May 1, 2017 IBOMLLC Team

Nigeria-based Cars45 raised $5 million to scale operations

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The biggest car buying service in Nigeria, Cars45, has successfully raised $45 million in Series A funding. This money will be used to scale up and improve the company’s online services; enhancing the buying and selling experience of its customers.

Cars45 was launched last year, with one mantra in mind; help Nigerians sell their cars under just 45 minutes. And do it in the safest, fastest, and smartest way possible. Customers can visit the site and enter their vehicle’s information and get a quick and free valuation. If the customer finds the price given satisfactory, he or she can then proceed to make an appointment with one of the Car45 inspection centers to have the physical inspection of the vehicle done.

Should the car pass Car45’s multi-point physical evaluation; which takes a thorough look at the engine, tires, brakes, and road tests. An offer will be made leading up to an agreement, at which point money will be wired to the seller within 45 minutes.

After that, the vehicle will be put up on the startup’s online platform with the pricing and a digital service history. Buyers looking …read more

Read more here:: Nigeria-based Cars45 raised $5 million to scale operations



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