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Carbar teams up with CarClarity to convert subscriptions into purchase loans

Simon Thomsen - August 4, 2022 2 MIN READ

Carbar has partnered with fintech CarClarity so users can convert their subscription vehicle into a loan to purchase the car they’ve been using as a subscriber. The deal will see CarClarity compare options from more than 30 lenders to offer a loan tailored to the driver’s subscription. Carbar CEO Des Hang said they were launching… Read more »

Des Hang
Funding

Seven West Media joins IAG in $28.9 million raise for vehicle subscription startup Carbar

Simon Thomsen - February 15, 2022 2 MIN READ

 Carbar has raised $28.9 million in a funding round led by IAG and Seven West Media. IAG, Australia’s biggest insurer, already has a majority stake in digital car subscription and trading startup Carbar following a $16.8 million raise in 2019. Founded in Melbourne in 2016 as a virtual car dealership, Carbar now has 80 employees… Read more »

Topics

Vehicle subscription service Carbar is now buying startup fleets

Simon Thomsen - October 25, 2019 2 MIN READ

Carbar CEO Des Hang (right) with his co-founders Davie Saw, Kenneth Teh and Richard Chen. Source: supplied Carbar, the vehicle subscription service backed by insurance giant IAG, has moved into fleet purchase, buying the cars of Sydney property tech startup Propper. Propper is continuing to use the cars via subscription, with founder and CEO Ash… Read more »

Topics

Insurance giant IAG has paid millions for a majority stake in vehicle hire startup Carbar

Simon Thomsen - July 19, 2019 3 MIN READ

Carbar CEO Des Hang (right) with his co-founders Davie Saw, Kenneth Teh and Richard Chen. Source: supplied The Melbourne startup has introduced monthly subscription car hire to Australia It’s just launched in Sydney and will use the cash injection to roll out nationally in 2020 IAG is hoping to gain a better understanding of consumer… Read more »

Carbar
Advice

Melbourne startup Carbar has launched a weekly subscription service for cars

Gina Baldassarre - August 31, 2018 3 MIN READ

, Melbourne startup Carbar was originally launched in late 2016 as a ‘virtual’ car dealership, allowing customers to buy and sell used cars online.

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