Carro turns Singapore car loans into a US$350M funding pipeline in a regional first

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 23 Oct, 02:00 UTC

In Singapore, a car is less a vehicle than a ten-year licence wrapped in steel. Carro now wants institutional money to treat that licence as collateral. The Singapore-headquartered automotive marketplace has set up a S$450 million (about US$350 million) asset-backed securitisation facility backed…