Carro and SY Holdings enter into strategic partnership to support Carro’s expansion with tech-driven financing solutions

natalie pangAugust 21, 2025

2 minutes read

Carro and SY Holdings enter into strategic partnership to support Carro’s expansion with tech-driven financing solutions

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 efficiency for Carro

Singapore, 21 August 2025 – Carro, Asia Pacific’s largest and fastest-growing online used car platform, has signed a Memorandum of Understanding with fintech platform SY Holdings, entering a strategic partnership that will support Carro’s expansion plans through tech-enabled financing solutions. 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. "We’re 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 Aaron Tan, co-founder and CEO of Carro. “This 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.” At the same time, SY Holdings will be able to tap into Carro’s deep experience and expertise with New Energy Vehicles (NEV) across Asia Pacific. “Carro’s commitment in AI and NEV, coupled with its recent launch of its Zeekr dealership, resonates strongly with us ,” says Kenny Ng, Head of International Partnerships at SY Holdings. “This 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.” Carro is Asia Pacific’s largest and most trusted online automotive marketplace, with a decade’s 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. About SY Holdings SY Holdings Group Limited (Stock Code: 6069.HK) is the first “AI + Industrial Supply Chain” 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 “transaction-focused, asset-light” 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.

Carro and SY Holdings enter into strategic partnership to support Carro’s expansion with tech-driven financing solutions

6 Possible Causes and Quick Fixes for Your Dead Car Horn

Honda HR-V vs Honda Vezel: What’s the Difference?

Lucky Car Brands Based on Your Zodiac | Chinese New Year 2021

How to renew your driving license in Singapore

Sample Appeal Letter for Traffic Fines and Parking Offences in Singapore

Private Hire Car Driver’s Vocational Licence (PDVL): New Requirements in 2021

Private Hire Car (PHC) Scheme Changes: Z10 and Z11 Conversion

How to Differentiate Between the Different Classes of Audi

How to apply for an International Driving Permit? Here are some FAQs answered

Related Articles

Carro enters Australia with CarPlace acquisition to bring better, transparent car buying and selling experience to Australians

Dongfeng EVs now at Carro Singapore: Exclusive launch offers on the 007, VIGO and BOX

EV incentives in Singapore: How much can you save with rebates and road-tax discounts?

Carro officially unveils new flagship store spanning 3 floors in Hong Kong with Carro Celebrity Ambassador Moses Chan at Grand Opening event