Following the company’s acquisition of automotive marketplaces Cheki Kenya and Cheki Uganda from Ringier One Africa Media (ROAM) Africa, Autochek has officially launched operations in Kenya.
Having established itself across Nigeria, Autochek seeks to expand its automotive digital solutions across pan-Africa. The company’s move into the Kenyan market marks the beginning of this expansion.
At the official launch of the company in Nairobi, Kenya, Etop Ikpe, founder and CEO of Autochek said:
“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.”
He further stated that the company has had great success in its pilots by adapting and tailoring solutions for different consumers.
In line with the expansion, Autochek appointed Bilhah Muriithi as the country manager to lead operations in Kenya.
“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.”
Autochek was founded in 2020 and within a short period, the startup has made applaudable traction. Its goal is to create innovative solutions to enable and enhance commerce, creating value across the automotive industry.
The automotive and car financing company provides access to auto loans, maintenance services, warranty solutions and transactional marketplaces, making car ownership possible and affordable. So far, the startup has partnered with 68 financial institutions to build a strong network and provide accessible financial services to its customers.
Backed by TLcom Capital and 4DX Ventures, the company’s loan provision can be accessed within 48 hours of application. All vehicles undergo a 150-point check inspection process before being listed on its platform.
Leveraging its 360-degree automotive solutions, Autochek provides vehicle financing and after-sales services through its finance partners including NCBA Group, Caritas MFB, KKVL, Musoni and Sidian.