Autochek
Autochek Africa is a Lagos-based automotive technology company operating a pan-African digital marketplace that connects car buyers, 1,500+ dealers, and 70+ financial institutions across nine African countries with integrated credit decisioning and loan origination.
- Company typePrivate
- Founded2021
- HeadquartersLagos, Nigeria
- Headcount251–500
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
What Autochek does
Autochek Africa is a Lagos-headquartered automotive technology company building a pan-African digital marketplace that integrates vehicle listings, credit decisioning, loan distribution, and after-sales services. Founded in 2020, the company serves three constituencies: individual car buyers seeking accessible financing, automotive dealers seeking digital distribution and inventory financing, and financial institutions seeking a digital channel for auto lending. Across nine African markets (Nigeria, Ghana, Uganda, Kenya, Côte d'Ivoire, Senegal, Morocco, and Egypt) the company operates country-specific storefronts, native iOS/Android apps, and a partner-led retail footprint of more than 1,500 dealer and workshop locations.
The platform is built around a digital loan-origination stack — a pre-qualification tool that evaluates BVN/bank-statement/employment data, an interactive loan calculator (terms 6–60 months, 40–70% down payment), and a 30-second credit-decision workflow that routes approved applications to a network of 70+ banking partners for underwriting. Adjacent products include cash/title loans of ₦2M–₦50M secured against vehicles, an online car-selling service, a Direct Sales Agent referral program, warranty solutions, and a recently launched virtual showroom for new-vehicle discovery in partnership with Mikano Motors. Vehicle verification ("Verified Cars") and 500+ service-center partners provide the after-sales layer.
The revenue model combines marketplace commissions on vehicle transactions, transaction fees on loan originations routed to bank partners, and interest on title-backed cash loans. Growth has been driven primarily through M&A: seven acquisitions between 2020 and 2023 (Cheki Nigeria and Ghana in September 2020, Cheki Kenya and Uganda in September 2021, Morocco's KIFAL Auto in May 2022, Francophone Africa's CoinAfrique in July 2022, and Egypt's AutoTager in April 2023). Capital support includes a $3.4M pre-seed in November 2020, a $13.1M seed round in October 2021 led by TLcom Capital and 4DX Ventures with Mobility 54 (Toyota Tsusho) and ASK Capital, and a Plug and Play relationship in 2024. The company is led by CEO Etop Ikpe, co-founder Iyamu Mohammed, and CTO Chetan Seth.
Autochek firmographics
Firmographics- Name
- Autochek
- Legal name
- Autochek Africa
- Website
- https://autochek.africa
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Autochek Africa is a Lagos-based automotive technology company operating a pan-African digital marketplace that connects car buyers, 1,500+ dealers, and 70+ financial institutions across nine African countries with integrated credit decisioning and loan origination.
- Ownership category
- akta.pro rank
Autochek industry classification
Industry- Product category
- Automotive Marketplace & Financing
- NAICS
- Automobile Dealers (4411), Used Car Dealers (441120), Motor Vehicle and Parts Dealers (441)
- SIC
- Retail-Auto Dealers & Gasoline Stations (5500)
- akta.pro primary industry
- New & Used Auto Purchase Loans (FSAKADAA)
- akta.pro secondary industries
- Auto / Vehicle Marketplace Lending (FSAKAHAF), Auto & Vehicle Loan Brokerage (FSAEAEAK), Auto Title Loans (FSAKALAB)
Keywords
Where Autochek is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices2 records
Markets served
Autochek business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Auto Loan Financing: Autochek facilitates auto loans between buyers and financial institution partners. The platform processes loan applications and connects borrowers with lenders. Revenue is generated through transaction fees and interest spread from financing arrangements with banking partners.
- Vehicle Sales Commission: The marketplace model connects car dealers with buyers. Autochek likely earns commissions or listing fees from dealers and facilitated sales on the platform.
- Cash Loans (Car Title Loans): Autochek provides cash loans to car owners using their vehicles as collateral. Customers can borrow between ₦2 million to ₦50 million while keeping their car. Revenue generated from interest on these loans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | 40% down payment required with loan terms 6-60 months |
| Subscription | Monthly | Cash loans from ₦2 million to ₦50 million for car owners |
| Subscription | Monthly | Vehicle financing with 30% down payment and 4-6 year terms |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Autochek product offering
Product offeringCore offering
Autochek operates a pan-African digital automotive marketplace platform that enables users to buy, sell, and finance vehicles online across 9 countries. The core offering integrates vehicle listings from verified dealers, multi-lender auto loan processing with pre-qualification tools, cash loans using vehicles as collateral, after-sales maintenance through partnered workshops, and warranty solutions for buyers. The platform connects car buyers, dealers, and financial institutions through a unified digital experience.
Product overview
Autochek is an Automotive Technology development company that builds solutions enabling and enhancing commerce within the automotive sector. The core offering is the Autochek Marketplace, a pan-African platform that operates as a one-stop shop for automotive needs across 9 countries. The platform integrates multiple products and services: the core Marketplace for buying and selling vehicles, Auto Loan/Car Financing for vehicle loans with pre-qualification tools, Cash Loans (car title loans) for collateral-based borrowing, Warranty Solutions for post-purchase protection, Autochek Workshop for maintenance services, and a Direct Sales Agent (DSA) program for referral-based distribution. The platform partners with 70+ banking institutions and 1,500+ dealers and workshop locations to provide comprehensive automotive commerce infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Autochek Marketplace Pan-African automotive marketplace platform enabling users to buy, sell, and finance vehicles online. Operates across 9 countries with over 1,500 dealers and workshop locations, connecting car buyers, dealers, and financial institutions.
- Auto Loan / Car Financing Vehicle financing service connecting buyers with financial institutions to obtain car loans. Offers pre-qualification tools, flexible repayment options up to 48 months, and 40% down payment requirements with 30-second credit decisions.
- Cash Loans (Car Title Loans)
Quantifiable outcome
- Over 50,000 loan applications processed
- +3 more outcomes
Companies that use Autochek
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Autochek technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Autochek partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Mikano MotorscoreStrategic partnership to launch a virtual showroom enabling users to discover and finance brand-new vehicles online. Under the agreement, customers can access vehicles digitally through the platform. Collaboration combines Mikano's vehicle portfolio (Changan and MAXUS brands) with Autochek's network of 21+ financial institutions.
- 21+ Financial InstitutionscoreAutochek partners with at least 21 financial institutions in Nigeria to provide vehicle financing solutions. These institutions provide the capital for loans processed through Autochek's digital platform, enabling 30-second credit decisions and flexible repayment terms.
- AutoTagercoreAutochek acquired a majority stake in AutoTager, an Egyptian automotive technology company. This acquisition marks Autochek's entry into Egypt and North Africa, supporting growth in the region where Egypt is a major market and investment hub.
- CoinAfriquecoreAutochek acquired CoinAfrique, a leading classified advertising platform in French-speaking Africa, to expand auto-financing services across Francophone Africa. The acquisition integrated auto-financing into CoinAfrique's broader classifieds business.
- KIFAL AutocoreAutochek acquired KIFAL Auto, a Moroccan automotive startup, to expand into North Africa. This acquisition leveraged Morocco's developing automotive industry valued at $4 billion in 2021.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Autochek competitors and assessment
Company assessmentDirect peers
- Carsome: Southeast Asia's largest integrated used-car marketplace with financing, inspection, and dealer network; closest comparable to Autochek in combining marketplace, dealer partnerships, and embedded auto loan origination across emerging markets.
- Carro: Singapore-headquartered online car marketplace with full-stack ownership of inventory, financing, and after-sales - directly comparable to Autochek's marketplace-plus-financing model in emerging Asia.
- Kavak: Latin America's largest used-car and financing platform operating across Mexico, Brazil, Argentina, and others; directly comparable as a multi-country emerging-market auto marketplace with embedded financing.
- OLX Autos: Operates used-car marketplaces with embedded financing in multiple emerging markets including Africa; closest emerging-market peer with marketplace-plus-credit DNA similar to Autochek.
- Cars45: Nigerian used-car inspection, auction, and marketplace platform (now part of AUTO24); a direct Nigeria-headquartered competitor overlapping on dealer and consumer auto commerce.
- Droom: India's full-stack online auto marketplace with vehicle inspection, financing, and warranty - closely analogous to Autochek's used-car marketplace plus loan origination model in another emerging market.
- CarDekho: India-based auto platform offering new/used car listings, comparisons, and embedded financing through partnerships with banks; comparable as a multi-product automotive commerce and fintech platform.
- Spinny: India's used-car full-stack platform with inventory ownership, financing, and warranty; comparable business model of curated used-vehicle commerce plus embedded credit.
Regional players
- AutoTrader South Africa: Largest automotive classifieds and marketplace in South Africa with financing integrations; comparable on marketplace-plus-finance model but focused on a different African geography.
Emerging players
- AutoFi: US-based online auto financing platform connecting dealers with lender networks; analogous in providing the digital loan origination and lender-distribution layer that Autochek provides to African dealers.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Autochek social profiles
Digital presenceAutochek financial estimates
Financial estimateRevenue estimate
Valuation estimate
Autochek leadership team
Management profileNumber of profiles
Profiles3 records
Autochek subsidiaries and ownership
Company hierarchySubsidiaries5 records
Autochek funding detail
Funding detailFunding overview
Funding rounds4 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Autochek M&A and investment
M&A and investmentM&A7 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Autochek
What does Autochek do?
Autochek operates a pan-African digital automotive marketplace platform that enables users to buy, sell, and finance vehicles online across 9 countries. The core offering integrates vehicle listings from verified dealers, multi-lender auto loan processing with pre-qualification tools, cash loans using vehicles as collateral, after-sales maintenance through partnered workshops, and warranty solutions for buyers. The platform connects car buyers, dealers, and financial institutions through a unified digital experience.
Is Autochek a public or private company?
Autochek is a private company. It is classified as venture growth investor backed and is currently operating.
When was Autochek founded?
Autochek was founded in 2021. It employs 251 to 500 people.
Where is Autochek based?
Autochek is headquartered in Lagos, Nigeria, in the Africa region.
How does Autochek make money?
Three revenue lines are on record. Auto Loan Financing is the primary driver. The others are vehicle Sales Commission and cash Loans (Car Title Loans).
Who are Autochek's main competitors?
Direct peers on record are Carsome, Carro, Kavak, OLX Autos, Cars45, Droom, CarDekho and Spinny. AutoTrader South Africa is listed as a regional player. AutoFi is listed as an emerging player.
Does Autochek have an API?
No public API is recorded for Autochek.
What industry is Autochek in?
Autochek's product category is Automotive Marketplace & Financing. Its primary akta.pro industry code is FSAKADAA, New & Used Auto Purchase Loans, with a secondary code of FSAKAHAF, Auto / Vehicle Marketplace Lending. Its NAICS code is 4411 and its SIC code is 5500.