MUFG Extends RM150 million Working Capital Facility to CARSOME Capital to Accelerate Automotive Financing Growth — Carsome Newsroom
Summary
MUFG has extended a RM150 million revolving working capital facility to CARSOME Capital to support growth in automotive financing. The facility strengthens the partnership between MUFG, JACCS, and CARSOME as they expand financing solutions for car buyers and used car dealers. CARSOME Capital says the backing gives it more resources to scale tailored financial products and improve accessibility. The company has already disbursed over RM1.4 billion in financing across 57,000 transactions, and it plans to use the new support to accelerate regional growth.
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