PETALING JAYA: Carsome, a leading Malaysian car e-commerce platform, has entered into a strategic partnership with global consumer finance firm JACCS Co Ltd, aiming to introduce innovative financial solutions for car buyers and dealers.
In a joint statement today, Carsome Group Inc and JACCS (Japan Consumer Credit Service) announced that JACCS will acquire a 49% stake in Carsome Capital Sdn Bhd, while Carsome Group will retain a 51% controlling share. JACCS is a member of Mitsubishi UFJ Financial Group.
By leveraging JACCS’s international expertise and Carsome Capital’s deep understanding of the local market, the partnership aims to deliver tailored financial solutions, particularly for under-served segments in Malaysia.
“The collaboration will also drive knowledge sharing to optimize risk assessment, strengthen credit governance, and implement best practices that enhance financial sustainability and portfolio performance,” the statement added.
Carsome Group founder and CEO Eric Cheng highlighted the synergy between the two companies, stating that JACCS’s financial expertise combined with Carsome’s ecosystem will “redefine the mobility financing experience, empowering communities and driving economic growth across Southeast Asia.”
JACCS president and representative director Ryo Murakami noted that after carefully assessing the automotive and financing landscape in the region, Carsome stood out as an ideal partner with strong growth potential.
Carsome Capital Malaysia managing director Nicholas Wong emphasized that the collaboration will enable Carsome to serve currently under-served or unserved segments. He added that the partnership will introduce new capabilities and technologies, including AI-driven credit assessment, to expand financing access for dealers purchasing wholesale inventory.
Founded in 1954 in Hakodate, Hokkaido, JACCS offers a range of financial solutions, including credit cards, auto financing, and home loans.
