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Carro eyes digibank licence as vehicle to expand into SME loans

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Sharanya Pillai

Sharanya Pillai

Published Wed, Nov 6, 2019 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    CarroSingapore digital banks

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