Japan Consumer Credit Service takes 49% stake in Carsome Capital for US$22.9 mil

Quick Summary:

JACCS' expertise, resources will be combined with Carsome Capital’s ecosystem

US$225m given since 2018 to support 45k transactions for dealers, end-customers [Ed: Article updated with the acquisition price.]

Carsome Group Inc, Southeast Asia’s (SEA) largest integrated car e-commerce platform, and JACCS Co, Ltd (Japan Consumer Credit Service), a consumer finance company, announced a strategic partnership where JACCS has taken a 49% stake in Carsome Capital Sdn Bhd with Carsome Group holding 51%.

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Article Details

Author / Journalist: karamjit

Category: EconomyStartupsBusiness

Markets: MalaysiaJapanVietnam

Topics: Carsome Takes Consumer Service Malaysia Stake Credit Capital Jaccs Japan financing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 09:26:46 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Digital News Asia

News ID: 25923572

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