Automobile transactional marketplace Carro secures US$60 million Series B funding

Automobile transactional marketplace Carro has closed a US$60 million Series B funding. SMU School of Information Systems’ alumnus Aaron Tan, co-founder and CEO of Carro, said, “We will double down on our online marketplaces and financing in emerging markets this year. Ultimately, we want to improve the experience of selling and buying a car, as well as provide access to capital to the next billion people, which will improve the quality of lives.”