The company secured a $75m multi-currency loan through the deal.“Our fintech business, leveraging proprietary data-driven lending, has been growing prudently with a loan book exceeding $500m and NPL below 0.5%,” Carro CEO and co-founder Aaron Tan said.
Carro CFO Ernest Chew said the loan strengthens the company’s balance sheet and diversifies its funding channel in Malaysia, allowing it to further grow its business.
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