Online auto dealer Carro will invest S$17 million into establishing an auto financing company to complement its transactions. The home-grown car marketplace transacted more than S$50 million worth of used cars through its online platform last year, said SMU School of Information Systems alumni and CEO of Carro Mr Aaron Tan. “Unlike other online car dealers, Carro doesn’t own any of the cars we sell, nor does it make any advertising revenues from the vehicles listed on our website,” Mr Tan told TODAY in an exclusive interview. Instead, the company offers an end-to-end service, including transfers, payments, loans, insurance, tests and inspection services.
Today Online (Mar 23)