Autochek

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.

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

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

• Automotive marketplace
• Auto loan financing
• Car title loans
• Vehicle sales platform
• Automotive technology

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

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

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core 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

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Mikano MotorscoreStrategic or Co-development Partner · 1 March 2026Strategic 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 InstitutionscoreChannel Partner/ Reseller/ Distributor · 1 March 2026Autochek 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.
• AutoTagercoreStrategic or Co-development Partner · 1 April 2023Autochek 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.
• CoinAfriquecoreStrategic or Co-development Partner · 1 July 2022Autochek 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 AutocoreStrategic or Co-development Partner · 1 May 2022Autochek 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

Direct 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

• Xx.com/AutochekAfrica

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Autochek