Carsome
Carsome completes latest financing round, bringing liquidity position to $200M
Malaysia-based integrated car e-commerce platform Carsome Group Inc, has on Monday announced the closing of its latest fundraising round, which brings the group’s liquidity position to approximately $200 million.
Carsome refutes funding bid from government; says its liquidity position remains robust at over $150M
Malaysia-based integrated car e-commerce platform Carsome has denied the report that it has petitioned to the Ministry of Finance in Malaysia for funding as its liquidity position remains strong at $150 million.
KAF-Carsome consortium targets to launch digital bank as early as year-end
Carsome, together with FinTech firm Jirnexu and digital remittance platform MoneyMatch, forms part of the consortium led by KAF Investment Bank which will be licensed under the Islamic Financial Services Act (IFSA) 2014.
Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng
“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .
Malaysia’s Carsome bolsters Indonesian operations via Electrum partnership and Nusantara expansion
Malaysia-based integrated car e-commerce platform Carsome is bolstering its Indonesian operations via partnership with Indonesian electric vehicle (EV) firm Electrum and has committed to investing in expanding its business in the nation’s planned Nusantara capital.
TechNode Global’s Top 10 feature articles in 2022
We have written some analysis and feature articles in 2022, covering various sectors, including FinTech, DroneTech, Web3, and electric vehicles, among others. Here are the most popular ones:
Carsome Mobility Lab unveils five up-and-rising stars
Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day. The five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and…
Malaysia’s Carsome banks on digital banking to complement existing car business
In the interview, Kee also shared the opportunities Carsome sees in building a digital bank in Malaysia and the competitive edge it has against others. He, however, declined to comment on the launching timeline of the digital bank.
Malaysia’s Carsome announces ‘group-wide accelerated profitability plan’ including job cuts
As part of the "employee base optimization", Carsome said it will focus on improving productivity across the business, aligning resources with contributions to the bottom line, and enforcing stricter performance management. This strategy will impact a certain number of employees, who will receive their full severance package and extended health benefits…
Carsome expands Malaysia-based regional headquarters
Southeast Asia’s largest integrated car e-commerce platform Carsome announced Wednesday the expansion of its regional headquarters in Malaysia, which signifies the company’s efforts in growing a high-skilled workforce to solve customers’ pain points in the car ownership journey.
