Japan Consumer Credit Service takes 49% stake in Carsome Capital for undisclosed sum

Quick Summary:

JACCS' expertise, resources will be combined with Carsome Capital’s ecosystem

US$225m given since 2018 to support 45k transactions for dealers, end-customers Carsome Group Inc, Southeast Asia’s (SEA) largest integrated car e-commerce platform, and JACCS Co, Ltd (Japan Consumer Credit Service), a consumer finance company, announced a strategic partnership where JACCS has taken a 49% stake in Carsome Capital Sdn Bhd with Carsome Group holding 51%.

We are excited to work with JACCS to introduce additional capabilities and technologies, such as AI-driven credit assessments, to expand access to financing to dealers who purchase wholesale inventory from us to sustain their business, as well as end-customers who put their trust in our vehicles.” Founded in Hakodate, Japan, in 1954, JACCS is a trusted name in consumer finance offering solutions ranging from credit cards to auto and housing loans.

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Article Details

Author / Journalist: karamjit

Category: EconomyStartupsBusiness

Markets: MalaysiaJapanVietnam

Topics: Carsome financing Credit Company Group Capital Solutions finance Jaccs Malaysia Consumer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 09:26:46 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 1 lines

Sentence Length: 461 words per sentence (average)

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Copyright Owner: © Digital News Asia

News ID: 25923368

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