AIe27about 1 hour ago
Carro raises S$450M in Singapore
5 min read
Carro establishes a S$450 million asset-backed securitisation facility in Singapore, marking the first of its kind for automotive loan receivables in the region. The deal utilizes a bankruptcy-remote special purpose vehicle backed by loans from Genie Financial Services. CEO Aaron Tan states the platform uses AI and data infrastructure to manage underwriting and fraud risk.
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