The CoinAfrique app has been downloaded more than 2 million times, with 800,000 monthly active users and 60,000 new ads per month. Francophone Africa is home to many of the fastest-growing economies on the continent, as well as the fastest-growing brand new car market – Côte d’Ivoire. With this acquisition, Autochek will be positioned to leverage CoinAfrique’s extensive database across Francophone Africa to facilitate auto financing for consumers and SMEs across this region to purchase their desired vehicles. Autochek is building the financial infrastructure to drive the penetration of auto financing across Africa, powered by a data analytics engine that makes it easier for financial institutions to offer credit to consumers. About AutochekAutochek is an automotive technology development company that is building the infrastructure to make car ownership more accessible and affordable in Africa.

Source: The North Africa Journal July 07, 2022 22:22 UTC