Home Business Autochek partners with Fintech Startup, Mono to deliver easy vehicle loans

Autochek partners with Fintech Startup, Mono to deliver easy vehicle loans

Autochek (formerly Cheki) is a leading, tech-enabled, automobile marketplace that aims to build solutions for the African market. Apart from providing a reliable platform where individuals and small businesses can purchase, sell, or service their vehicles, Autochek’s mission is to provide consumers with access to easy vehicle loans.

According to a press release on mono website, Autochek has partnered with Mono, a Nigerian API fintech startup, to make it easier and seamless to verify vehicle loan applicants.

Powering vehicle financing for everyone

Autochek’s mission to make it easier for users to purchase vehicles and pay in affordable, monthly instalments needed to be powered by reliable infrastructure that helps the company make these credit decisions.

Equipped with sufficient income information through Statement Pages from Mono, the Underwriting team at Autochek is then able to accurately qualify these customers for vehicle financing.

In our conversation with John Egwu, Autochek’s VP of Operations, he said, “Our aim is to deliver a seamless experience for our users and as part of that, we were looking for a frictionless way of qualifying our customers for vehicle financing as well as obtaining bank statements to assess their creditworthiness.

After making a switch to Mono Statement Pages, many of our customers are now able to share bank statements directly from their banks, and our interactions with customers are better streamlined. A stable service for statement collection is essential to our customers’ journey map and decision making by our various teams. Here at Autochek, the Underwriting and Customer Success teams use Statement pages, alongside the Engineering and Product teams.”

Impact and speed that trickle down to the customer

“In addition to Bank Statements, the Mono team also continuously adds more banks to its existing list of connections. It is very common for customers to move their money between institutions, and if their preferred financial institutions are not listed, that throws a cog in the seamless process.”

Since launching in 2020, Autochek has raised $3.4 million in its pre-seed round to enhance auto trade and auto finance across Africa, by creating a single marketplace for all automobile needs. We’re happy to be powering this ambitious team to achieve all it has set out to. To purchase a car or get access to a car loan, download the Autochek app on the Google Play Store or visit https://autochek.africa/

Read more: Autochek Partners Automobile Dealers Union of Ghana (ADUG) on Affordable Car Loans

Ndaman Joshua Olayinkahttp://www.yinksmedia.com
Tech Zealot and Passionate about writing everything concerning it. I support Arsenal.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Binance set to launch a Groundbreaking NFT Marketplace, Binance NFT in June 2021

Binance, the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume is set to launch Binance NFT, the...

Infinix Launches All-New Hot 10T with 48mp triple camera, MediaTek Helio G70 Gaming Processor

Infinix today unveiled the all-new Hot 10T Seriesthe highly anticipated gaming and entertainment smartphone addition to the Hot 10 portfolio. The Infinix Hot 10T...

Dangote Cement to pay N40.39 bn in Corporate Tax

Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational...

Discover the “New wave of Nigerian cinema”: a new stylistic approach and aesthetic are emerging in Nigerian cinema

The organisers of NollywoodWeek film festival, have shared that this year’s online edition will showcase films that hint at the emergence of...

Recent Comments