Japan Consumer Credit Service (JACCS), a member of Mitsubishi UFJ Financial Group (MUFG), is acquiring a 49% stake in CARSOME Capital, the financing arm of CARSOME Group.
CARSOME will retain a majority 51% stake in the company.
The partnership aims to enhance auto financing solutions in Malaysia, particularly for underserved segments.
JACCS will leverage its international resources and expertise to improve risk assessment, credit governance, and financial sustainability within CARSOME Capital’s ecosystem.
The collaboration will also facilitate knowledge transfer to strengthen financial sustainability and optimise risk assessments.
CARSOME Capital, established in 2018, offers auto financing solutions such as retail financing, floor stock financing for dealerships, and automotive insurance.
The company leverages advanced data analytics and AI-driven credit assessments to optimise vehicle pricing, inventory management, and financing accessibility.
To date, it has disbursed over RM1 billion in financing, supporting nearly 45,000 transactions.
Eric Cheng, CARSOME Group’s Co-Founder and Chief Executive Officer, said,
“CARSOME is honored to partner with JACCS, a global consumer finance company, as they mark their strategic entry into Malaysia through our partnership.
By combining JACCS’s extensive expertise with CARSOME’s ecosystem, we aim to redefine the mobility financing experience, empowering communities and driving economic growth across the region.”
Ryo Murakami, President and Representative Director of JACCS, commented,
“We have carefully evaluated the automotive and financing landscape across Southeast Asia, and are excited about the long-term growth potential in this region.
We believe CARSOME is an ideal partner for us with the potential to drive growth and transformation in the region, starting with Malaysia, and then to other Southeast Asian markets. Our investment in CARSOME Capital underscores our confidence in this partnership and our commitment to creating long-term value in the automotive financing industry.”
