Autochek Africa

Autochek is an Automotive Technology development company that builds solutions aimed at enabling and enhancing commerce within the automotive sector.

Autochek looks to bring the sales and servicing of cars in Africa online.

Autochek Africa was founded in 2020 by Etop Ikpe. The company is headquartered in Lagos, Lagos, Nigeria.

 

Autochek has created a network of partners and standards. The company generates revenues through fees charged on consumer transactions and commissions paid by dealers and service shops on the platform. Consumers can sign up and use the Autochek app for free.

 

Autochek has partnerships with 70 banks, such as Access Bank, Ecobank, UBA, Bank of Africa and NCBA Bank. These banks have processed more than 46,000 loan applications to date.

 

Autochek launched a financing product for trucks and new cars. More than 1,200 dealerships use Autochek’s network and over 15,000 financeable vehicles are on the marketplace across all markets.

 

Autochek is backed by TLcom Capital, 4DX ventures, Golden Palm Investments, Lateral Capital, MSA Capital, Enza Capital, Lateral Capital, ASK Capital, Mobility 54 Investment SAS, and others. The company raised $13.1M in Seed round on Oct 26, 2021. This brings Autochek's total funding to $16.5M to date.

 

 

  • Year founded: 2020
  • Funding Info: $16.5M over 2 Rounds (Latest Funding Type: Seed- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Lagos
  • State: Lagos
  • Country: Nigeria
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