MUFG Bank (Malaysia) Berhad, a subsidiary of global financial institution, Mitsubishi UFJ Financial Group, Inc. (MUFG), has extended a new revolving working capital facility totaling MYR 150 million ($36.27 million) to Carsome Capital Sdn Bhd (Carsome Capital), the financing arm of Carsome Group, a Southeast Asia’s integrated automotive e-commerce ecosystem, marking a significant milestone in their partnership.
Carsome said in a statement on Wednesday that this development builds on the broader collaboration between Carsome and JACCS Co. Ltd (Japan Consumer Credit Service, or JACCS) — a global consumer finance company, of which MUFG is a major shareholder.
In April 2025, JACCS acquired a 49 percent stake in Carsome Capital, with the parent retaining 51 percent ownership.
This new facility builds on the partnership between MUFG and Carsome, enabling closer operational alignment, promoting financial innovation, while strengthening the group’s ability to scale financing solutions across the region.
“The extension of this partnership with Carsome is not only a testament to our confidence in their robust business model and effective operational leadership, but also a strategic step forward in our broader vision for regional growth,
“Through our partnership with Carsome, we are leveraging MUFG’s deep expertise and strong regional presence to foster scalable and impact-driven financing solutions that will create long-term, sustainable value for our clients,” MUFG Malaysia’s Chief Executive Officer and Country Head, Motohide Okuda said.
Nicholas Wong, Managing Director of Carsome Capital Malaysia, said this strengthened partnership with MUFG and JACCS reinforces the strategic alignment behind CARSOME’s growth trajectory.
“This ongoing support provides us with the resources to scale innovative financing solutions,
“With this backing, we can accelerate our mission to transform the automotive ecosystem and deliver greater value to both car buyers and used car dealers,” he added.
Established in 2018, Carsome Capital has disbursed over RM1.4 billion in financing, enabling 57,000 transactions nationwide.
With JACCS and MUFG onboard, the company is introducing a wider range of tailored financial solutions developed to enhance accessibility, strengthen governance, and drive regional growth.