Carro has entered a strategic partnership with fintech platform SY Holdings, setting the stage for a new era of tech-enabled financing and accelerated growth. The collaboration was formalized through a Memorandum of Understanding (MoU), underscoring both companies’ shared commitment to innovation in the mobility and financial technology sectors.

SY Holdings, a Hong Kong-listed technology company specializing in digital intelligence, will provide Carro with bespoke financing solutions powered by artificial intelligence, predictive analytics, and API-driven integrations. These advanced systems are designed to optimize efficiency, speed up funding cycles, and ensure governance and compliance, while enabling Carro to scale seamlessly across markets.

Aaron Tan, co-founder and CEO of Carro, emphasized the significance of this milestone: “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. This strategic partnership will give us access to AI-driven financing solutions that align disbursements across multiple markets and streamline the financing supply chain process.”

Beyond financial innovation, the partnership will also leverage Carro’s expertise in New Energy Vehicles (NEVs), an area the company has been actively expanding into with initiatives such as the recent launch of its Zeekr dealership.

Kenny Ng, Head of International Partnerships at SY Holdings, highlighted the broader vision: “Carro’s commitment in AI and NEV, coupled with its recent ventures, resonates strongly with us. This collaboration will integrate systems to manage dealership, procurement, and settlement within the NEV ecosystem, while unlocking AI capabilities such as anomaly detection, smart pricing algorithms, real-time data synchronization, and automated reconciliation.”

Over the past decade, Carro has transformed from a trusted used car marketplace into a holistic automotive ecosystem. With offerings ranging from Carro Care (aftersales) to Genie Financing Services and Coverro (insurance), the unicorn startup has built a comprehensive platform that supports every stage of car ownership.