{"id":17223,"date":"2026-09-18T16:00:00","date_gmt":"2026-09-18T08:00:00","guid":{"rendered":"https:\/\/carro.co\/sg\/blog\/?p=17223"},"modified":"2026-09-18T16:57:53","modified_gmt":"2026-09-18T08:57:53","slug":"carro-secures-strategic-investment-from-orico","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/carro-secures-strategic-investment-from-orico\/","title":{"rendered":"Carro secures strategic investment from Orico"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>Strategic investment will see collaboration across mobility and financial services<\/em><\/li>\n\n\n\n<li><em>Initial collaboration will focus on automotive financing and related businesses in Japan, Thailand and Indonesia<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Singapore - 18 September 2026 - Carro, a leading online car marketplace in the Asia Pacific (excluding China and India), has announced a round of strategic investment by Orient Corporation (\"Orico\"), a major Japanese consumer credit and financial services company. Through this investment, Orico will act as a strategic partner to Carro and will, as a first step, advance collaboration in the automotive financing and related businesses in Japan, Thailand and Indonesia \u2013 the markets in which both companies operate.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"582\" src=\"https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2026\/06\/Aaron-Tan-Left-and-Ernest-Chew-Right-1-1024x582.jpg\" alt=\"Aaron Tan, co-founder and CEO &amp; Ernest Chew, CFO\" class=\"wp-image-17218\" title=\"\" srcset=\"https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2026\/06\/Aaron-Tan-Left-and-Ernest-Chew-Right-1-1024x582.jpg 1024w, https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2026\/06\/Aaron-Tan-Left-and-Ernest-Chew-Right-1-300x171.jpg 300w, https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2026\/06\/Aaron-Tan-Left-and-Ernest-Chew-Right-1-768x436.jpg 768w, https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2026\/06\/Aaron-Tan-Left-and-Ernest-Chew-Right-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Aaron Tan (L), Carro co-founder and CEO & Ernest Chew (R), Carro CFO <\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\"We're excited to partner with Orico and integrate our digital vehicle commerce with their financial services, creating a more seamless experience for both our retail consumers and wholesale dealers,\" says&nbsp;<strong>Carro Co-founder and Group CEO Aaron Tan<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\"We're expecting strong demand for automotive financing driven by growth in both new and used vehicles, underpinned by the expansion of the middle class,\" says&nbsp;<strong>Makoto Umemiya, CEO of Orico<\/strong>. \"At the same time, the rapid digitalisation of sales channels, alongside the AI-driven advancement of vehicle appraisal and credit assessment is reshaping the sector. We believe Carro's digital customer acquisition capabilities, its proprietary AI-based credit assessment and vehicle valuation, and its vehicle distribution capabilities including EVs will contribute to strengthening Orico's international growth strategy.\"<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 1954, Orico is a leading Japanese financial services company with deep expertise in credit and payments, offering a broad range of solutions including consumer finance, credit cards, automotive financing, loan guarantees and settlement services. With a strong customer and merchant network and decades of experience in credit assessment and financial services, Orico connects consumers, businesses and financial institutions through innovative financing and payment solutions<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Carro is a leading online car marketplace in the Asia Pacific (excluding China and India). The company transacted over 120,000 units of new and used vehicles in FY2026 and is active across 8 markets. It is a leading auto fintech, auto digital insurance broker and aftersales service provider in the region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>About Orient Corporation (\"Orico\")<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 1954, Orient Corporation is a comprehensive financial services company that offers a wide range of financial services to individuals, corporations, and financial institutions. Orico leverages strengths in Japan's leading auto finance business, extensive dealer and partner network, and long-cultivated credit expertise to grow our business. Orico also operates auto loan businesses in Thailand, the Philippines, and Indonesia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategic investment will see collaboration across mobility and financial services Initial collaboration will focus on automotive financing and related businesses in Japan, Thailand and Indonesia Singapore &#8211; 18 September 2026 &#8211; Carro, a leading online car marketplace in the Asia Pacific (excluding China and India), has announced a round of strategic investment by Orient Corporation &hellip;<\/p>\n","protected":false},"author":77,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[502],"tags":[],"class_list":["post-17223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-bites"],"_links":{"self":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/17223","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=17223"}],"version-history":[{"count":1,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/17223\/revisions"}],"predecessor-version":[{"id":17224,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/17223\/revisions\/17224"}],"wp:attachment":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media?parent=17223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/categories?post=17223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/tags?post=17223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}