Autochek, an automotive know-how firm making automobile possession extra accessible and reasonably priced throughout Africa, has introduced the launch of Autochek Monetary Companies.
- Launched in October 2020 and operational throughout East, West and North Africa, Autochek combines know-how, underpinned by information analytics to deepen auto finance penetration throughout the continent.
- 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 customers.
- In an announcement, the startup disclosed that the brand new fintech arm of the enterprise will deal with offering a spread of car financing options for customers and companies throughout the continent.
- In keeping with funding database, Autochek has raised $16.5 million throughout two funding rounds (primarily based on disclosed rounds) because it was launched in 2020. The startup has additionally expanded aggressively throughout Africa by acquisitions in East, and North Africa over the past one yr.
- The brand new fintech arm might be primarily based in Johannesburg, South Africa and led by Johan van der Merwe, a monetary providers veteran with greater than 20 years of expertise in threat, credit score and asset finance.
