Carsome
KAF-Carsome consortium’s KAF Digital Bank receives license approval to commence operations
The operating entity, which is now formally known as KAF Digital Bank, seeks to deliver a robust and resilient banking infrastructure that underpins the trust and expectations from Malaysians.
Malaysia’s Carsome: 2025 will set the stage for the next decade of growth
"2024 was a landmark year for CARSOME with our focus on sustainable growth, profitability, and innovation bearing fruit. We delivered three consecutive profitable quarters this year and are well on the road to a full year of profitability," said Carsome Co-Founder and CEO Eric Cheng.
Consistent Q3 2024 momentum positions Malaysia’s Carsome for first full profitable year
Carsome Group continues to deliver record profitability, with adjusted EBITDA increasing over 3x quarter-on-quarter (QoQ).
Carsome’s 2Q revenue hits “above $310M”, announces $46.2M new financing partnerships
In the second quarter of 2024 (2Q2024), Carsome said it maintained its leadership position with about 35,000 vehicles traded and grew revenue by 9 percent quarter-on-quarter (q-o-q) to above $310 million.
Malaysia’s Carsome secures $21M financing facility from Ambank
Malaysia-based integrated car e-commerce platform Carsome Group has secured MYR 100 million ($21.39 million) in financing facility from AmBank Group to expand its liquidity and bolster its capacity for future growth.
Carsome partners NETA Auto Malaysia to offer NETA X electric vehicle
Carsome, Southeast Asia’s largest integrated car e-commerce platform, has partners with NETA Auto Malaysia to offer new NETA X electric vehicle (EV).
Carsome reports first quarterly profit, “on track” to achieve first full-year profitability this year
Carsome has also marked another achievement in its growth trajectory, surpassing the sale of 500,000 cars since its inception in 2015. This milestone was achieved in just two years after crossing 100,000 cars in 2021. Last year, the group sold over 150,000 cars.
Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report
Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.
Malaysia’s Carsome appoints Eric Chan as Group President and COO
Carsome Group Inc., an integrated car e-commerce platform in Southeast Asia, has on Thursday revealed strategic leadership transitions designed to fortify further the company’s commitment to growth and operational efficiency.
Chery Malaysia partners Carsome for vehicle trade-ins and training
Chery Malaysia has signed two memorandum of understanding (MoU) with Carsome and Carsome Academy. The primary focus of these partnerships is to improve vehicle trade-ins and enhance soft skills within the brand's network of representatives.
