Automotive technology startup starts in Kenya

The automotive tech startup Autochek, based in Lagos, has expanded its activities and founded it in Kenya. The expansion is part of the pan-African expansion of tech startups.

Autochek starts in Kenya

After the acquisition of the automobile marketplaces Cheki Kenya and Cheki Uganda from ROAM Africa (Ringier One Africa Media), the entry into the Kenyan market shows that the tech startup is striving to establish digital solutions in the automotive sector.

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 expand into. The Kenyan market gives us an opportunity to build on what Cheki Kenya has achieved over the past decade and develop technology solutions that will fuel the growth of the African automotive industry. We have had great success in our pilot projects by adapting and tailoring our solutions for different consumers. As we expand our operations in Kenya, we are excited to have Bilhah on board who we believe is a strong leader with a solid background in the financial and automotive sectors and who is able to lead the team in Kenya, as we continue to expand our footprint in East Africa and beyond. “

Autochek

The newly founded automotive tech startup, founded in 2020, has set itself the goal of developing solutions that enable and improve trade in the automotive sector.

The tech startup aims to establish solutions that allow easy access to car loans, maintenance services, warranty solutions and transaction marketplaces.

The tech startup is currently active 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 submitting an application. The tech startup has teamed up with 68 financial institutions to build a strong network and offer accessible financial services to its customers.

Autochek is supported by TLcom Capital and 4DX Ventures.

The tech startup’s mobile app is available on Android and via its web application. Users are assured that all vehicles undergo a 150-point check inspection process before they are listed on the platform.

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Featured image: Autochek, included

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