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# Autochek acquires majority stake in an Egyptian auto-tech startup
- URL: https://www.techloy.com/autochek-acquires-autotager/
- Published: 2023-04-18T15:45:47.000Z
- Updated: 2023-04-18T15:45:47.000Z
- Author: Acquah Nana Yeboah
- Tags: / News, Autotech, Egypt

[Autochek](https://www.techloy.com/autochek-launches-fintech-arm-to-accelerate-vehicle-financing-in-africa/), a pan-African automotive technology company, has acquired a majority stake in [AutoTager](https://www.autotager.com/), an Egyptian automotive technology start-up that simplifies the car-buying and selling process in Egypt.

The move represents Autochek's entry into the North African country, the second-largest economy and the second-largest automotive market on the continent.

AutoTager, which was founded in 2021, connects consumers with vetted vehicles and financing options and dealers with serious buyers and technology solutions to improve their operations.

[Autochek to boost vehicle financing in Africa with new fintech armAutochek, an automotive technology company making car ownership more accessible and affordable across Africa, has announced the launch of Autochek Financial Services. \* Launched in October 2020 and operational across East, West and North Africa, Autochek combines technology, underpinned by data an…![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/size/w256h256/2021/07/techloy-dot.png)TechloyAcquah Nana Yeboah![](https://images.unsplash.com/photo-1487754180451-c456f719a1fc?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDExMXx8QXV0byUyMGZpbmFuY2V8ZW58MHx8fHwxNjY5Mjk0NTQ4&ixlib=rb-4.0.3&q=80&w=2000)](https://www.techloy.com/autochek-launches-fintech-arm-to-accelerate-vehicle-financing-in-africa/)

Autochek's acquisition marks the company's sixth in under two years and its third in less than a year, consolidating its position as the leading Pan-African automotive technology company.

The acquisition will help Autochek deepen its presence in North Africa and support its ongoing growth, as Egypt's strategic geographical position, skilled workforce, and large domestic market have enabled dynamic growth, making it one of the largest recipients of foreign direct investment in Africa over the past decade.

Autochek now has active operations in nine countries across East, West, and North Africa, with a partner-led footprint of over 2,000 dealers and workshop locations.