Shaping the future of Southeast Asia’s car industry through the CFO lens: On Call with Carro Group CFO Ernest Chew


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Joining us on call from Singapore is Ernest Chew, Chief Financial Officer (or Chief Future Officer, as he would consider it) at Carro Group, the largest and leading automobile marketplace in Southeast Asia. Ernest is the first CFO on our show, and he shares his journey from HSBC exec to tech company CFO, a rundown of the biggest financial developments in Carro since joining the company earlier this year, and his thoughts on how to think about startup growth from the CFO perspective. This call was recorded 12 November 2020.



1:42 Ernest's story from HSBC exec to Carro CFO;

4:06 Lessons on corporate to startup transition;

7:44 First Day as Carro CFO;

10:58 How Carro stayed EBITDA positive in the past nine months;

11:53 Thought process behind Carro raising debt financing;

13:49 Will the used car market growth last post-pandemic?;

15:43 Advice for building ecosystems / flywheeling marketplaces;

16:29 Advice on balancing risks with spending;

17:32 Reaching billion dollar run rate by 2022;

18:22 Carro's exit options;

19:29 Rapid Fire Round: 3 skills of CFOs, recommended books, places to travel, etc.;

About our guest

Ernest Chew is Chief Financial Officer at Carro Group. Before joining Carro, he spent more than a decade working at HSBC, where he rose through the ranks to become Head of the Capital Goods and Automotive Investment in Asia Pacific. He received his bachelors from the University of Nottingham and his masters in Engineering from Cambridge University. He now brings his broad experience in capital raising, financing and M&A advisory to Carro.


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The content of this podcast is for informational purposes only, should not be taken as legal, tax, or business advice or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any Insignia Ventures fund.

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