Wednesday, July 16, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Autochek makes online car purchases easier and safer

by Juliette Namakula | Assistant Editor
04/06/2023
in News, TECH
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter
Victor Magaki, the East African Regional HR manager at Autochek Africa.
Victor Magaki, the East African Regional HR manager at Autochek Africa.

KAMPALA – One of the rarest commodities in the world of digital business is called trust. Everyone is afraid of another either because of past experiences with fraud or stories regarding the same.

When it comes to the car business, the odds of getting exactly what you ordered online are very minimal, especially in Africa. It is very possible for someone in Uganda to order a 2022 Mercedez Benz from a car dealer in Asia and receive a 2017 make with even different specifications!

Related posts

Hon. Robert Kyagulanyi Ssentamu and other officials at ULS headquarters on Tuesday.

Lawyers Should emulate Justice Kanyeihamba – Hon. Kyagulanyi

15/07/2025
156
Ugandan Mandela Washington Fellows launched a campaign to raise UGX 100M ($26,000 USD) for the Kampala School for the Physically Handicapped. The initiative seeks to improve accessibility and education.

Ugandan Mandela Fellows Seek UGX 100M for Physically Handicapped School

15/07/2025
162

EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now

15/07/2025
163
Makerere University announces new tuition fee waiver scholarships for 40 disadvantaged female students for the 2025-2026 academic year. Learn eligibility and apply by Aug. 8.

Makerere University Announces New Scholarships for Female Students

15/07/2025
174

So, it is such fears that Autochek – an African one-stop-shop for car buyers, sellers, and service providers was formed to eliminate.

“We live by the principle of you get what you see on the website,” says Victor Magaki, the East African Regional HR manager at Autochek Africa.

Magaki says that the idea of owning a genuine car should not be very complicated. The Autochek website, therefore, allows sellers and buyers to meet, negotiate and pay the right amount for the right commodity.

“To eliminate people’s fears, we follow proper procedures to ensure that every stakeholder is in sync. For instance, when a dealer posts a car on our website, we first send a group of professionals to inspect it to ensure that it has the specifications as mentioned,” he says.

Started in the September of 2020 in Nigeria and Ghana, Autochek has had exponential growth to establish branches in Uganda, Kenya, Ivory Coast, Senegal, Morocco, Central African Republic, etc.

“Recently, we acquired Auto Tiger in Egypt and Autochek Financial Services in South Africa. All this acquisition is in less than three years of penetrating major automotive markets in Africa to nine countries,” he says.

In Uganda alone, Magaki says they work with more than 2,000 cars dealers, which creates variety for their clients. Someone who wants a car just needs to visit our portal, pick a car of their choice and they are connected to the dealer.

Magaki adds that one of the most attractive components of Autochek is the car financing service where people are allowed to apply for cars of their choice and pay for them in installments.

“We partner with microfinance institutions. We have also been whitelisted with Stanbic Bank so that we can do the loans and everything,” he says.

“We are building the Fintech experience and in Africa, you always know that it is built on trust. Like other marketplace platforms, we are trying. I don’t want to mention places but there are other places where you see your car being sold and you wonder how it happened.”

GENUINE

According to Bilal Saeed, the Sales Manager, YUASA – a marketplace, commonly referred to as bond for new cars, since they started using the Autochek Uganda platform about two years ago, the service has been fast, efficient, and reliable.

“They not only finance the cars, but also make sure that they keep the car in a good state. If you compare the market dynamics, different institutions are providing similar facilities. There are banks and other financiers but Autochek beats them. They are more organized, you can do online inquiries, and fill up online forms, and don’t need to go to their offices. They are instant and fast,” he says.

“Autochek makes sure that any car they buy from us is properly serviced and checked before they take the car on the road. They look at the car physically and mechanically,” he adds, noting that they have so far sold more than 60 cars through Autochek.

Saeed thus urges Autochek to develop a mobile application with simpler know-your-customer requirements which will definitely attract more people to their platform.

Autochek is the 28th participant in Season Four of 40 Days 40 FinTechs organized by HiPipo to shine a light on unique innovations changing the lives of people at the bottom of the pyramid in the East African region.

The 40 days 40 FinTechs organizers deserve a round of applause and appreciation because this is big and very educative. We have an opportunity to learn about activities of 40 FinTechs in 40 Days,” Mageto says.

HiPipo’s 40 Days 40 FinTechs initiative has become a household name in the financial technology space of the East African region. In the last three editions, more than 100 FinTechs have been showcased, highlighting stories changing people’s lives, especially in the under-served sectors.

The initiative is organised in partnership with the Level One Project, Mojaloop Foundation, INFITX, Ideation Corner, Cyberplc Academy, and Crosslake Technologies with support from the Bill and Melinda Gates Foundation.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: 40 Days 40 FinTechs40 Days 40 FinTechs initiative40 Days 40 FinTechs Season FourAutochek Africa.Bilal SaeedCentral African RepublicFeaturedHiPipo CEO Innocent KawooyaIvory CoastKenyaMoroccoSenegalthe East African Regional HR manager at Autochek Africa.the Sales ManagerUgandaVictor MagakiYUASA

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
312

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
638
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1.5k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
510
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4382 shares
    Share 1753 Tweet 1096
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    4126 shares
    Share 1650 Tweet 1032
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2669 shares
    Share 1068 Tweet 667
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3324 shares
    Share 1349 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1785 shares
    Share 714 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1652 shares
    Share 661 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Uganda Secures First Tranche of World Bank’s Shs170 Billion for Manufacturing

15/07/2025
Hon. Robert Kyagulanyi Ssentamu and other officials at ULS headquarters on Tuesday.

Lawyers Should emulate Justice Kanyeihamba – Hon. Kyagulanyi

15/07/2025
Ugandan Mandela Washington Fellows launched a campaign to raise UGX 100M ($26,000 USD) for the Kampala School for the Physically Handicapped. The initiative seeks to improve accessibility and education.

Ugandan Mandela Fellows Seek UGX 100M for Physically Handicapped School

15/07/2025

Plascon Spotlights Automotive Paint at Concluding Kampala Auto Show

15/07/2025

EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now

15/07/2025
Museveni opens Busega Market

Museveni commissions Busega market as he kicks off wealth creation tour in Kampala

15/07/2025
Makerere University announces new tuition fee waiver scholarships for 40 disadvantaged female students for the 2025-2026 academic year. Learn eligibility and apply by Aug. 8.

Makerere University Announces New Scholarships for Female Students

15/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Uganda Secures First Tranche of World Bank’s Shs170 Billion for Manufacturing
  • Lawyers Should emulate Justice Kanyeihamba – Hon. Kyagulanyi
  • Ugandan Mandela Fellows Seek UGX 100M for Physically Handicapped School
  • Plascon Spotlights Automotive Paint at Concluding Kampala Auto Show
  • EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now
  • Museveni commissions Busega market as he kicks off wealth creation tour in Kampala

OpED

EACOP Poses a Silent Threat to Ngorongoro, We Need a Full Environmental Assessment Now

NICHOLAS SENGOBA: Gen Moses Ali, ghetto mentality and why Baganda are ‘hard’ to please

Equipping Youth with Skills for a Sustainable Future: A Mission We Must All Embrace

Fueling the Future: How Pesapal’s Forecourt Management Solution is Transforming Uganda’s Petroleum Sector

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d