Carro eyes digibank licence as vehicle to expand into SME loans
Add BT as a preferred source
Sharanya Pillai
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
