Nigeria-based car financing platform Autochek has acquired a majority stake in local automotive startup AutoTager, it said in a press release yesterday. The value of the transaction was not disclosed.

What is AutoTager? Established in 2021 by Amr Rezk (LinkedIn), AutoTager is a digital platform that allows people to sell their cars and access finance to buy new ones.

This is Autochek’s first step into Egypt and second in the region: The company entered North Africa last year after acquiring Moroccan online car marketplace Kifal Auto. It is now active in nine countries across East, West and North Africa and has closed six acquisitions in the past two years.

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