Autochek, the automotive know-how firm making automobile possession extra accessible and inexpensive throughout Africa, has partnered with Constancy Financial institution, Ghana’s largest privately-owned indigenous financial institution, to supply simpler entry to extra financing choices for customers and companies as a catalyst for development in Ghana’s automotive sector.
Because the acquisition of Cheki Ghana in 2020, Autochek has been constructing the monetary infrastructure to drive the penetration of auto financing in Ghana and throughout Africa, powered by a knowledge analytics engine that makes it simpler for monetary establishments to supply credit score to customers and companies. This new partnership will make it simpler for customers and companies throughout Ghana to leverage Constancy Financial institution’s vary of financing choices to buy the specified autos through the Autochek platform.
Ghana is without doubt one of the quickest rising car markets in Africa, projected to succeed in $11 billion in worth by 2026, with a powerful marketplace for used vehicles and rising marketplace for new vehicles. Nevertheless, a fragmented market means stakeholders are sometimes working in silos which ends up in varied inefficiencies throughout the worth chain. Autochek is bringing collectively all related stakeholders to enhance the automotive finance worth proposition throughout the continent and drive shared worth for customers, producers, monetary establishments and different stakeholders.
When clients determine a car that’s obtainable for financing on the Autochek platform, they merely must fill a brief kind to use for the autoloan. In the event that they meet the required standards, they may start to obtain gives from monetary establishments corresponding to Constancy Financial institution in Ghana. When the client accepts the supply, they can obtain their car inside 3 – 5 days.
In accordance with Ayo Olabisi, Nation Supervisor at Autochek, “Our mission is to deepen the penetration of auto financing throughout Africa, and Ghana represents a major market on that mission. Constancy Financial institution has a longtime popularity for delivering nice services and products and we’re trying ahead to working extra carefully with them to attach extra Ghanaians to auto financing that works for them and different stakeholders within the automotive trade.
Nana Esi Idun-Arkhurst, Divisional Director, Retail Banking at Constancy Financial institution mentioned “This partnership with Autocheck is to assist people and companies to buy their dream vehicles at aggressive charges and with out stress. Now we have an thrilling vary of financing choices that they will benefit from and we’re assured that with Autochek’s know-how, we’ll obtain vital impression throughout Ghana’s automotive worth chain”.
This collaboration emphasizes our dedication to companion with related stakeholders to roll out services and products that align to the wants of our quite a few clients and non-customers alike”, she added.
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