Southeast Asian c-to-b-to-c automotive marketplace Carsome has teamed up with Adira Finance, a publicly listed financial services company based in Indonesia. The move will offer another consumer financing provider for Carsome’s cars in Indonesia, while Adira Finance’s automotive marketplace MoMobil.id will be able to bulk up its vehicle volumes by listing Carsome cars on the site.
“This collaboration will expand business opportunities for Carsome and Adira Finance, and allows Adira Finance to add listings on Momobil.id, its used- and new-car marketplace,” said Carsome Indonesia country head Delly Nugraha.
Meanwhile, Adira Finance director of portfolio Harry Latif said the company is focused on market expansion by optimizing digitalization progress. “This collaboration allows us to further enhance Adira Finance’s digital ecosystem to provide the best financial solutions according to consumer needs,” he explained.
Based on the Carsome Consumer Survey launched earlier this year, 64% of Indonesians plan to buy a used car in the April-September 2021 period and Carsome is optimistic that purchasing power will strengthen. Carsome and Adira Finance have discussed the latest innovative features that will be launched in the near future that can provide convenience and ease of buying and selling cars for customers in Indonesia.
A number of car units marked with Carsome Certified will also be available through the Momobil.id website. Cars marked Carsome Certified are cars with quality guaranteed by the Carsome Promise, which comes with 4 elements: Carsome Certified units are inspected at 175 inspection points by Carsome-trained inspectors, Carsome provides customers with a one-year warranty, a five-day money-back guarantee, and all prices listed on the official Carsome.id website are fixed prices with no hidden fees.
The automotive company has also recently acquired a stake in PT Universal Collection (PT UC), a used vehicle sales company located in Jakarta and, at the same time, has expressed interest in going public, specifically via a merger with a special purpose acquisition company or a conventional public offer. News reports suggested that the classified could seek around $2 billion in valuation and is looking at conducting a pre-IPO round with hopes to raise $150 million.