Carly raises $10m to buy cars

SUBSCRIPTION service Carly Holdings has made a timely twist to its business model, opening a $10 million asset finance facility that assures an ongoing income stream and customer service.

The funding, the biggest in the listed Australian company’s history, will be used solely to buy a fleet of vehicles to complement existing vehicles sourced from dealers’ stocks.

Carly used stock held by dealers to supply to customers of its subscription service, providing an additional…

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