“Once there is a challenge with new cars, it affects the supply of used cars—more than 95% of vehicles in sub-Saharan Africa are used cars.”
Autochek has acquired KIFAL Auto to drive its expansion into North Africa. The acquisition is arguably the first major expansion of a West Africa-based startup into the region.
The capital will be deployed to bolster its core auto loan processing platform and deepen its footprint in West Africa, starting with its recent entry into Cote d’Ivoire.
Leading African automotive technology company, Autochek has begun its operations in Kenya. Bilhah Muriithi was appointed to lead its operation as the Country Manager.
AutoChek has reached an agreement with ROAM Africa to acquire Cheki Kenya and Cheki Uganda as part of its plans to expand further into the African Market
The partnership will see Autochek integrate with Appzone’s proprietary digital core banking service, BankOne, in facilitating access to credit from over 400 Microfinance institutions for Nigerians.
Autochek, the Nigerian Automotive start-up aims to increase footprint in Ghana as it enhances the buying and selling experience across Africa