CARSOME, CarTimes and JACCS Formalise Strategic Auto Financing Partnership in Singapore

Singapore, 07 April 2026  – CARSOME Group Inc (CARSOME), CarTimes Group (CarTimes), and JACCS Co., Ltd. (JACCS) today confirmed their strategic auto financing partnership in Singapore in a signing ceremony, witnessed by Mr. Toru Hotta, Deputy Chief of Mission & Minister, Embassy of Japan in Singapore. This marks a key milestone in strengthening financing capabilities in one of Southeast Asia’s most mature and structured automotive markets.

From Left: Eric Cheng, CARSOME Co-Founder, Chairman and Group CEO; Eddie Loo, CarTimes Founder & Managing Director; Toru Hotta, Deputy Chief of Mission & Minister Embassy of Japan in Singapore (centre), Ryo Murakami, President, and Representative Director of JACCS; Go Iwase, Director and Managing Executive Officer of JACCS during the signing ceremony earlier, marking a key milestone in strengthening financing capabilities in one of Southeast Asia’s most mature and structured automotive markets.

The signing ceremony follows the earlier announcement in February that JACCS acquired a 49% stake in CarTimes Capital Pte Ltd (CarTimes Capital). In Singapore, the collaboration is anchored through CarTimes, a majority-owned subsidiary of CARSOME. It builds on the partnership between CARSOME and JACCS in Malaysia, first established in 2025 through CARSOME Capital. 

Anchored by its long standing presence in Singapore, CarTimes and CarTimes Capital have built a strong position across vehicle ownership solutions, underpinned by a deep understanding of the customer and dealer dynamics. This provides a solid foundation for CarTimes Capital to play a more integrated role in supporting how financing is accessed and applied at the point of transaction.

In a market where financing plays a central role in enabling transactions, the collaboration with JACCS focuses on delivering well structured financing solutions that support both consumers and dealers, while maintaining prudent credit standards aligned with Singapore’s financial environment. Designed to complement the existing financial ecosystem, the partnership strengthens how financing opportunities are originated and matched to demand, supporting more seamless transaction flow and improved market efficiency.

From Left: Eric Cheng, CARSOME Co-Founder, Chairman and Group CEO; Eddie Loo, CarTimes Founder & Managing Director; Toru Hotta, Deputy Chief of Mission & Minister Embassy of Japan in Singapore (standing), Ryo Murakami, President, and Representative Director of JACCS; Go Iwase, Director and Managing Executive Officer of JACCS signing the documents finalizing their strategic partnership in Singapore earlier today. 

Eddie Loo, Founder and Managing Director, CarTimes Group, said, “In Singapore, the opportunity lies in how demand is supported. In a market defined by structure and transparency, how financing is aligned plays an important role in enabling vehicle purchases. This partnership allows us to strengthen that alignment and support a more consistent flow of transactions across the market.” 

Mr Ryo Murakami, President and Representative Director of JACCS, meanwhile added, “Now, under our new partnership agreement with CARSOME, we are making our sixth entry into ASEAN here in Singapore, by investing in CarTimes Capital of the CarTimes Group. Going forward, we will further deepen the trust placed in us by everyone in the CarTimes Group, devote our full efforts to expanding the business of CarTimes Capital, and contribute to the development of the Singapore economy and to the prosperous lives of the people who live here.

Additionally, Eric Cheng, CARSOME Group Co-founder and CEO said, “This partnership reflects CARSOME’s continued focus on strengthening our automotive ecosystem, where financing plays a central role in powering CARSOME Capital’s growth which increased by 55% in the past year. In Malaysia, aligning financing with market dynamics has improved both access and the quality of demand. With CarTimes and JACCS, we see an opportunity to extend this into Singapore and unlock new potential in a market that shapes broader regional standards.”