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Lagos-based and founded automotive tech startup Autochek has expanded its operations and launched in Kenya. The expansion forms part of the tech startups’ pan-African expansion.
Autochek launches in Kenya
After the acquisition of automotive marketplaces Cheki Kenya and Cheki Uganda from ROAM Africa (Ringier One Africa Media), the move into the Kenyan market indicates that the tech startup is committed to establishing digital solutions in the automotive space.
Etop Ikpe, Founder and CEO of Autochek comments on the official launch in Nairobi.
“With a high credit penetration rate, Kenya is an exciting market for us to be expanding into. The Kenyan market presents an opportunity for us to build on what Cheki Kenya has done over the last decade and to build technology solutions that will drive growth in Africa’s automotive industry. We’ve had great success in our pilots by adapting and tailoring our solutions for different consumers. As we expand our operations in Kenya, we are excited to welcome Bilhah on board, who we found to be a strong leader with a solid background in the finance and automotive sector, and is equipped to lead the team in Kenya as we continue to expand our footprint across East Africa and beyond.”
Founded in 2020, the newly launched automotive tech startup aims to create solutions that will enable and enhance commerce within the automotive sector.
The tech startup aims to establish solutions that will create easy access to auto loans, maintenance services, warranty solutions and transactional marketplaces.
Currently, the tech startup is operational in both West and East Africa but plans to expand its offering. With its innovative residual value algorithm, the tech startup is able to pre-qualify customers for financing and provide loans within 48 hours of application. The tech startup has partnered with 68 financial institutions to build a strong network and provide accessible financial services to its customers.
The tech startup’s mobile app is available on Android and through its web application. Users are assured that all vehicles undergo a 150-point check inspection process before being listed on its platform.
Featured image: Autochek, Supplied