AmBank Group
55, Jalan Raja Chulan, Kuala Lumpur, Wilayah Persekutuan, 50200, Malaysia
Overview
AMMB Holdings Berhad, a public listed company on the Main Board of Bursa Malaysia, with subsidiaries offering a wide range of conventional and Islamic financial products and services. Through its universal banking platform capabilities, the Group caters to the needs of a broad spectrum of customer segments, for activities relating to personal banking, business banking, investment banking, stockbroking, funds management, life and general insurance, and family takaful.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Financial Services
Investment portfolio
- Carsome
Led · Debt Financing · Jul 2024
Carsome operates an integrated car e-commerce platform providing end-to-end services spanning the vehicle ownership journey through subsidiary brands such as iCar Asia, WapCar, CarTimes, Carsome Academy, and Carsome Capital. It operates across Malaysia, Indonesia, Thailand, and Singapore, with Malaysia and Singapore currently contributing most to profitability. In FY2025 the company posted its second consecutive year of positive EBITDA, more than doubled earnings to around $23 million, and achieved a 16% increase in gross profit as it sharpened cost discipline and monetisation. Carsome plans to use recent funding to scale operations regionally while maintaining a focus on sustainable, profitable growth. The company is prioritising initiatives in supply chain development and technology collaboration, including integrating data and artificial intelligence into its operations. Management describes the fundraising as reinforcing strategic alignment with investors and supporting cross-border collaboration between Southeast Asia and Greater China.
Team
Hussain Najadi
Founder
Christopher Yap
Managing Director, Business Banking
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