Provenir, a global leader in AI-powered risk decisioning software, has announced a strategic partnership with Autochek Africa, an automotive technology company, to drive automation and accelerate expansion efforts.
Empowering Commerce in the Automotive Sector
Autochek Africa specialises in providing solutions that facilitate commerce within the automotive sector. These solutions encompass credit underwriting services for auto loans, catering to both Autochek and third-party banks. Additionally, Autochek offers a range of services including vehicle inspection, maintenance, insurance, and vehicle tracking solutions. To support its strategic expansion plans in specific regions, the company sought a robust platform with rapid deployment capabilities to automate credit decisioning processes.
According to reports by Business Wire, the executives expressed optimism of the partnership and look forward to a mutually beneficial partnership.
Johan van der Merwe, Chief Executive Officer of Autochek Africa, emphasised the need for a flexible and agile partner to execute their expansion strategy. He stated, “To support our aggressive expansion strategy, we needed a partner with an agile and flexible platform and the ability to deliver within very short timelines. We have partnered with Provenir to automate decisioning for faster and more scalable approval processes. Within eight months, we were able to provide clients and dealers with pre-approvals, instalment simulations, and loan application decisions, together with bespoke offers, in six countries. Provenir’s low-code platform provides us a competitive advantage, allowing us to quickly expand into our target geographies, reducing our launch time in many cases by almost half.”
Read also: Nigeria’s Autochek Acquires Shares In Egypt’s AutoTager
Provenir’s Role in the Partnership
Adrian Pillay, Vice President, MEA at Provenir, expressed their enthusiasm for the partnership.
The VP said: “We are pleased to partner with Autochek Africa to help them quickly scale operations and enter new markets. The firm’s flexible platform provides Autochek with the self-sufficiency needed when launching new products to market, so they can scale faster than ever before”, Business Wire reported.
It is known for its AI-Powered Decisioning Platform, which empowers fintechs and financial services providers to make faster and smarter decisions. By integrating crucial data, AI capabilities, and decisioning expertise, Provenir enables organisations to offer exceptional consumer experiences and drive improvements across the customer lifecycle. This partnership will allow Autochek Africa to leverage Provenir’s technology to enhance its operations and support its mission of expanding access to financial services in the automotive sector.
About Provenir
Provenir is a leader in AI-powered risk decisioning software, offering solutions that help fintechs and financial services providers make faster, smarter decisions. Their unique platform combines data, AI, and decisioning capabilities to improve the customer experience, enhance access to financial services, and drive business agility. Provenir collaborates with disruptive financial services organisations in over 50 countries and processes more than 4 billion transactions annually. This partnership with Autochek Africa marks another milestone in Provenir’s mission to enable organisations to innovate and scale with confidence in an ever-evolving financial landscape.
About Autochek Africa
Autochek Africa is an automobile Technology development firm that creates solutions to enable and improve commerce in the automobile sector.
The business is primarily concerned with solutions that increase access to auto loans, high-quality maintenance and after-sales services, warranty solutions, and transactional markets.
Autochek debuted in September 2020 after acquiring ROAM Africa’s automobile marketplaces Cheki Nigeria and Cheki Ghana.
With a seed round of US$13.1 million secured in October 2021, the business has been swiftly growing, mostly through smart acquisitions. Through acquisitions, it has grown to include Kenya, Uganda, Morocco, Egypt, and the Ivory Coast in addition to Ghana.
As of right now, they are all up and running across West, East, and North Africa. We have also established a partner-led retail presence with more than 500 service centres.
