CARSOME, Southeast Asia’s largest automotive e-commerce platform, and JACCS, a leading Japanese consumer finance company that is part of the Mitsubishi UFJ Financial Group (MUFG), signed a strategic cooperation agreement at an official ceremony held at CARSOME PJ Automall.
This agreement follows on from the announcement made in February 2025, and is a significant step in the introduction of financing solutions specifically designed to expand access to underserved car buyers and dealers in Malaysia. Under the agreement, JACCS will hold a 49% stake in CARSOME Capital, while CARSOME will retain a majority ownership of 51%.
Eric Cheng, Co-Founder and Group CEO of CARSOME said, “This partnership with JACCS is an important step in our efforts to expand access to automotive financing in Malaysia, We see great potential to further strengthen financing facilities through more structured and transparent solutions, to meet the needs of all segments of society that have been underserved in the existing financial system. With the combination of JACCS’ financial expertise and the strength of the CARSOME ecosystem, we are committed to providing a more accessible, affordable and trusted vehicle ownership experience.”
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The signing of this partnership also reflects the growing confidence of leading financial institutions in CARSOME’s business model. Having achieved full EBITDA profitability by 2024, this partnership reflects how steady progress in strengthening the company’s economic and operational fundamentals has opened up opportunities for deeper collaboration — built on a shared commitment to long-term and inclusive growth in the regional automotive ecosystem.
Mr. Ryo Murakami, President, COO and Deputy Director of JACCS, said, “We are very excited to have found such a potential and dynamic partner as CARSOME. We are pleased to partner with CARSOME Capital in driving business growth and contributing to Malaysia’s economic development and prosperity. In the future, we look forward to forging an even stronger relationship and closer collaboration with CARSOME, while exploring opportunities to expand our presence into new markets together,”.
The signing ceremony was witnessed by Yang Berhormat Tuan Liew Chin Tong, Deputy Minister of Investment, Trade and Industry of Malaysia, and Yang Berhormat Tuan Shikata Noriyuki, Ambassador of Japan to Malaysia. Also present were Yang Berhormat Ng Sze Han, Member of the Selangor State Council for Investment, Trade and Mobility, and Mr. Motohide Okuda, Chief Executive Officer of MUFG Malaysia and Head of State for Malaysia.
CARSOME and JACCS are now set to launch a range of tailor-made financial solutions — the result of months of close collaboration in aligning systems, governance, and risk management frameworks. The initiative is specifically designed to meet the needs of Malaysia’s growing used car market, particularly for buyers and dealers who find it difficult to access financing from traditional financial institutions.
About CARSOME Capital
Established in 2018, CARSOME Capital has disbursed over RM1 billion in automotive financing, enabling nearly 45,000 transactions. With the presence of JACCS, this financing arm will accelerate product innovation, improve risk management, and support regional expansion, with Malaysia as a key innovation hub.
