{"id":70558,"date":"2026-09-18T15:29:00","date_gmt":"2026-09-18T08:29:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=70558"},"modified":"2026-09-18T15:29:00","modified_gmt":"2026-09-18T08:29:00","slug":"carro-secures-strategic-investment-from-orico","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=70558","title":{"rendered":"Carro secures strategic investment from Orico"},"content":{"rendered":"<ul type=\"disc\">\n<li><i>Strategic investment will see collaboration across mobility and financial services<\/i><\/li>\n<li><i>Initial collaboration will focus on automotive financing and related businesses in Japan, Thailand and Indonesia<\/i><\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\">SINGAPORE<\/span>, <span class=\"legendSpanClass\">Sept. 18, 2026<\/span> \/PRNewswire\/ &#8212; Carro, a leading online car marketplace in the Asia Pacific (excluding China and India), has announced a round of strategic investment by Orient Corporation (&#8220;Orico&#8221;), a major Japanese consumer credit and financial services company. Through this investment, Orico will act as a strategic partner to Carro and will, as a first step, advance collaboration in the automotive financing and related businesses in Japan, Thailand and Indonesia \u2013 the markets in which both companies operate.<\/p>\n<p>&#8220;We&#8217;re excited to partner with Orico and integrate our digital vehicle commerce with their financial services, creating a more seamless experience for both our retail consumers and wholesale dealers,&#8221; says <b>Carro Co-founder and Group CEO Aaron Tan<\/b>.\u00a0<\/p>\n<p>&#8220;We&#8217;re expecting strong demand for automotive financing driven by growth in both new and used vehicles, underpinned by the expansion of the middle class,&#8221; says <b>Makoto Umemiya, CEO of Orico<\/b>. &#8220;At the same time, the rapid digitalisation of sales channels, alongside the AI-driven advancement of vehicle appraisal and credit assessment is reshaping the sector. We believe Carro&#8217;s digital customer acquisition capabilities, its proprietary AI-based credit assessment and vehicle valuation, and its vehicle distribution capabilities including EVs will contribute to strengthening Orico&#8217;s international growth strategy.&#8221;<\/p>\n<p>Founded in 1954, Orico is a leading Japanese financial services company with deep expertise in credit and payments, offering a broad range of solutions including consumer finance, credit cards, automotive financing, loan guarantees and settlement services. With a strong customer and merchant network and decades of experience in credit assessment and financial services, Orico connects consumers, businesses and financial institutions through innovative financing and payment solutions<\/p>\n<p>Carro is a leading online car marketplace in the Asia Pacific (excluding China and India). The company transacted over 120,000 units of new and used vehicles in FY2026 and is active across 8 markets. It is a leading auto fintech, auto digital insurance broker and aftersales service provider in the region.<\/p>\n<p><b><u>About Orient Corporation (&#8220;Orico&#8221;)<\/u><\/b><\/p>\n<p>Founded in 1954, Orient Corporation is a comprehensive financial services company that offers a wide range of financial services to individuals, corporations, and financial institutions. Orico leverages strengths in Japan&#8217;s leading auto finance business, extensive dealer and partner network, and long-cultivated credit expertise to grow our business. Orico also operates auto loan businesses in Thailand, the Philippines, and Indonesia.<\/p>\n<p><b><u>About Carro<\/u><\/b><\/p>\n<p>Founded in 2015, Carro is a leading online car marketplace in the Asia Pacific (excluding China and India). By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. In 2025, Carro expanded its product line to include Brand New cars in Singapore and Malaysia, offering customers even more options.<\/p>\n<p>Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund as well as several sovereign funds and government-linked investors. Together with its subsidiaries and business lines, Carro is supported by more than 4,500 employees across Asia Pacific:<\/p>\n<ul type=\"disc\">\n<li>Carro, Asia Pacific&#8217;s largest online used marketplace with a strong key presence in Singapore, Malaysia, Indonesia, Thailand, Japan, <span>Taiwan region, Hong Kong SAR<\/span> and Australia<\/li>\n<li>Carro Care, Carro&#8217;s in-house refurbishment and after-sales servicing capabilities<\/li>\n<li>Genie Financial Services, a next-generation fintech automotive financing provider in Singapore, Malaysia, Indonesia and Thailand<\/li>\n<li>Carro Auction, a leading automotive auction platform in Thailand\u00a0<\/li>\n<li>MPM Rent, leading mobility solutions company in Indonesia specialising in leasing \/ fleet financing transportation services<\/li>\n<li>Innorithm, a next-generation fleet management solutions company leveraging state-of-the art IoT and machine learning<\/li>\n<li>Kaidee, Thailand&#8217;s largest online shopping and classifieds platform<\/li>\n<li>Driven Communications, leading Malaysian integrated digital content &amp; marketing services agency including notable sites like paultan.org<\/li>\n<\/ul>\n<p>For more information, <span>please visit: <u><a href=\"https:\/\/www.carro.co\/\" target=\"_blank\" rel=\"nofollow\">www.carro.co<\/a><\/u>.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<ul type=\"disc\">\n<li><i>Strategic investment will see collaboration across mobility and financial services<\/i><\/li>\n<li><i>Initial collaboration will focus on automotive financing and related businesses in Japan, Thailand and Indonesia<\/i><\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\">SINGAPORE<\/span>, <span class=\"legendSpanClass\">Sept. 18, 2026<\/span> \/PRNewswire\/ &#8212; Carro, a leading online car marketplace in the Asia Pacific (excluding China and India), has announced a round of strategic investment by Orient Corporation (&#8220;Orico&#8221;), a major Japanese consumer credit and financial services company. Through this investment, Orico will act as a strategic partner to Carro and will, as a first step, advance collaboration in the automotive financing and related businesses in Japan, Thailand and Indonesia \u2013 the markets in which both companies operate.<\/p>\n<p>&#8220;We&#8217;re excited to partner with Orico and integrate our digital vehicle commerce with their financial services, creating a more seamless experience for both our retail consumers and wholesale dealers,&#8221; says <b>Carro Co-founder and Group CEO Aaron Tan<\/b>.\u00a0<\/p>\n<p>&#8220;We&#8217;re expecting strong demand for automotive financing driven by growth in both new and used vehicles, underpinned by the expansion of the middle class,&#8221; says <b>Makoto Umemiya, CEO of Orico<\/b>. &#8220;At the same time, the rapid digitalisation of sales channels, alongside the AI-driven advancement of vehicle appraisal and credit assessment is reshaping the sector. We believe Carro&#8217;s digital customer acquisition capabilities, its proprietary AI-based credit assessment and vehicle valuation, and its vehicle distribution capabilities including EVs will contribute to strengthening Orico&#8217;s international growth strategy.&#8221;<\/p>\n<p>Founded in 1954, Orico is a leading Japanese financial services company with deep expertise in credit and payments, offering a broad range of solutions including consumer finance, credit cards, automotive financing, loan guarantees and settlement services. With a strong customer and merchant network and decades of experience in credit assessment and financial services, Orico connects consumers, businesses and financial institutions through innovative financing and payment solutions<\/p>\n<p>Carro is a leading online car marketplace in the Asia Pacific (excluding China and India). The company transacted over 120,000 units of new and used vehicles in FY2026 and is active across 8 markets. It is a leading auto fintech, auto digital insurance broker and aftersales service provider in the region.<\/p>\n<p><b><u>About Orient Corporation (&#8220;Orico&#8221;)<\/u><\/b><\/p>\n<p>Founded in 1954, Orient Corporation is a comprehensive financial services company that offers a wide range of financial services to individuals, corporations, and financial institutions. Orico leverages strengths in Japan&#8217;s leading auto finance business, extensive dealer and partner network, and long-cultivated credit expertise to grow our business. Orico also operates auto loan businesses in Thailand, the Philippines, and Indonesia.<\/p>\n<p><b><u>About Carro<\/u><\/b><\/p>\n<p>Founded in 2015, Carro is a leading online car marketplace in the Asia Pacific (excluding China and India). By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. In 2025, Carro expanded its product line to include Brand New cars in Singapore and Malaysia, offering customers even more options.<\/p>\n<p>Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund as well as several sovereign funds and government-linked investors. Together with its subsidiaries and business lines, Carro is supported by more than 4,500 employees across Asia Pacific:<\/p>\n<ul type=\"disc\">\n<li>Carro, Asia Pacific&#8217;s largest online used marketplace with a strong key presence in Singapore, Malaysia, Indonesia, Thailand, Japan, <span>Taiwan region, Hong Kong SAR<\/span> and Australia<\/li>\n<li>Carro Care, Carro&#8217;s in-house refurbishment and after-sales servicing capabilities<\/li>\n<li>Genie Financial Services, a next-generation fintech automotive financing provider in Singapore, Malaysia, Indonesia and Thailand<\/li>\n<li>Carro Auction, a leading automotive auction platform in Thailand\u00a0<\/li>\n<li>MPM Rent, leading mobility solutions company in Indonesia specialising in leasing \/ fleet financing transportation services<\/li>\n<li>Innorithm, a next-generation fleet management solutions company leveraging state-of-the art IoT and machine learning<\/li>\n<li>Kaidee, Thailand&#8217;s largest online shopping and classifieds platform<\/li>\n<li>Driven Communications, leading Malaysian integrated digital content &amp; marketing services agency including notable sites like paultan.org<\/li>\n<\/ul>\n<p>For more information, <span>please visit: <u><a href=\"https:\/\/www.carro.co\/\" target=\"_blank\" rel=\"nofollow\">www.carro.co<\/a><\/u>.<\/span><\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-70558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/70558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70558"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/70558\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}