Autochek, the automotive know-how firm making automotive possession extra accessible and inexpensive throughout Africa, has introduced the launch of Autochek Monetary Providers, a brand new arm of the enterprise that can concentrate on offering a variety of car financing options for shoppers and companies throughout the continent.
Autochek Monetary Providers will proceed to help Autochek’s Market platform, which companions with automotive sellers and different service suppliers to make it simpler for shoppers and companies to finance their automobiles. It is going to additionally present best-in-class know-how and advisory options to automotive sellers, monetary establishments, and different stakeholders in Africa’s automotive ecosystem, supporting them to enhance credit score decisioning, collections, pricing, portfolio administration, and product growth, in addition to ship an enhanced buyer expertise.
Since launching in 2020, Autochek has pushed the penetration of auto-financing throughout Africa, enabling extra shoppers and companies throughout North, West and East Africa to entry financing options to buy their desired automobiles. In lower than two years of operations, the corporate has labored with greater than 70 monetary establishments and greater than 2,000 dealerships to course of greater than 80,000 automotive mortgage functions.
Leveraging the huge attain of its on-line market, the corporate originates auto loans powered by information analytics that makes it simpler for monetary establishments to supply credit score to shoppers. With the launch of Autochek Monetary Providers, the corporate is now positioned to double down its efforts to speed up entry to finance for Africans, and to enhance the pace, construction, and pricing of auto-financing on the continent.
Headquartered in Johannesburg, South Africa, Autochek Monetary Providers shall be led by Johan van der Merwe, a monetary providers veteran with greater than 20 years’ expertise in threat, credit score, and asset finance.
Earlier than becoming a member of Autochek Monetary Providers as CEO, Johan had earlier roles as Chief Threat Officer at WesBank Motor (one in every of South Africa’s main automobile and asset finance suppliers) and SA Taxi (a vertically built-in firm that gives financing, insurance coverage, and different providers for the minibus taxi business in South Africa). He’ll head a management staff with greater than 60 years of Africa-focused automotive and ecommerce expertise.
Based on Etop Ikpe, Group CEO and co-founder of Autochek, “Johan brings a wealth of expertise to Autochek Monetary Providers and we’re excited to have him on board as we construct the infrastructure to rework automotive commerce throughout Africa. We wish to empower extra Africans with seamless entry to automobile financing and we’re trying ahead to delivering extra options to bridge the affordability hole and make it simpler for extra Africans to buy the automobiles they need”.
Johan van der Merwe, Chief Government Officer of Autochek Monetary Providers, mentioned “there’s a nice alternative to drive shared worth for shoppers, producers, monetary establishments and different stakeholders by unlocking financing and I strongly imagine that we are able to construct the infrastructure to make this occur. Etop and the staff have executed lots of excellent work to ship the success Autochek has seen so far and I’m trying ahead to working with them to ship extra success and extra development throughout the continent’s automotive sector”
