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.
Read full articleMORE NEWS
12 injured after tourist boat hits Sathorn pier pontoon
12 injured after tourist boat hits Sathorn pier pontoon
Pattaya bike taxis switch back to orange after just five days in blue
Pattaya bike taxis switch back to orange after just five days in blue
Ex-MP raises more concerns about gambling site
Ex-MP raises more concerns about gambling site
Customs to inspect all scrap metal containers for e-waste
Customs to inspect all scrap metal containers for e-waste
Chinese suspects in Dubai abductions arrested in Bangkok
Chinese suspects in Dubai abductions arrested in Bangkok
Thailand races to protect data after PHP alert
Thailand races to protect data after PHP alert
125 laughing gas cylinders seized from Bangkok condo
125 laughing gas cylinders seized from Bangkok condo