Autochek has acquired a majority stake in Egypt’s AutoTager to strengthen pan-African footprint, ten months after it expanded into North Africa. This is its second acquisition in the region.
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Autochek has launched a financial services arm to focus on providing a range of vehicle financing solutions for consumers and businesses in Africa.
Autochek has acquired CoinAfrique to accelerate the penetration of its auto financing services in Francophone Africa.
“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.