Meet the Cars45 Mafia: ex-employees turned founders
Etop Ikpe, founder and CEO of AutoChek, transitioned from Cars45 to establish a successful automotive startup that has raised over $16.5 million. Femi Oriowo co-founded Carbin Africa after gaining experience as a dealer partner at Cars45, helping dealerships improve inventory turnover.
Carbin Africa: How this Nigerian automotive startup hit a billion GMV in one year
Carbin Africa was founded in 2023 to address slow inventory turnover in Nigeria's automotive market. The startup has sold over 1,000 cars in its first three years and exceeded a billion Naira in Gross Merchandise Value since March 2024.
Inflationary Pressures Prompt Innovative Financing Shifts Among Car Loan Startups to Sustain Buyer Interest
Auto finance companies provide consumers with the flexibility to purchase vehicles from dealers and make payments over an extended period. Three companies interviewed by TechCabal are focusing on financing vehicles in specific areas, evaluating demand, commercial viability, and affordability for con
Surging inflation is forcing auto finance startups to rethink their financing strategies to maintain demand
Auto finance companies in Nigeria are adjusting their strategies to keep demand stable as inflation rises, pushing vehicle prices higher. They are prioritizing financing vehicles in areas of preference and adapting to shifting market conditions and consumer preferences.
