MUFG Extends RM150 million Working Capital Facility to CARSOME Capital to Accelerate Automotive Financing Growth
CARSOME Capital gains flexible working capital facility to expand innovative automotive financing solutions for buyers and used car dealers.
Motohide Okuda, Chief Executive Officer and Country Head of MUFG Bank (Malaysia), (second from left) and Nicholas Wong, Managing Director of CARSOME Capital Malaysia, (second from right) shaking hands after the signing ceremony between MUFG and CARSOME Capital at CARSOME’s Headquarters in Petaling Jaya. Joining them are Foo See Hee, Managing Director/ Deputy Head, MUFG Bank (Malaysia), (left), and Eric Cheng, CARSOME Group Co-founder and Chief Executive Officer, (right).
Petaling Jaya, 26 November 2025 – MUFG Bank (Malaysia) Berhad, a subsidiary of global financial institution, Mitsubishi UFJ Financial Group, Inc. (MUFG), has extended a new revolving working capital facility totalling RM150 million to CARSOME Capital Sdn Bhd (CARSOME Capital), the financing arm of CARSOME Group, Southeast Asia’s leading integrated automotive e-commerce ecosystem, marking a significant milestone in their partnership.
This development builds on the broader collaboration between CARSOME and JACCS Co. Ltd (Japan Consumer Credit Service, or JACCS) — a global consumer finance company, of which MUFG is a major shareholder. In April 2025, JACCS acquired a 49 percent stake in CARSOME Capital, with the parent retaining 51 percent ownership. This new facility builds on the partnership between MUFG and CARSOME, enabling closer operational alignment, promoting financial innovation, while strengthening the group’s ability to scale financing solutions across the region.
MUFG Malaysia’s Chief Executive Officer and Country Head, Motohide Okuda, added, “The extension of this partnership with CARSOME is not only a testament to our confidence in their robust business model and effective operational leadership, but also a strategic step forward in our broader vision for regional growth. Through our partnership with CARSOME, we are leveraging MUFG’s deep expertise and strong regional presence to foster scalable and impact-driven financing solutions that will create long-term, sustainable value for our clients.”
Nicholas Wong, Managing Director of CARSOME Capital Malaysia, said, “This strengthened partnership with MUFG and JACCS reinforces the strategic alignment behind CARSOME’s growth trajectory. This ongoing support provides us with the resources to scale innovative financing solutions. With this backing, we can accelerate our mission to transform the automotive ecosystem and deliver greater value to both car buyers and used car dealers.”
Established in 2018, CARSOME Capital has disbursed over RM1.4 billion in financing, enabling 57,000 transactions nationwide. With JACCS and MUFG onboard, the company is introducing a wider range of tailored financial solutions developed to enhance accessibility, strengthen governance, and drive regional growth.
