31 Jul '12, 2am

@AutoMoneyBack, which offers group buying for cars, gets US$200,000 in seed funding

@AutoMoneyBack, which offers group buying for cars, gets US$200,000 in seed funding

AutoMoneyBack, which offers group buying for cars, gets US$200,000 in seed funding July 31, 2012 by Terence LEE AutoMoneyBack , a website that offers a range of services for car and home buyers, closed a seed funding of S$250,000 (US$200,000) from a group of private investors last month. The startup also relaunched their services this year and publicized it through an outdoor campaign involving taxis. They plan to use the funds to expand their operations and engage in more marketing activities. AutoMoneyBack essentially serves as a one-stop destination for a variety of loans and insurance products for vehicles and homes. They also have assistance schemes designed to help aspiring car owners make the right purchasing decisions and existing car owners to sell their vehicles. For customers who would like to buy their car at a deep discount and don’t mind waiting, the website ...

Full article: http://sgentrepreneurs.com/news-stop/2012/07/31/automoney...

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