![Singapore's Carro raises US$5.3M to help sell used cars Singapore's Carro raises US$5.3M to help sell used cars](/sites/scis.smu.edu.sg/files/styles/max_325x325/public/news/Carro_News.jpg?itok=WDnPKVBT)
SMU School of Information Systems graduate and Carro CEO Aaron Tan was featured in a TechCrunch article on the company's successful venture and aspirations to expand beyond Singapore by the end of the year. Launched in November 2015 by five car enthusiasts and former IDA National Infocomm Scholars, Carro is an algorithm-based marketplace where people can buy and sell used cars. The company makes revenue through collecting commissions from partnerships with financial institutions like banks and insurance companies.
Photo credit: Carro