News
No.1 Car Auction In Nigeria “Cars45” Gets $5million Funding
Car Auction In Nigeria
According to reports, Cars45 has received a $5million funding from Frontier Cars Group supported by Balderton Capital, EchoVC and TPG Growth.
Etop Ikpe who is a co-founder at Cars45 said, he is delighted to get such support in the industry. He further added that Cars45 aims of ensuring reduced difficulties when trying to sell off a used cars.
“The used-car market in Nigeria is generally a big hassle. There’s so much mistrust, no vehicle history, and not much of a structured dealer network. We’ve created something that changes all that, offering transparency, speed, convenience, and safety, in a highly frictional and opaque market.” Etop Ikpe said
Cars45 was founded in 2016 by Etop Ikpe with Iyamu Mohammed, Sujay Tyle, and Peter Lindholm as co-founders.
