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Carro eyes digibank licence as vehicle to expand into SME loans

Sharanya Pillai

Sharanya Pillai

Published Wed, Nov 6, 2019 · 09:50 PM
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Singapore

WITH its auto financing business already revving up profits - used car marketplace Carro is now eyeing a wholesale digital banking licence to expand the business.

The startup is already in talks with potential partners to apply for the licence, which could open the door to SME lending.

Carro's move comes amid the ebb and flow of startups' interest in the digital bank…

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Singapore digital banks

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