Carro

Learning together means growing together. Our Finance team took some much-needed time off to recharge and recalibrate at the Group Finance team building event in Ipoh, Malaysia. In an environment where technology and skills are always evolving, employee learning is continually emphasised at Carro to ensure the team is equipped for the challenges ahead in building Asia Pacific's No. 1 online used car marketplace. #LifeAtCarro #Carro

It's official: Beyond Cars is now Carro! Read our full release 👉 https://lnkd.in/dBs4x-ez Earlier in March, Beyond Cars was acquired by Carro, Asia Pacific's No 1. online used car marketplace. As part of our transformative rebrand, customers in Hong Kong can now buy, sell, and consign cars on carro.co. Like with every market we're present in, Carro Hong Kong will tap into sophisticated in-house technology and expertise to ensure that our customers get quality cars at the best prices on the market, and a fuss-free ownership experience. Stay tuned and get ready for an exciting new journey with Carro, Asia Pacific’s No. 1 Online Used Car Marketplace.

We are thrilled to announce that Carro is the first company to tap into HSBC's US$1 billion ASEAN Growth Fund. Read more 👉 https://lnkd.in/gmyauMCz Carro is currently present in 7 markets, having just entered Hong Kong and Japan. Carro generates nearly US$1 billion in revenues, recently achieved over 11x year-over-year EBITDA growth to hit a record US$34 million, and is one of very few technology start-ups to be operating profit positive, based on its latest financial year-ending March 2024. Carro Co-founder and CEO Aaron Tan says "Our fintech business, leveraging proprietary data-driven lending, has been growing prudently with a loan book exceeding S$500 million and NPL below 0.5%. Securing this landmark financing from HSBC is a huge validation of our digital ecosystem-led business model. This enables us to serve the underserved consumer segment even better."

At Carro, we want everyone to be able to own a car that is As Good As New. And to do that, we’ve spent years trying to perfect and streamline our inspections and refurbishment process. Today, Malaysia’s Transport Minister Anthony Loke says Carro is the "gold standard that all used car marketplaces should achieve.” We’re the leader when it comes to quality used cars. And this week, we’ve set yet another milestone: our very first 4S centre opens in Seremban, Malaysia and we’re honoured to have Minister Loke grace our opening and to understand more about our tech-centered inspection process. Read more: https://lnkd.in/gwxjYMnU Our comprehensive 2-storey facility pulls together our proprietary technology, AI capabilities and certified experts to serve every customer across their car ownership journey, from buying and selling, to servicing and refurbishment. Carro Malaysia CEO Derrick Eng says "We’re reshaping the landscape for used cars and after-sales services with our technology, certified experts, equipment as well as OEM and quality spare parts – all to give our customers quality cars that are As Good As New. ” Come visit us at 340, Jln Haruan 2, Oakland Industrial Park, 70300 Seremban, Negeri Sembilan.

What makes a winning organisation? Our Director of Group Human Resources Oisin Chok sits down with Malaysia's The Star and shares how the key HR strategies of engagement and communication, training and development, digitalisation and performance management have formed the pillars of our strategy, and brought us our win in the Employer of the Year category at the SEEK People & Purpose Awards last month. Read the full article here 👉 https://lnkd.in/gDxPnGf8

Looking for a head start in your career? At Carro, we're excited to nurture new talent. With our brand new Carro Management Associate Program, you'll be able to discover where your talents lie, what you’re passionate about and learn from game changers. Interested? Find out more here 👉 https://lnkd.in/gibxT7Kc The Singapore Global Executive Programme (SGEP) is an exclusive talent development programme developed by Enterprise Singapore in partnership with high-growth local companies that possess global ambitions to build a strong pipeline of young talent within their organisations. The Carro Management Associate Program (CMAP) is part of the Singapore Global Executive Programme, in partnership with Enterprise Singapore. #SGEP #GrowLocalGoGlobal #CMAP

Talk about coming full circle. From winning the SCS IT Youth of the Year in 2005 to the SCS Tech Leader of the Year in 2024, it has been 2 decades of coding, innovating and hustling for our co-founder and CEO Aaron Tan. The award by Singapore Computer Society in 2005 was a springboard for Aaron to further his education and deep dive into venture tech. Today, he continues to give back by nurturing the next generation of IT leaders not just within SCS, but across Asia Pacific as well. A huge thanks to SCS for the recognition and award! Watch Aaron's short interview with SCS 👉 https://lnkd.in/gnGuA5Gj

Proud to announce a win for Carro’s Human Resources team as we picked up the Silver award in the Employer Of The Year category at the SEEK People & Purpose Awards in Kuala Lumpur last Thursday. We thank the organizing committee and esteemed judges for acknowledging our people initiatives that put “people” and “purpose” together, and of course, our gratitude goes to all our employees in 7 markets who made this possible. #Carro #SEEKawards #PeoplePractices #HumanResources

#ICYMI Our CEO and co-founder Aaron Tan was on Bloomberg with Haslinda Amin to talk more about our IPO strategy and expansion plans last week. With PCAOB* audits in place, we’re ready and waiting in the wings for the perfect time to IPO in the US. Read more about our plans to raise our valuation to more than $1.5 billion ahead of the IPO 👉 https://lnkd.in/gXBSkS22 *Public Company Accounting Oversight Board

It’s no secret. We work hard and we play hard. And that’s exactly what happened at our annual dinner over the weekend, hosting over 1,400 employees in Malaysia and our senior management staff. We had a blast celebrating our successes — a robust financial year, striking numbers, and our people who continue to make life at Carro meaningful, rewarding, and full of fun as well. This dinner wasn’t just a celebration, but also a reflection of the remarkable journey that we’ve taken together. As we grow in size and scale, we also want to take the time to get to know the people outside of our departments and to see how we all fit together seamlessly as a team. We’re already looking forward to our next one!