MUFG-backed JACCS enters Singapore via 49% stake in CarTimes Capital

The group has also entered a strategic auto financing partnership.

JACCS Co., Ltd. has acquired a 49% stake in CarTimes Capital Pte Ltd, marking its entry into Singapore as its sixth ASEAN market.

The acquisition, announced in February, is supported by the Mitsubishi UFJ Financial Group.

Following the investment, JACCS, CarTimes Group, and CARSOME Group Inc have entered a strategic auto financing partnership.

The collaboration, anchored through CarTimes—a majority-owned subsidiary of CARSOME—will provide structured financing solutions for both consumers and dealers while maintaining credit standards aligned with Singapore.

“In a market defined by structure and transparency, how financing is aligned plays an important role in enabling vehicle purchases,” said Eddie Loo, Founder and Managing Director of CarTimes Group.

Loo added that the partnership is intended to support a more consistent flow of transactions.

The agreement signing was witnessed by Toru Hotta, Deputy Chief of Mission & Minister, Embassy of Japan in Singapore.

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