Auto marketplace Motorist.sg has secured an extra $3 million U.S. from the Singapore-based division of Tokyo Century Leasing, a unit of the Japan-based auto financing group that provides finance and digital technology services to the industry.

Tokyo Century Corporation, which operates in 37 countries, sees many opportunities in Singapore, and recently invested $60 million U.S. in Motorist’s Series A funding.

Motorist was founded in 2015 and is also active in Malaysia, Thailand and Vietnam. According to the company, it has served 909,000 motorists since launch, with 2,800 certified automotive partners and vehicle transactions exceeding $1 billion.

Motorist also recently shared with local media its plan to expand to the Philippines before moving to an additional 10 countries by 2026.

Related Articles