{"id":15790,"date":"2025-08-21T12:49:12","date_gmt":"2025-08-21T04:49:12","guid":{"rendered":"https:\/\/carro.co\/sg\/blog\/?p=15790"},"modified":"2025-11-05T17:37:20","modified_gmt":"2025-11-05T09:37:20","slug":"carro-sy-holdings-enter-strategic-partnership","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/carro-sy-holdings-enter-strategic-partnership\/","title":{"rendered":"Carro and SY Holdings enter into strategic partnership to support Carro\u2019s expansion with tech-driven financing solutions"},"content":{"rendered":"<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15791\" src=\"https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.34.30-PM.png\" alt=\"\" width=\"961\" height=\"693\" title=\"\" srcset=\"https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.34.30-PM.png 961w, https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.34.30-PM-300x216.png 300w, https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.34.30-PM-768x554.png 768w\" sizes=\"auto, (max-width: 961px) 100vw, 961px\" \/>\r\n<em>Aaron Tan (L), Co-Founder and CEO of Carro, and Kenny Ng (R), Head of International Partnerships at SY Holdings<\/em>\r\n<ul>\r\n \t<li><i><span style=\"font-weight: 400;\">Hong Kong-listed SY Holdings to provide cross-border financing solutions for Carro, powered by artificial intelligence, predictive analytics and secure API-based integration\r\n\r\n<\/span><\/i><\/li>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">The strategic partnership will also explore supply-chain AI capabilities to enhance risk controls and operational efficiency for Carro\u00a0\u00a0<\/span><\/i><\/li>\r\n<\/ul>\r\n<b>Singapore, 21 August 2025 <\/b><span style=\"font-weight: 400;\">\u2013 Carro, Asia Pacific\u2019s largest and fastest-growing online used car platform, has signed a Memorandum of Understanding with fintech platform <a href=\"https:\/\/www.syholdings.com\/en\/\" rel=\"nofollow noopener\" target=\"_blank\">SY Holdings<\/a>, entering a strategic partnership that will support Carro\u2019s expansion plans through tech-enabled financing solutions.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">SY Holdings is a Hong Kong-listed digital intelligence technology company with a focus on AI and industry supply chains. This strategic partnership will leverage artificial intelligence, predictive analytics and API-based integrations that will optimise efficiency, accelerate funding cycles and intensify scalability while maintaining governance and compliance.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">\"We\u2019re excited to work with new partners like SY Holdings that can move quickly together with us, as we expand into even more markets and explore new propositions like Brand New cars,\" says <\/span><b>Aaron Tan, co-founder and CEO of Carro<\/b><span style=\"font-weight: 400;\">. \u201cThis strategic partnership will give us access to bespoke, AI driven financing solutions that will not only help align disbursements across our ecosystem in multiple markets, but also optimise the financing supply chain process.\u201d\u00a0\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">At the same time, SY Holdings will be able to tap into Carro\u2019s deep experience and expertise with New Energy Vehicles (NEV) across Asia Pacific.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">\u201cCarro\u2019s commitment in AI and NEV, coupled with its recent launch of its Zeekr dealership, resonates strongly with us ,\u201d says<\/span><b> Kenny Ng, Head of International Partnerships at SY Holdings<\/b><span style=\"font-weight: 400;\">. \u201cThis partnership will see us working closely to integrate systems that will handle dealership, procurement and settlement cases within the NEV space, as well as explore supply chain AI capabilities that will include anomaly detections, smart pricing algorithms, real-time data synchronisation and automated reconciliation.\u201d\u00a0\u00a0\u00a0\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Carro is Asia Pacific\u2019s largest and most trusted online automotive marketplace, with a decade\u2019s worth of experience in buying and selling used cars whilst leveraging proprietary technologies, artificial intelligence and data analytics. The unicorn start up has grown its retail marketplace to an in-house ecosystem powerhouse encompassing Carro Care (aftersales), Genie Financing Services (financing), and Coverro (insurance), building a hub of excellence and quality for all aspects of car ownership.<\/span>\r\n\r\n&nbsp;\r\n\r\n<b>About SY Holdings\u00a0<\/b>\r\n\r\n<span style=\"font-weight: 400;\">SY Holdings Group Limited (Stock Code:<\/span> <span style=\"font-weight: 400;\">6069.HK<\/span><span style=\"font-weight: 400;\">) is the first \u201cAI + Industrial Supply Chain\u201d digital intelligence technology company listed on the Main Board of the Hong Kong Stock Exchange. Recognized by CNBC and Forbes as a leading global fintech innovator, the Group has been included in MSCI, Hang Seng, FTSE and Stock Connect indices, reflecting broad market recognition. Through its proprietary SY Cloud Platform, SY deploys AI Agents that automatically analyse procurement opportunities, match orders, and connect SMEs with funding partners in real time, enabling them to secure growth opportunities with greater efficiency. Operating under a \u201ctransaction-focused, asset-light\u201d model, SY strengthens industrial ecosystems and data connectivity across infrastructure, healthcare, commodities, e-commerce, and robotics. As of June 30, 2025, the Group has established partnerships with more than 10 large core enterprises and over 180 funding institutions, facilitating order procurement and financing services exceeding USD 38 billion for over 19,000 SMEs, while continuing to advance digital transformation and inclusive growth for SMEs worldwide.<\/span>","protected":false},"excerpt":{"rendered":"<p>Aaron Tan (L), Co-Founder and CEO of Carro, and Kenny Ng (R), Head of International Partnerships at SY Holdings Hong Kong-listed SY Holdings to provide cross-border financing solutions for Carro, powered by artificial intelligence, predictive analytics and secure API-based integration The strategic partnership will also explore supply-chain AI capabilities to enhance risk controls and operational &hellip;<\/p>\n","protected":false},"author":77,"featured_media":15791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[727],"tags":[639],"class_list":["post-15790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements","tag-press-release"],"_links":{"self":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/15790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/comments?post=15790"}],"version-history":[{"count":5,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/15790\/revisions"}],"predecessor-version":[{"id":15796,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/15790\/revisions\/15796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media\/15791"}],"wp:attachment":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media?parent=15790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/categories?post=15790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/tags?post=15790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}