Vroom vroom! Meet Mobee. This startup lets you buy and sell used cars easily. Oh, and they’ve just raised funding from Kaya Founders.

• They target consumers and small, medium-sized dealers.
• They’re active in the Philippines, Indonesia, and Malaysia.
• From 2023 to 2024, their organic growth rate has shot up by over 300%.
• They project a gross transaction value run-rate of $30M by year-end.

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🚗 What’s the issue?

The traditional way to buy cars takes way too long. It usually takes a week to finish the searches, inspections, and negotiations.

• What’s worse? When you’re done with all that, around 70% of transactions run into issues with the documentation process.

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🤝🏼 The process

Step 1. Instantly get an online quotation.

Step 2. Schedule a free vehicle inspection.

Step 3. Wait for someone to give you a final offer for your car.

Once you get an offer for your car, you have 24 hours to accept the final offer. After you accept it, you can schedule a vehicle collection.

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💰 What’s with the $$$?

They’ll double down on the Philippines and introduce new services in Malaysia and Indonesia.

• They’ll also develop their core technology and strengthen their dealer service ecosystem with refurbishments, warranties, and financing options to level the playing field for SMEs to compete head-on with larger players.