Africa: Autochek Acquires CoinAfrique to Grow Its Footprint in Francophone Africa

Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan auto marketplace KIFAL Auto, marking its foray into North Africa.

Autochek said it will tap CoinAfrique’s regional customer base in Francophone Africa to accelerate its car financing services. The classified ad marketplace is said to attract 60,000 new ads and 1.5 million visits every month, with the car category accounting for 50% of the business transactions happening on the site.