Autochek, an automotive technology company that aims to build digital solutions, has launched a new partnership with Pezesha to enable SMEs in Kenya access asset financing.
Founded in 2016 in Kenya, Pezesha has created a holistic digital financial infrastructure that is on a mission to be the leading enabler platform and marketplace that connects small and medium sized businesses to working capital through a collaborative approach where banks, MFIs and other financial institutions or networks can connect and be matched with quality SMEs driving meaningful financial inclusion and reducing any inequalities on access to formal financial services.
Joan Kamau, Business Operations Manager- Pezesha said ,”Purchasing business assets can be quite expensive, especially for small businesses that do not have a lot of resources or even 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, added Joan.
Pezesha’s 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.
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.
“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.