Carsome, Southeast Asia’s largest integrated car e-commerce platform, and JACCS, a Japanese consumer finance company under the Mitsubishi UFJ Financial Group (MUFG), have officially cemented their strategic partnership to accelerate accessible auto financing in Malaysia.

Carsome said in a statement on Thursday that the partnership followed the initial announcement in February 2025 and marks a step forward in introducing tailored financing solutions to improve accessibility for underserved car buyers and dealers in Malaysia.

As per the agreement, JACCS acquired a 49 percent stake in Carsome Capital, while Carsome retains a 51 percent majority ownership.

“This partnership with JACCS is a significant step toward expanding access to auto financing in Malaysia,” said Eric Cheng, Carsome Co-Founder and Group Chief Executive Officer.

“We see a real opportunity to complement existing financial offerings by providing structured and transparent solutions that address gaps in the market,

“With JACCS’ financial expertise and the breadth of our ecosystem, we are focused on enabling more Malaysians to access mobility with greater confidence and peace of mind,” he added.

The formalization of this partnership also signals the growing confidence that established financial institutions are placing in Carsome’s business model.

Coming on the back of Carsome’s first full year of EBITDA profitability in 2024, the collaboration reflects steady progress in strengthening unit economics and operational fundamentals, opening doors to deeper partnerships — built on a shared commitment to long-term, inclusive growth in the region’s automotive ecosystem.

Meanwhile, Ryo Murakami, President, Chief Operating Officer and Representative Director of JACCS, said the firm is incredibly excited to have found such a promising and dynamic partner in Carsome.

“We look forward to working closely with Carsome Capital to drive business growth and contribute to the economic development and prosperity of Malaysia,

“Looking ahead, we envision a strong and collaborative relationship with Carsome, exploring opportunities to expand our reach into new markets together,” he added.

According to the statement, Carsome and JACCS are set to roll out a suite of tailored financial solutions — the result of months of close collaboration to align systems, governance, and risk frameworks.

These offerings are designed to meet the needs of Malaysia’s evolving used car market, particularly for buyers and dealers underserved by traditional lenders.

Key initiatives include streamlined loan approval and processing systems, enhancing efficiency for both dealers and end-customers seeking financing solutions; new financing structures for wholesale inventory purchases, empowering dealers with greater liquidity and flexibility; enhanced credit assessment models, built on JACCS’ experience in consumer finance and Carsome’s automotive data ecosystem.

Established in 2018, Carsome Capital has disbursed over MYR 1 billion ($224 million) in financing, enabling close to 45,000 transactions.

With JACCS onboard, the financing arm is set to accelerate product innovation, strengthen risk governance, and support regional expansion — with Malaysia as its innovation hub, said the statement.

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