Malaysia-based Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, Singapore’s CarTimes Group, and Japan’s JACCS have reached a strategic auto financing partnership in Singapore.

In a release on Tuesday, Carsome said the collaboration is a step toward strengthening financing capabilities in one of Southeast Asia’s most developed automotive markets. The partnership follows an earlier development in February, when JACCS, a member of the Mitsubishi UFJ Financial Group (MUFG),  acquired a 49% stake in CarTimes Capital, the financing arm of CarTimes. In Singapore, the collaboration is anchored through CarTimes, a majority-owned subsidiary of CARSOME, and builds on an existing partnership between CARSOME and JACCS in Malaysia established in 2025.

CarTimes and its financing arm have established a presence in Singapore’s vehicle ownership market, supported by experience in both consumer and dealer segments. The companies said this foundation enables CarTimes Capital to play a more integrated role in financing at the point of vehicle transactions.

The collaboration will focus on providing structured financing solutions for consumers and dealers, while maintaining credit standards aligned with Singapore’s regulatory environment. It can complement the existing financial ecosystem by improving how financing opportunities are matched with demand, with the aim of supporting smoother transactions and greater market efficiency.

The partnership is expected to strengthen alignment between financing and market demand, while supporting broader growth in automotive transactions across Singapore, according to the release.

Malaysia’s unicorn Carsome raises over $30M in a strategic fundraising round