Autochek, the automotive technology company, has announced a partnership with Appzone Group, a FinTech organisation, to provide Nigerians with access to car financing.
The partnership will see the Autochek platform integrating with Appzone’s proprietary digital core banking service, BankOne, in facilitating access to credit from over 400 Microfinance institutions for Nigerians.
Africa’s automobile is worth $45 billion a year, with only a five per cent financing penetration rate. Autochek’s partnership with Appzone is geared towards upending that figure and giving the power to the customer.
Autochek Chief Technology Officer Chetan Seth said the credit sourcing process starts with the listing