About Autocheck Africa
Autocheck Africa is a company based in Lagos (Nigeria) founded in 2011 by Iyamu Mohammed and Etop Ikpe.. Autocheck Africa has raised $16.91 million across 2 funding rounds from investors including 4DX Ventures, TLcom Capital Partners and Golden Palm Investments. Autocheck Africa has completed 5 acquisitions, including Auto Tager, Cheki and ChekiNigeria. Autocheck Africa offers products and services including Auto Loans Solution, Maintenance Services, Warranty Solutions, and Transactional Marketplaces. Autocheck Africa operates in a competitive market with competitors including ChekiNigeria, Boulos Enterprises, Buylikedealers, Nigeria Car Mart and NBF Autos, among others.
- Headquarter Lagos, Nigeria
- Founders Iyamu Mohammed, Etop Ikpe
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Autochek Africa
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.91 M (USD)
in 2 rounds
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Latest Funding Round
$13.1 M (USD), Seed
Oct 26, 2021
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Investors
4DX Ventures
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
Auto Tager
& 4 more
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Products & Services of Autocheck Africa
Autocheck Africa offers a comprehensive portfolio of products and services, including Auto Loans Solution, Maintenance Services, Warranty Solutions, and Transactional Marketplaces. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for improving access to vehicle loans in Africa
Solutions for quality vehicle maintenance and repairs
Tools for providing vehicle warranty and after-sales protection
Platforms for buying and selling vehicles with easy transactions
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Funding Insights of Autocheck Africa
Autocheck Africa has successfully raised a total of $16.91M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $13.1 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $13.1M
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First Round
First Round
(06 Aug 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Autocheck Africa | Valuation | 4DX Ventures , TLcom | |
| Aug, 2020 | Amount | Seed - Autocheck Africa | Valuation | TLcom , 4DX Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Autocheck Africa
Autocheck Africa has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include 4DX Ventures, TLcom Capital Partners and Golden Palm Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments in technology companies are targeted by 4DX Ventures.
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Founded Year | Domain | Location | |
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Tech & offline focused early & growth stage VC firm investing in Europe, Asia & the US
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Founded Year | Domain | Location | |
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Enza Capital is engaged in venture capital investments across Africa.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Autocheck Africa
Autocheck Africa has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Auto Tager, Cheki and ChekiNigeria. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online marketplace of second hand cars
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2021 | ||||
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Marketplace to buy and sell used cars
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2018 | ||||
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Pre-owned products are listed via an app-based platform for users.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Autocheck Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Autocheck Africa Comparisons
Competitors of Autocheck Africa
Autocheck Africa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ChekiNigeria, Boulos Enterprises, Buylikedealers, Nigeria Car Mart and NBF Autos, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cars are bought and sold through an online platform.
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| domain | founded_year | HQ Location |
Two-wheelers and four-wheelers are sold via an online platform.
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| domain | founded_year | HQ Location |
Operates as an online dealer specializing in the sale of used cars.
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| domain | founded_year | HQ Location |
Marketplace for used cars sales, purchases, and ads in Nigeria.
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| domain | founded_year | HQ Location |
Operates a classified portal for buying and selling new and pre-owned vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Autocheck Africa
Frequently Asked Questions about Autocheck Africa
When was Autocheck Africa founded?
Autocheck Africa was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is Autocheck Africa located?
Autocheck Africa is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Autocheck Africa?
Etop Ikpe is the current CEO of Autocheck Africa. They have also founded this company.
Is Autocheck Africa a funded company?
Autocheck Africa is a funded company, having raised a total of $16.91M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.81M, raised on Aug 06, 2020.
What does Autocheck Africa do?
Autocheck Africa was founded in 2011 and is headquartered in Lagos, Nigeria. Automotive technology is developed by the company to support trade in the automobile sector. Products are created to enable the purchase and sale of new and used vehicles through verified dealers and sellers. Operations extend to Nigeria and Kenya, where auto loans are also provided to users.
Who are the top competitors of Autocheck Africa?
Autocheck Africa's top competitors include ChekiNigeria, Boulos Enterprises and Buylikedealers.
What products or services does Autocheck Africa offer?
Autocheck Africa offers Auto Loans Solution, Maintenance Services, Warranty Solutions, and Transactional Marketplaces.
How many acquisitions has Autocheck Africa made?
Autocheck Africa has made 5 acquisitions, including Auto Tager, Cheki, and ChekiNigeria.
Who are Autocheck Africa's investors?
Autocheck Africa has 10 investors. Key investors include 4DX Ventures, TLcom Capital Partners, Golden Palm Investments, Enza Capital, and Mobility 54.