Today, Autochek adds another African-based startup ads company, CoinAfrique to its list of subsidiaries. The acquisition deal continues Autochek’s sole motive of expanding standard auto financing deals to a broader market ecosystem in Africa. The CoinAfrique acquisition is based on Autochek’s preference of integrating its subsidiary’s resources to develop its auto financing business, at the expense of entering new markets – especially the marketplace that accepts Autochek as a pioneer electronic dealership.
The executive head of both Autochek and CoinAfrique affirmed the acquisition deal that is projected to double the two million active users trading the most preferred automotive deal and other e-commerce-related buying and selling ops. The Autochek CEO, Etop Ikpe congratulated CoinAfrique co-founders, Matthias Papet and Eric Genetre to have developed a standard marketing platform suitable for corporate integration with Autochek’s platform.
Recall that the Moroccan automotive marketplace recently welcome Autochek business for acquiring their indigenous KIFAL Auto company. The Moroccan deal succeeded because Autochek is a giant automotive dealership financer in the Eastern and Western Africa automotive sales industry. Autochek’s current status quo is accomplished by plying the basic business scheme of integrating its subsidiary’s primary services fused with Autochek’s e-dealership sales inventory. This explains why Autochek acquires CoinAfrique today. CoinAfrique reportedly served ten French-speaking countries with classified ads.
It is a no-brainer that Autochek’s automotive e-dealership platform will be introduced as a sponsored ad amongst CoinAfrique list of classified ads within the enlisted French-speaking marketplace such as Cote d’Ivoire, Senegal, Benin, Seychelles, Central African Republic, etc. CoinAfrique has pioneered the francophone classified ads marketplace for seven years and counting. Still, CoinAfrique’s chief executive deem fit to buy Autochek’s acquisition offer and play a subsidized role as a backbone of Autochek, its parent company.
CoinAfrique’s list of classified ads is based on different categories such as electronics, automobiles, real estate, and other goods to bolster e-commerce innovation in Africa. Today, an automotive dealership financer is added to the list of classified ads available in CoinAfrique’s catalogue. The Francophonie ad platform boasts millions of downloads via the Google Play Store. This has pushed the classified ad creator’s development, having completed thousands of ads posted on CoinAfrique.
The CoinAfrique classified ad platform has reportedly published automotive ads before Autochek’s acquisition. Now, CoinAfrique automotive search requests will display automotive deals offered directly from Autochek’s inventory.
Recall that the African digital marketplace has experienced the same business deal where JiJi acquired Cars45 to promote intertwined automotive sales. Autochek is expected to experience a spike in automotive sales having the likes of CoinAfrique and KIFAL Auto as primary subsidiaries inclined with Autochek’s business motives.