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

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 by Singapore car loan receivables. In a statement on Thursday, Carro called […] The post Carro turns Singapore car loans into a US$350M funding pipeline in a regional first appeared first on e27.

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