Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has been named as the Mobility Finance Platform of the Year at the 2022 Nigerian Business Leadership Awards (NBLA).
The Nigerian Business Leadership Awards celebrates business leaders and visionary companies that deliver game changing products and services that impact lives and livelihoods across the country. The Mobility Finance Platform of the Year award recognizes Autochek as the company with the most outstanding financing models that is democratizing access to automobile ownership and driving innovation in the automotive sector.
Since the first edition that took place in 2019, the NBLA Awards has established itself as the most prestigious and credible awards system for non-listed companies in the real sectors of the Nigerian economy. Each year, the awards recognize exceptional business leaders and visionary companies upping the game in their sectors through innovative products, excellent services, and forward-thinking executive thought leadership.
Commenting on the award, Autochek Senior Vice President, West Africa, Mayokun Fadeyibi said, “We are excited to receive this award on behalf of the Autochek marketplace and Autochek Financing Services as recognition of the work we are doing to drive the penetration of automotive financing in Nigeria and across Africa. We believe there is a great opportunity to catalyze more prosperity in our automotive sector and we look forward to enabling more of these opportunities for consumers, vehicle manufacturers and other stakeholders in the sector.”
Launched in 2020, Autochek is driving the penetration of auto-financing across Africa, enabling more consumers and businesses across North, West and East Africa to access financing solutions to purchase their desired vehicles. In less than two years of operations, the company has worked with more than 70 financial institutions and more than 2,000 dealerships to process more than 80,000 car loan applications. Leveraging the vast reach of its online marketplace, the company originates auto loans powered by data analytics that makes it easier for financial institutions to offer credit to consumer
As an automotive technology development company with active operations in 9 countries across East, West and North Africa, a partner-led retail footprint in over 2,000 dealers and workshop locations, and more than 70 banking partners, Autochek is improving Africa’s automotive finance value proposition by bringing all relevant stakeholders together to enable easier access to more financing options as a catalyst for growth in Africa’s automotive industry.
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