Carro cuts losses by 92% in FY24, secures funding from Korea's Woori

Carro cuts losses by 92% in FY24, secures funding from Korea's Woori

Carro group CEO Aaron Tan and chief financial officer Ernest Chew.

Softbank-backed, Singapore-based used car marketplace and lender Carro said it had cut its operating losses by 92% in its fiscal year 2024, driven by improved revenue quality and recurring earnings.

Edited by: Pramod Mathew