Autochek, the automotive technology company, has launched a new partnership with Pezesha to enable SMEs in Kenya to access asset financing. Through an integrated partnership between Autochek and Pezesha it will enable SMEs to acquire auto assets for ease of business operations and growth.
Currently, Autochek has increased market adoption for auto financing through technology integration that will give SMEs a 360-degree solution for asset acquisition, aftersales, and an opportunity to sell their Auto assets.
Pezesha, through its robust embedded lending and credit scoring capabilities, will enable Autochek’s small and medium-sized businesses to access affordable and flexible asset financing to drive their business growth.
“Purchasing business assets can be quite expensive especially for small businesses that do not have a lot of resources or even a formal credit history. This is where Pezesha comes in. We are able to credit score an SME using alternative data from our partners and offer real time financing with flexible repayment that helps the business spread the cost of buying a business asset over time. Supporting small businesses with the right tools or assets will go a long way in investing in their growth and expansion plans without increasing risk to their business, Joan Kamau, Business Operations Manager- Pezesha
“Autochek has been focused on financing retail customers, we are excited to partner with Pezesha whose key focus is on enabling SME lending. Autochek will continue to invest in the market while exploring new partnership opportunities to deliver solutions for driving positive change in the automotive industry in Kenya and beyond” Bilhah Muriithi, Country Manager – Kenya, Autochek.
Pezesha and Autochek’s partnership will harness Africa’s SME asset finance gaps in the automotive industry by bringing easier access to more financing options as a catalyst for growth.
Africa’s largest automotive digital marketplace, Autochek is combining technology, underpinned by data analytics to deepen auto finance penetration across the continent.
Africa’s digital lending infrastructure enabling SMEs with access to affordable working capital through embedded finance and a collaborative approach across all sectors.