TechBookyBusiness
No Result
View All Result
Thursday, August 18, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Acquisition

Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
July 6, 2022
in Acquisition
Share on FacebookShare on Twitter

Nigeria’s automotive company Autochek has acquired CoinAfrique, a francophone-focused ad marketplace. The latest acquisition joins a chain of acquisitions the company has been embarking on these past months.

In May, Autochek acquired KIFAL Auto, a Morocco-based C2C used car marketplace that connects car buyers and sellers. KIFAL Auto was founded in 2019 by Nizar Abdalaoui Maane and is currently one of the market leaders in the auto marketplace space in Morocco. Its platform is one of the biggest in Morocco and it offers both used and new cars. Following this acquisition, Autochek became present in six African countries across East, North, and West Africa. Before KIFAL Auto’s acquisition, Autochek acquired Cheki Kenya and Uganda from Ringier One Africa Media (ROAM) in September, just months after acquiring the Nigerian and Ghanaian wings.

As part of the acquisition, CoinAfrique’s team will be joining Autochek’s team. Both teams will work together to run the region’s operations. Autochek will be leveraging CoinAfrique’s regional customer base in Francophone Africa to accelerate its car financing services. Founded in 2016 by Matthias Papet and Eric Genetre, the marketplace attracts 60,000 new ads and 1.5 million visits on a monthly basis. Its car category accounts for at least 50 percent of its business transactions. Autochek also wants to leverage Africa’s growing automotive market that’s expected to be valued at $142 billion by 2027.

In a statement, co-founder Matthias Papet said that “We see many opportunities to unlock value for users across all the categories on our platform and to expand into new countries, and we are looking forward to leveraging Autochek’s market-leading loans product and expertise to deliver more transformative experiences for our users.”

CoinAfrique classifieds ads marketplace is active in 12 Francophone markets and combined with Autochek’s presence in Nigeria, Ghana, Kenya, Ivory Coast, Uganda, and Morocco, both companies stand to gain a lot from the acquisition.

Total
28
Shares
Share 28
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Nigeria's Autochek Ventures Into North Africa With The Acquisition Of Morocco's KIFAL Auto
    Nigeria's Autochek Ventures Into North Africa With The…
  • Africa's Autochek Secures $13.1 Million In Seed Funding After Almost A Year Of Raising $3.4 Million In Its Pre-seed Round
    Africa's Autochek Secures $13.1 Million In Seed Funding…
  • Nigerian Auto-tech Company Autochek Acquires Cheki Kenya And Uganda From ROAM At An Undisclosed Amount
    Nigerian Auto-tech Company Autochek Acquires Cheki Kenya And…
  • eCommerce: Facebook Marketplace Is Now Open To Nigerians
    eCommerce: Facebook Marketplace Is Now Open To Nigerians
  • Kenya’s Sokowatch Raises $125 Million In Series B Financing, Changes Name To Wasoko
    Kenya’s Sokowatch Raises $125 Million In Series B Financing,…
  • Jiji Acquires Cars45 For An Undisclosed Amount, Plans Expansion
    Jiji Acquires Cars45 For An Undisclosed Amount, Plans…
  • Egyptian Online Used Car Platform Sylndr Gets $12.6 Million In Pre-seed Funding
    Egyptian Online Used Car Platform Sylndr Gets $12.6 Million…
  • Creditas, A Brazilian Fintech Secures A Series F Of $260 Million At A Valuation Of $4.8 Billion
    Creditas, A Brazilian Fintech Secures A Series F Of $260…
Tags: AcquisitionAutochekcarsClassifiedsCoinAfriquemarket
Previous Post

South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token

Next Post

Twitter Cuts 30 Percent Of Its Talent Acquisition Team

Next Post
Russian Court Slaps Twitter With A Fine For Not Deleting Banned Content

Twitter Cuts 30 Percent Of Its Talent Acquisition Team

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Crypto Hacks Surged 60 Percent Between January And July 2022
  • Tencent Reports First-ever Revenue Drop, Takes A Hit From Covid-19 Resurgence And Increased Gaming Regulations
  • Nigeria Records E-payment Transactions Worth ₦204.5 Trillion Between January And July 2022
  • Tencent Music Reports Better-than-expected Second Quarter Revenue
  • Kenya’s Lori Systems Raises Series B Funding From Google And Others To Scale Its Digital Transport Management Solutions

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • resume
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Tips
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 Q2 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jul    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • resume
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Tips
  • Venture Capital

Recent News

  • Crypto Hacks Surged 60 Percent Between January And July 2022
  • Tencent Reports First-ever Revenue Drop, Takes A Hit From Covid-19 Resurgence And Increased Gaming Regulations
  • Nigeria Records E-payment Transactions Worth ₦204.5 Trillion Between January And July 2022
  • Tencent Music Reports Better-than-expected Second Quarter Revenue
  • Kenya’s Lori Systems Raises Series B Funding From Google And Others To Scale Its Digital Transport Management Solutions
  • Nigeria’s Pastel, A Bookkeeping And Digital Platform For Merchants, Secures $5.5 Million Seed Funding

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$23,326.00-2.44%
  • ethereumEthereum(ETH)$1,833.66-2.47%
  • tetherTether(USDT)$1.00-0.22%
  • usd-coinUSD Coin(USDC)$1.00-0.16%
  • binancecoinBNB(BNB)$306.24-3.46%
  • rippleXRP(XRP)$0.3815290.80%
  • Binance USDBinance USD(BUSD)$1.00-0.36%
  • cardanoCardano(ADA)$0.54-4.35%
  • SolanaSolana(SOL)$40.49-6.31%
  • dogecoinDogecoin(DOGE)$0.080360-8.07%
  • polkadotPolkadot(DOT)$8.37-5.53%
  • Shiba InuShiba Inu(SHIB)$0.000015-7.18%
  • AvalancheAvalanche(AVAX)$25.46-6.73%
  • matic-networkPolygon(MATIC)$0.88-5.99%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%