Autochek, the automotive technology company has flagged off its widened operation in Kenya as part of its pan-African expansion.
Speaking at the official launch event in Nairobi, Founder and CEO of Autochek Etop Ikpe noted that with Kenya having a high credit penetration rate of 27.5 percent and over 400,000 car sales year on year, the country is an exciting market for the company to be expanding into.
“We have had great success in our pilots by adapting and tailoring our solutions for different consumers. As we expand our operations in Kenya,” he said.
Ikpe has identified East Africa’s growing market as being positioned as a key auto financing hub.
To lead its Kenya operations, Autochek has appointed Bilhah Muriithi as the Country Manager.
Having recently acquired automotive marketplaces Cheki Kenya and Cheki Uganda from Africa Ringier One Africa Media (ROAM ).
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“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 will leverage its 360-degree automotive solutions to provide vehicle financing and after-sales services through its finance partners that included NCBA Group, Caritas and Sidian among others.
The move into the Kenyan market signals Autochek’s focus on building digital solutions that will increase market adoption for auto loan financing and drive partner prosperity for its core stakeholders, such as dealerships, garages and financial institutions.
Launched in 2020, Autochek is an automotive technology company established to build digital solutions to enhance and enable automotive commerce across Africa.
