Carro launches $350M asset-backed securitisation facility in Singapore

Carro, an automotive marketplace and financing platform active in eight markets across Southeast Asia and Australia, has rolled out a S$450 million ($350 million) asset‑backed securitisation facility ^[1]. The structure, approved under the Monetary Authority of Singapore’s special‑purpose vehicle regime, represents the first securitisation of Singapore‑based car‑loan receivables ^[1].\n\nThe company says the new facility uses its AI‑enabled platform, extensive data infrastructure, and underwriting model to convert loan assets into a stable funding pipeline ^[1]. CEO Aaron Tan highlighted that the move showcases the strength of Carro’s technology stack and its ability to attract sizable institutional capital ^[1].\n\nBy packaging loan receivables, Carro can extend more financing to dealers and consumers while diversifying its balance sheet. The funding pipeline may also lower financing costs for borrowers and provide investors with a new, asset‑backed exposure to the region’s growing mobility sector.\n\nOverall, the facility signals a maturing fintech‑driven auto market in Singapore and could set a precedent for similar securitisation structures in the broader Southeast Asian automotive space.