from AmBank Group to expand its liquidity, bolster its capacity for growth significantly and enhance its capacity to innovate.

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.”