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Autochek Nigeria

“Can an asset-light automotive marketplace become the pan-African auto-lending origination rail between banks and dealers?”

Founded2020
HQLagos, Nigeria
FoundersEtop Ikpe
Total raised$16.5M+
Latest roundSeed, October 2021
IndustryVertical SaaS / Automotive
The story

Founded 2020 by Etop Ikpe (ex-Cars45) as an asset-light automotive marketplace across Africa, growing rapidly via acquisitions of Cheki Nigeria/Ghana and expansions into Kenya, Uganda, Morocco and Côte d'Ivoire. The strategic shift came in 2023 when the company spun out Autochek Financial Services as a dedicated subsidiary — signalling that auto lending, not marketplace GMV, is the primary monetization thesis. Now positions itself as the credit-underwriting rail between 70+ banks and 2,000+ dealerships across Africa.

Last 12 months
2025-08
2023-08
Product timeline
2020
Autochek launched by Etop Ikpe; acquired Cheki Nigeria and Cheki Ghana from ROAM Africa· acquisition
2020
Closed $3.4M pre-seed round led by TLcom Capital and 4DX Ventures· funding
2021
Raised $13.1M seed round to scale auto marketplace and financing across Africa· funding
2023
Spun out Autochek Financial Services as a South Africa-based subsidiary focused on vehicle financing· pivot
Acquisitions
Cheki Nigeria2020
Acquired automotive marketplace from ROAM Africa to seed Autochek's Nigerian dealer network
Cheki Ghana2020
Acquired automotive marketplace from ROAM Africa to enter Ghana
Same company
Autochek Nigeria was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
Autochek Africa2 layers →Autochek0 layers →
The stack
1 layer disclosed in Autochek Nigeria’s embedded-finance stack
Lending
Autochek Financial Services (in-house)Auto loans (partner banks originated via Autochek)Autochek Cash Loan (car-collateralized, up to ₦50M, 3-48 months)
Accounting gap: none

Autochek Nigeria — frequently asked

Who provides Autochek Nigeria's lending?

Autochek Nigeria's lending and capital products are provided by Autochek Financial Services (in-house).

Who founded Autochek Nigeria?

Autochek Nigeria was founded by Etop Ikpe and is founded in 2020, headquartered in Lagos, Nigeria.

How much funding has Autochek Nigeria raised?

Autochek Nigeria has raised $16.5M+ in total (latest round: Seed, October 2021).

What companies has Autochek Nigeria acquired?

Autochek Nigeria's acquisitions include Cheki Nigeria (2020) and Cheki Ghana (2020).

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